DRW Securities LLC Has $448,000 Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

DRW Securities LLC lessened its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 46.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 885 shares of the semiconductor company’s stock after selling 770 shares during the period. DRW Securities LLC’s holdings in Synopsys were worth $448,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Andina Capital Management LLC raised its position in Synopsys by 2.8% during the 2nd quarter. Andina Capital Management LLC now owns 664 shares of the semiconductor company’s stock worth $395,000 after purchasing an additional 18 shares during the last quarter. Cascade Financial Partners LLC raised its position in shares of Synopsys by 4.9% during the second quarter. Cascade Financial Partners LLC now owns 389 shares of the semiconductor company’s stock worth $232,000 after acquiring an additional 18 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in shares of Synopsys by 40.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 20 shares during the period. Hilltop National Bank boosted its holdings in Synopsys by 6.0% in the second quarter. Hilltop National Bank now owns 370 shares of the semiconductor company’s stock valued at $220,000 after acquiring an additional 21 shares during the last quarter. Finally, Green Alpha Advisors LLC increased its position in Synopsys by 1.7% during the 3rd quarter. Green Alpha Advisors LLC now owns 1,294 shares of the semiconductor company’s stock valued at $655,000 after purchasing an additional 22 shares during the period. Institutional investors own 85.47% of the company’s stock.

Synopsys Stock Performance

Shares of NASDAQ:SNPS opened at $553.95 on Wednesday. Synopsys, Inc. has a 52-week low of $457.52 and a 52-week high of $629.38. The business’s 50 day simple moving average is $523.08 and its two-hundred day simple moving average is $545.69. The firm has a market cap of $85.09 billion, a P/E ratio of 57.46, a PEG ratio of 3.43 and a beta of 1.08.

Analyst Ratings Changes

SNPS has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price target on shares of Synopsys from $661.00 to $663.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. JPMorgan Chase & Co. upped their price target on shares of Synopsys from $655.00 to $685.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Mizuho initiated coverage on Synopsys in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price objective for the company. Rosenblatt Securities restated a “buy” rating and set a $635.00 target price on shares of Synopsys in a research report on Friday, August 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $640.00 target price on shares of Synopsys in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Synopsys has an average rating of “Moderate Buy” and an average target price of $644.36.

About Synopsys

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.