Synopsys, Inc. (NASDAQ:SNPS) Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S lessened its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 75.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 33,898 shares of the semiconductor company’s stock after selling 106,343 shares during the quarter. C WorldWide Group Holding A S’s holdings in Synopsys were worth $16,453,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Davidson Capital Management Inc. boosted its position in Synopsys by 33,828.6% during the 3rd quarter. Davidson Capital Management Inc. now owns 4,750 shares of the semiconductor company’s stock worth $2,405,000 after acquiring an additional 4,736 shares during the period. Peloton Wealth Strategists boosted its position in Synopsys by 221.2% during the 3rd quarter. Peloton Wealth Strategists now owns 2,881 shares of the semiconductor company’s stock worth $1,459,000 after acquiring an additional 1,984 shares during the period. Swiss National Bank boosted its position in Synopsys by 0.7% during the 3rd quarter. Swiss National Bank now owns 454,800 shares of the semiconductor company’s stock worth $230,306,000 after acquiring an additional 3,200 shares during the period. Parnassus Investments LLC acquired a new position in Synopsys during the 3rd quarter worth $633,469,000. Finally, Harvest Portfolios Group Inc. boosted its position in Synopsys by 3.7% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 42,121 shares of the semiconductor company’s stock worth $21,330,000 after acquiring an additional 1,496 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analysts Set New Price Targets

SNPS has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Loop Capital started coverage on Synopsys in a research note on Monday, November 11th. They set a “buy” rating and a $675.00 target price for the company. Robert W. Baird decreased their target price on Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Redburn Atlantic started coverage on Synopsys in a research note on Monday, January 13th. They set a “buy” rating and a $600.00 target price for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $640.00 target price on shares of Synopsys in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $641.82.

Synopsys Stock Down 3.9 %

Shares of NASDAQ SNPS opened at $474.84 on Monday. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38. The company has a market cap of $73.40 billion, a price-to-earnings ratio of 32.70, a P/E/G ratio of 3.23 and a beta of 1.12. The business has a fifty day simple moving average of $510.21 and a 200-day simple moving average of $517.67.

Insider Activity

In other news, CRO Richard S. Mahoney sold 20,838 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the completion of the sale, the executive now directly owns 1,460 shares of the company’s stock, valued at $738,774.60. This represents a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.66% of the stock is currently owned by company insiders.

Synopsys Profile

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.