Synopsys, Inc. (NASDAQ:SNPS) Shares Purchased by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC boosted its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,214 shares of the semiconductor company’s stock after purchasing an additional 72 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Synopsys were worth $1,075,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC boosted its holdings in Synopsys by 15.9% in the fourth quarter. Fidelis Capital Partners LLC now owns 1,102 shares of the semiconductor company’s stock worth $573,000 after purchasing an additional 151 shares during the period. Quintet Private Bank Europe S.A. boosted its holdings in Synopsys by 6.2% in the fourth quarter. Quintet Private Bank Europe S.A. now owns 52,502 shares of the semiconductor company’s stock worth $25,482,000 after purchasing an additional 3,042 shares during the period. LGT Fund Management Co Ltd. boosted its holdings in Synopsys by 141.1% in the fourth quarter. LGT Fund Management Co Ltd. now owns 1,145 shares of the semiconductor company’s stock worth $556,000 after purchasing an additional 670 shares during the period. LGT Group Foundation boosted its holdings in Synopsys by 3.3% in the fourth quarter. LGT Group Foundation now owns 17,205 shares of the semiconductor company’s stock worth $8,351,000 after purchasing an additional 556 shares during the period. Finally, DJE Kapital AG acquired a new position in Synopsys in the fourth quarter worth $13,412,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Stock Down 3.1 %

Shares of NASDAQ SNPS opened at $443.26 on Tuesday. Synopsys, Inc. has a fifty-two week low of $442.29 and a fifty-two week high of $624.80. The firm’s 50-day simple moving average is $505.15 and its 200 day simple moving average is $514.75. The stock has a market cap of $68.54 billion, a P/E ratio of 30.53, a P/E/G ratio of 3.23 and a beta of 1.12.

Insider Activity at Synopsys

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total value of $10,544,236.38. Following the sale, the executive now directly owns 1,460 shares in the company, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $660.00 target price on shares of Synopsys in a research note on Tuesday, February 25th. Morgan Stanley cut their target price on Synopsys from $625.00 to $590.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Loop Capital assumed coverage on Synopsys in a research note on Monday, November 11th. They issued a “buy” rating and a $675.00 target price on the stock. Robert W. Baird cut their target price on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Finally, Piper Sandler cut their target price on Synopsys from $655.00 to $653.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Synopsys has an average rating of “Moderate Buy” and a consensus target price of $638.58.

Synopsys Company 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.