Synopsys, Inc. (NASDAQ:SNPS) Shares Purchased by NBT Bank N A NY

NBT Bank N A NY boosted its stake in Synopsys, Inc. (NASDAQ:SNPS) by 15.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 285 shares of the semiconductor company’s stock after acquiring an additional 39 shares during the quarter. NBT Bank N A NY’s holdings in Synopsys were worth $138,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Kieckhefer Group LLC acquired a new stake in Synopsys during the 4th quarter worth $27,000. Whipplewood Advisors LLC acquired a new stake in Synopsys during the 4th quarter worth $33,000. Sierra Ocean LLC acquired a new stake in Synopsys during the 4th quarter worth $39,000. Newbridge Financial Services Group Inc. acquired a new stake in Synopsys during the 4th quarter worth $51,000. Finally, Versant Capital Management Inc boosted its stake in Synopsys by 109.3% during the 4th quarter. Versant Capital Management Inc now owns 113 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 59 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Trading Up 0.2 %

Shares of SNPS opened at $430.68 on Wednesday. The firm has a market cap of $66.59 billion, a P/E ratio of 29.66, a price-to-earnings-growth ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a 12-month low of $427.30 and a 12-month high of $624.80. The company’s 50-day moving average price is $498.98 and its 200 day moving average price is $510.06.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley lowered their target price on shares of Synopsys from $625.00 to $590.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Rosenblatt Securities reiterated a “buy” rating and set a $660.00 price target on shares of Synopsys in a report on Tuesday, February 25th. Wells Fargo & Company reduced their price target on Synopsys from $540.00 to $520.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. Robert W. Baird reduced their price target on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Finally, Redburn Atlantic began coverage on Synopsys in a report on Monday, January 13th. They set a “buy” rating and a $600.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $638.58.

Insider Activity at Synopsys

In related news, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $463.75, for a total value of $5,270,982.50. Following the sale, the chief executive officer now directly owns 70,922 shares in the company, valued at approximately $32,890,077.50. The trade was a 13.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction dated 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 sale, the executive now owns 1,460 shares in the company, valued at $738,774.60. This trade represents a 93.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,909 shares of company stock worth $22,794,835. Company insiders own 0.62% of the company’s stock.

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.