Fiera Capital Corp Acquires 49,653 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Fiera Capital Corp boosted its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 33.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 196,391 shares of the semiconductor company’s stock after acquiring an additional 49,653 shares during the quarter. Fiera Capital Corp’s holdings in Synopsys were worth $95,320,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Kieckhefer Group LLC bought a new stake in shares of Synopsys in the 4th quarter valued at approximately $27,000. Tsfg LLC grew its position in Synopsys by 75.0% in the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 24 shares during the period. Hazlett Burt & Watson Inc. raised its stake in Synopsys by 40.0% during 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 in the last quarter. Princeton Global Asset Management LLC bought a new position in shares of Synopsys during the third quarter valued at $44,000. Finally, nVerses Capital LLC acquired a new stake in shares of Synopsys in the 3rd quarter valued at $51,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Stock Down 3.7 %

Shares of SNPS opened at $509.71 on Thursday. The stock’s fifty day simple moving average is $511.98 and its 200-day simple moving average is $518.22. The firm has a market capitalization of $78.79 billion, a PE ratio of 35.10, a price-to-earnings-growth ratio of 3.49 and a beta of 1.12. Synopsys, Inc. has a 12-month low of $457.52 and a 12-month high of $629.38.

Insider Buying and Selling at Synopsys

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were 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 owns 1,460 shares in the company, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Loop Capital assumed coverage on shares of Synopsys in a research report on Monday, November 11th. They set a “buy” rating and a $675.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $635.00 target price on shares of Synopsys in a research note on Wednesday, December 4th. Robert W. Baird decreased their price target on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Piper Sandler cut their price objective on Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Finally, Mizuho started coverage on Synopsys in a report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 target price on the stock. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $641.82.

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.