Vanguard Group Inc. Purchases 120,575 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Vanguard Group Inc. lifted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 0.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,482,776 shares of the semiconductor company’s stock after acquiring an additional 120,575 shares during the period. Vanguard Group Inc. owned approximately 0.09% of Synopsys worth $7,029,360,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Stevens Capital Management LP lifted its holdings in shares of Synopsys by 6.3% during the 4th quarter. Stevens Capital Management LP now owns 503 shares of the semiconductor company’s stock worth $244,000 after acquiring an additional 30 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Synopsys by 33.6% during the 4th quarter. LPL Financial LLC now owns 129,967 shares of the semiconductor company’s stock worth $63,081,000 after acquiring an additional 32,699 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Synopsys during the 4th quarter worth $26,447,000. Sei Investments Co. lifted its holdings in shares of Synopsys by 9.8% during the 4th quarter. Sei Investments Co. now owns 304,426 shares of the semiconductor company’s stock worth $147,759,000 after acquiring an additional 27,281 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Synopsys by 38.7% during the 4th quarter. American Century Companies Inc. now owns 571,474 shares of the semiconductor company’s stock worth $277,371,000 after acquiring an additional 159,344 shares during the last quarter. 85.47% of the stock is owned by institutional investors.

Insider Buying and Selling 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 transaction of $5,270,982.50. Following the transaction, the chief executive officer now owns 70,922 shares in the company, valued at $32,890,077.50. The trade was a 13.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Geus Aart De sold 15,705 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the transaction, the insider now owns 116,671 shares in the company, valued at $51,850,925.82. This represents a 11.86 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,909 shares of company stock worth $22,794,835. 0.62% of the stock is currently owned by company insiders.

Synopsys Trading Down 0.3 %

SNPS stock opened at $448.60 on Monday. The firm’s 50-day moving average price is $491.19 and its two-hundred day moving average price is $506.44. Synopsys, Inc. has a 12-month low of $425.73 and a 12-month high of $624.80. The stock has a market capitalization of $69.36 billion, a price-to-earnings ratio of 30.90, a PEG ratio of 3.23 and a beta of 1.16.

Analyst Ratings Changes

SNPS has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $660.00 price objective on shares of Synopsys in a report on Tuesday, February 25th. Needham & Company LLC reissued a “buy” rating and issued a $650.00 price target on shares of Synopsys in a research note on Thursday, February 27th. Redburn Atlantic assumed coverage on shares of Synopsys in a research note on Monday, January 13th. They issued a “buy” rating and a $600.00 price target for the company. Robert W. Baird lowered their price target on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Finally, Wells Fargo & Company lowered their price target on shares of Synopsys from $540.00 to $520.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $638.58.

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.