V Square Quantitative Management LLC Sells 28 Shares of Synopsys, Inc. (NASDAQ:SNPS)

V Square Quantitative Management LLC cut its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,002 shares of the semiconductor company’s stock after selling 28 shares during the quarter. V Square Quantitative Management LLC’s holdings in Synopsys were worth $1,457,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Compagnie Lombard Odier SCmA raised its stake in shares of Synopsys by 1.1% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,850 shares of the semiconductor company’s stock valued at $898,000 after acquiring an additional 20 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in Synopsys by 10.0% in the fourth quarter. Vontobel Holding Ltd. now owns 1,062,142 shares of the semiconductor company’s stock worth $515,521,000 after purchasing an additional 96,886 shares during the last quarter. Bogart Wealth LLC acquired a new position in shares of Synopsys in the 4th quarter valued at $6,126,000. Catalyst Financial Partners LLC increased its position in shares of Synopsys by 9.4% in the 4th quarter. Catalyst Financial Partners LLC now owns 467 shares of the semiconductor company’s stock valued at $227,000 after acquiring an additional 40 shares during the period. Finally, Avestar Capital LLC increased its position in shares of Synopsys by 24.0% in the 4th quarter. Avestar Capital LLC now owns 1,924 shares of the semiconductor company’s stock valued at $934,000 after acquiring an additional 372 shares during the period. 85.47% of the stock is owned by institutional investors.

Synopsys Stock Up 3.6 %

Shares of NASDAQ:SNPS opened at $528.29 on Friday. The company has a market cap of $81.66 billion, a PE ratio of 36.38, a P/E/G ratio of 3.49 and a beta of 1.12. The company’s 50-day moving average price is $510.41 and its 200 day moving average price is $518.16. Synopsys, Inc. has a fifty-two week low of $457.52 and a fifty-two week high of $629.38.

Analyst Upgrades and Downgrades

SNPS has been the topic of several analyst reports. Piper Sandler cut their price target on Synopsys from $670.00 to $655.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. 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 on the stock. Mizuho assumed coverage on shares of Synopsys in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 target price on the stock. Wells Fargo & Company cut their price target on shares of Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $640.00 target price on shares of Synopsys in a report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $641.82.

Insider Buying and Selling at Synopsys

In other news, CRO Richard S. Mahoney sold 20,838 shares of Synopsys stock in a transaction that occurred on 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 transaction, the executive now owns 1,460 shares of the company’s stock, valued at $738,774.60. The trade was a 93.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.66% of the stock is owned by corporate insiders.

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.