Synopsys, Inc. (NASDAQ:SNPS) Shares Acquired by ING Groep NV

ING Groep NV increased its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 320.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,708 shares of the semiconductor company’s stock after acquiring an additional 29,493 shares during the quarter. ING Groep NV’s holdings in Synopsys were worth $18,787,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Handelsbanken Fonder AB increased its stake in Synopsys by 90.3% in the 4th quarter. Handelsbanken Fonder AB now owns 229,134 shares of the semiconductor company’s stock valued at $111,212,000 after buying an additional 108,716 shares during the period. Ownership Capital B.V. increased its stake in Synopsys by 8.4% in the 4th quarter. Ownership Capital B.V. now owns 103,340 shares of the semiconductor company’s stock valued at $50,157,000 after buying an additional 7,965 shares during the period. Private Wealth Partners LLC increased its stake in Synopsys by 2.6% in the 4th quarter. Private Wealth Partners LLC now owns 1,258 shares of the semiconductor company’s stock valued at $611,000 after buying an additional 32 shares during the period. DSM Capital Partners LLC increased its stake in Synopsys by 2.3% in the 4th quarter. DSM Capital Partners LLC now owns 122,163 shares of the semiconductor company’s stock valued at $59,293,000 after buying an additional 2,790 shares during the period. Finally, New York State Common Retirement Fund increased its stake in Synopsys by 8.4% in the 4th quarter. New York State Common Retirement Fund now owns 337,531 shares of the semiconductor company’s stock valued at $163,824,000 after buying an additional 26,220 shares during the period. 85.47% of the stock is owned by institutional investors and hedge funds.

Synopsys Stock Performance

SNPS opened at $493.97 on Friday. The firm has a 50 day moving average price of $511.23 and a 200 day moving average price of $517.61. The company has a market cap of $76.36 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 3.28 and a beta of 1.12. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38.

Insider Buying and Selling

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the 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 completion of the sale, the executive now owns 1,460 shares of the company’s stock, valued at $738,774.60. This trade represents a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $640.00 price objective on shares of Synopsys in a research note on Thursday, December 5th. Redburn Atlantic initiated coverage on shares of Synopsys in a research note on Monday, January 13th. They set a “buy” rating and a $600.00 price target on the stock. Loop Capital began coverage on shares of Synopsys in a research report on Monday, November 11th. They issued a “buy” rating and a $675.00 price objective on the stock. Rosenblatt Securities restated a “buy” rating and issued a $635.00 target price on shares of Synopsys in a report on Wednesday, December 4th. Finally, Robert W. Baird cut their price objective on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Synopsys presently 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.