C WorldWide Group Holding A S Reduces Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

C WorldWide Group Holding A S reduced its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 75.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,898 shares of the semiconductor company’s stock after selling 106,343 shares during the quarter. C WorldWide Group Holding A S’s holdings in Synopsys were worth $16,453,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of SNPS. Parnassus Investments LLC purchased a new stake in shares of Synopsys during the 3rd quarter valued at about $633,469,000. Edgewood Management LLC raised its holdings in shares of Synopsys by 18.9% during the 3rd quarter. Edgewood Management LLC now owns 3,069,848 shares of the semiconductor company’s stock valued at $1,554,540,000 after buying an additional 487,025 shares during the period. Van ECK Associates Corp raised its holdings in shares of Synopsys by 26.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,605,001 shares of the semiconductor company’s stock valued at $791,923,000 after buying an additional 335,993 shares during the period. Impax Asset Management Group plc raised its holdings in shares of Synopsys by 120.2% during the 3rd quarter. Impax Asset Management Group plc now owns 490,723 shares of the semiconductor company’s stock valued at $248,497,000 after buying an additional 267,836 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of Synopsys by 32.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,048,709 shares of the semiconductor company’s stock valued at $531,056,000 after buying an additional 257,526 shares during the period. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the executive now owns 1,460 shares in the company, valued at $738,774.60. The trade was a 93.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

SNPS has been the topic of several analyst reports. Robert W. Baird dropped their target price on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Wells Fargo & Company dropped their price objective on Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Rosenblatt Securities restated a “buy” rating and set a $635.00 price objective on shares of Synopsys in a report on Wednesday, December 4th. Redburn Atlantic assumed coverage on Synopsys in a report on Monday, January 13th. They set a “buy” rating and a $600.00 price objective on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $640.00 price objective on shares of Synopsys in a report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Synopsys presently has a consensus rating of “Moderate Buy” and an average target price of $641.82.

Synopsys Trading Down 3.9 %

Shares of NASDAQ SNPS opened at $474.84 on Monday. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38. The company has a market capitalization of $73.40 billion, a price-to-earnings ratio of 32.70, a price-to-earnings-growth ratio of 3.23 and a beta of 1.12. The business has a 50 day simple moving average of $510.21 and a 200-day simple moving average of $517.67.

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.