Antonelli Financial Advisors LLC Invests $355,000 in Synopsys, Inc. (NASDAQ:SNPS)

Antonelli Financial Advisors LLC bought a new stake in shares of Synopsys, Inc. (NASDAQ:SNPS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 731 shares of the semiconductor company’s stock, valued at approximately $355,000.

Several other institutional investors and hedge funds have also bought and sold shares of SNPS. Douglass Winthrop Advisors LLC grew its holdings in shares of Synopsys by 10.6% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 11,494 shares of the semiconductor company’s stock worth $5,579,000 after purchasing an additional 1,103 shares during the last quarter. Talos Asset Management LP purchased a new stake in Synopsys during the 4th quarter valued at $16,842,000. Royal London Asset Management Ltd. grew its holdings in Synopsys by 2.5% in the 4th quarter. Royal London Asset Management Ltd. now owns 168,251 shares of the semiconductor company’s stock worth $81,662,000 after acquiring an additional 4,092 shares during the last quarter. Algebris UK Ltd purchased a new position in shares of Synopsys in the fourth quarter valued at about $597,000. Finally, Generali Investments Management Co LLC bought a new position in shares of Synopsys during the fourth quarter valued at about $889,000. 85.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SNPS. Redburn Atlantic assumed coverage on Synopsys in a research note on Monday, January 13th. They issued a “buy” rating and a $600.00 target price on the stock. Wells Fargo & Company reduced their target price on Synopsys from $540.00 to $520.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 27th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $660.00 price target on shares of Synopsys in a research note on Tuesday, February 25th. Morgan Stanley cut their price target on shares of Synopsys from $625.00 to $590.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Finally, Robert W. Baird decreased their price objective on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $638.58.

Insider Activity

In other news, insider Geus Aart De sold 15,705 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the completion of the transaction, the insider now directly owns 116,671 shares in the company, valued at $51,850,925.82. This trade represents a 11.86 % 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. Also, CRO Richard S. Mahoney sold 20,838 shares of the company’s stock in a transaction dated 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 approximately $738,774.60. The trade was a 93.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,909 shares of company stock worth $22,794,835. Insiders own 0.62% of the company’s stock.

Synopsys Price Performance

NASDAQ:SNPS opened at $449.99 on Friday. Synopsys, Inc. has a one year low of $425.73 and a one year high of $624.80. The company’s 50-day simple moving average is $492.07 and its 200 day simple moving average is $506.55. The firm has a market capitalization of $69.58 billion, a P/E ratio of 30.99, a PEG ratio of 3.23 and a beta of 1.16.

Synopsys Company 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.