Park Place Capital Corp Has $186,000 Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

Park Place Capital Corp boosted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 142.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 383 shares of the semiconductor company’s stock after buying an additional 225 shares during the quarter. Park Place Capital Corp’s holdings in Synopsys were worth $186,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Janney Capital Management LLC acquired a new position in shares of Synopsys during the 4th quarter worth approximately $6,082,000. Advisory Alpha LLC boosted its position in Synopsys by 3.8% during the fourth quarter. Advisory Alpha LLC now owns 691 shares of the semiconductor company’s stock worth $335,000 after purchasing an additional 25 shares during the period. Nisa Investment Advisors LLC boosted its position in Synopsys by 6.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 46,293 shares of the semiconductor company’s stock worth $22,469,000 after purchasing an additional 2,778 shares during the period. Bourgeon Capital Management LLC acquired a new position in shares of Synopsys in the fourth quarter valued at $705,000. Finally, Oxinas Partners Wealth Management LLC raised its position in shares of Synopsys by 54.5% in the fourth quarter. Oxinas Partners Wealth Management LLC now owns 1,230 shares of the semiconductor company’s stock valued at $597,000 after purchasing an additional 434 shares during the period. Institutional investors own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SNPS. Berenberg Bank initiated coverage on shares of Synopsys in a report on Tuesday, October 15th. They set a “buy” rating and a $660.00 target price for the company. Robert W. Baird reduced their price objective on Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Redburn Atlantic initiated coverage on Synopsys in a research report on Monday, January 13th. They issued a “buy” rating and a $600.00 target price on the stock. Wells Fargo & Company dropped their price target on Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Loop Capital began coverage on Synopsys in a report on Monday, November 11th. They issued a “buy” rating and a $675.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $641.82.

Synopsys Stock Performance

SNPS opened at $544.70 on Thursday. The firm has a market cap of $84.20 billion, a P/E ratio of 37.51, a price-to-earnings-growth ratio of 3.47 and a beta of 1.12. The business’s fifty day moving average is $518.37 and its 200-day moving average is $524.33. Synopsys, Inc. has a 52-week low of $457.52 and a 52-week high of $629.38.

Insiders Place Their Bets

In other news, CRO Richard S. Mahoney sold 20,838 shares of the business’s 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 transaction, the executive now directly owns 1,460 shares in the company, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.66% of the company’s stock.

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.