Synopsys, Inc. (NASDAQ:SNPS) Position Boosted by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC grew its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 14.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,207 shares of the semiconductor company’s stock after acquiring an additional 1,007 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Synopsys were worth $3,983,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Captrust Financial Advisors grew its position in Synopsys by 8.1% in the 3rd quarter. Captrust Financial Advisors now owns 4,994 shares of the semiconductor company’s stock valued at $2,529,000 after buying an additional 374 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of Synopsys by 458.9% in the third quarter. Benjamin Edwards Inc. now owns 598 shares of the semiconductor company’s stock valued at $303,000 after acquiring an additional 491 shares in the last quarter. Hilltop Holdings Inc. acquired a new position in shares of Synopsys during the third quarter valued at approximately $567,000. Investment Management Corp of Ontario lifted its position in Synopsys by 46.3% in the third quarter. Investment Management Corp of Ontario now owns 5,688 shares of the semiconductor company’s stock worth $2,880,000 after purchasing an additional 1,800 shares during the period. Finally, IHT Wealth Management LLC boosted its stake in Synopsys by 39.1% during the 3rd quarter. IHT Wealth Management LLC now owns 858 shares of the semiconductor company’s stock valued at $433,000 after purchasing an additional 241 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.

Wall Street Analysts Forecast Growth

SNPS has been the topic of a number of research reports. Redburn Atlantic assumed coverage on Synopsys in a research note on Monday, January 13th. They issued a “buy” rating and a $600.00 price objective on the stock. Wells Fargo & Company dropped their price target on shares of Synopsys from $540.00 to $520.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and set a $650.00 price objective on shares of Synopsys in a research report on Thursday, February 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $660.00 target price on shares of Synopsys in a report on Tuesday, February 25th. Finally, Morgan Stanley reduced their target price on shares of Synopsys from $625.00 to $590.00 and set an “overweight” rating for the company in a report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Synopsys presently has an average rating of “Moderate Buy” and an average price target of $638.58.

Insider Buying and Selling at Synopsys

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of Synopsys stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total transaction 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 position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $463.75, for a total transaction of $5,270,982.50. Following the completion of the transaction, the chief executive officer now directly owns 70,922 shares in the company, valued at $32,890,077.50. This trade represents a 13.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,909 shares of company stock valued at $22,794,835 in the last 90 days. 0.62% of the stock is currently owned by corporate insiders.

Synopsys Trading Up 0.6 %

Shares of SNPS stock opened at $438.55 on Thursday. The company has a market capitalization of $67.81 billion, a price-to-earnings ratio of 30.20, a P/E/G ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a 1-year low of $420.47 and a 1-year high of $624.80. The stock’s fifty day simple moving average is $479.67 and its 200-day simple moving average is $504.45.

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.