Synopsys, Inc. (NASDAQ:SNPS) Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lifted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 149.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,953 shares of the semiconductor company’s stock after buying an additional 41,316 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Synopsys were worth $33,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Synopsys by 10.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 257,128 shares of the semiconductor company’s stock worth $126,947,000 after purchasing an additional 24,346 shares during the last quarter. Financial Counselors Inc. grew its stake in Synopsys by 6.1% in the fourth quarter. Financial Counselors Inc. now owns 32,489 shares of the semiconductor company’s stock worth $15,769,000 after purchasing an additional 1,872 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Synopsys by 6.0% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 101,963 shares of the semiconductor company’s stock valued at $49,489,000 after buying an additional 5,773 shares during the last quarter. Jackson Square Partners LLC increased its holdings in Synopsys by 26,252.0% in the fourth quarter. Jackson Square Partners LLC now owns 13,176 shares of the semiconductor company’s stock valued at $6,562,000 after buying an additional 13,126 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in Synopsys by 1.5% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,202 shares of the semiconductor company’s stock valued at $7,378,000 after buying an additional 225 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.

Synopsys Trading Down 1.6 %

Shares of NASDAQ SNPS opened at $449.90 on Thursday. Synopsys, Inc. has a 12-month low of $425.73 and a 12-month high of $624.80. The company has a market cap of $69.56 billion, a PE ratio of 30.98, a P/E/G ratio of 3.23 and a beta of 1.16. The stock has a 50 day simple moving average of $488.79 and a 200-day simple moving average of $505.87.

Analyst Ratings Changes

Several research analysts have recently commented on SNPS shares. Wells Fargo & Company decreased their target price on Synopsys from $540.00 to $520.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. Morgan Stanley decreased their price objective 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. Robert W. Baird dropped their target price 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. Piper Sandler reduced their price target on shares of Synopsys from $655.00 to $653.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Finally, Redburn Atlantic started coverage on shares of Synopsys in a research report on Monday, January 13th. They set a “buy” rating and a $600.00 price objective for the company. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $638.58.

Insider Buying and Selling at Synopsys

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the firm’s stock in a transaction dated 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 transaction, the executive now owns 1,460 shares of the company’s stock, valued at approximately $738,774.60. This trade represents a 93.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 70,922 shares of the company’s stock, valued at approximately $32,890,077.50. This represents a 13.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,909 shares of company stock valued at $22,794,835 in the last quarter. Corporate insiders own 0.62% of the company’s stock.

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.