Synopsys, Inc. (NASDAQ:SNPS) Shares Purchased by Tredje AP fonden

Tredje AP fonden grew its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 49.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,962 shares of the semiconductor company’s stock after acquiring an additional 53,648 shares during the quarter. Tredje AP fonden’s holdings in Synopsys were worth $78,610,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SNPS. Kieckhefer Group LLC acquired a new position in Synopsys in the 4th quarter worth approximately $27,000. Whipplewood Advisors LLC acquired a new position in Synopsys in the 4th quarter worth approximately $33,000. Sierra Ocean LLC acquired a new position in Synopsys in the 4th quarter worth approximately $39,000. Newbridge Financial Services Group Inc. acquired a new position in Synopsys in the 4th quarter worth approximately $51,000. Finally, Versant Capital Management Inc increased its holdings in Synopsys by 109.3% in the 4th quarter. Versant Capital Management Inc now owns 113 shares of the semiconductor company’s stock worth $55,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Price Performance

Shares of NASDAQ:SNPS opened at $432.46 on Thursday. Synopsys, Inc. has a 1 year low of $427.30 and a 1 year high of $624.80. The firm has a market capitalization of $66.87 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 3.23 and a beta of 1.16. The business’s 50 day moving average price is $497.92 and its 200-day moving average price is $509.52.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SNPS. Rosenblatt Securities reiterated a “buy” rating and issued a $660.00 price target on shares of Synopsys in a report on Tuesday, February 25th. Wells Fargo & Company lowered their price objective on Synopsys from $540.00 to $520.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. Piper Sandler lowered their price objective on Synopsys from $655.00 to $653.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and issued a $650.00 price objective on shares of Synopsys in a research report on Thursday, February 27th. Finally, Morgan Stanley lowered their price objective on Synopsys from $625.00 to $590.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Synopsys presently has a consensus rating of “Moderate Buy” and a consensus price target of $638.58.

Insider Activity

In other Synopsys 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 value of $6,979,616.10. Following the transaction, the insider now owns 116,671 shares in the company, valued at approximately $51,850,925.82. This trade represents a 11.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $463.75, for a total value of $5,270,982.50. Following the completion of the transaction, the chief executive officer now owns 70,922 shares in the company, valued at $32,890,077.50. The trade was a 13.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,909 shares of company stock worth $22,794,835 in the last quarter. Corporate insiders own 0.62% of the company’s stock.

Synopsys 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.