Teacher Retirement System of Texas Has $4.40 Million Stake in Synopsys, Inc. (NASDAQ:SNPS)

Teacher Retirement System of Texas reduced its stake in Synopsys, Inc. (NASDAQ:SNPS) by 20.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,061 shares of the semiconductor company’s stock after selling 2,358 shares during the period. Teacher Retirement System of Texas’ holdings in Synopsys were worth $4,398,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Royal London Asset Management Ltd. increased its position in shares of Synopsys by 2.5% in the fourth quarter. Royal London Asset Management Ltd. now owns 168,251 shares of the semiconductor company’s stock worth $81,662,000 after purchasing an additional 4,092 shares during the period. Algebris UK Ltd acquired a new stake in Synopsys during the fourth quarter worth about $597,000. Generali Investments Management Co LLC bought a new position in Synopsys in the 4th quarter valued at about $889,000. Investment House LLC raised its position in shares of Synopsys by 247.9% in the 4th quarter. Investment House LLC now owns 4,989 shares of the semiconductor company’s stock valued at $2,421,000 after buying an additional 3,555 shares in the last quarter. Finally, Platinum Investment Management Ltd. lifted its holdings in shares of Synopsys by 39.8% during the 4th quarter. Platinum Investment Management Ltd. now owns 3,317 shares of the semiconductor company’s stock worth $1,610,000 after acquiring an additional 944 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Stock Up 2.0 %

Shares of Synopsys stock opened at $457.77 on Tuesday. The stock has a market cap of $70.78 billion, a price-to-earnings ratio of 31.53, a P/E/G ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a twelve month low of $425.73 and a twelve month high of $624.80. The company’s fifty day moving average is $490.60 and its 200 day moving average is $506.31.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SNPS shares. Morgan Stanley decreased their price objective on shares of Synopsys from $625.00 to $590.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Wells Fargo & Company lowered their price target on Synopsys from $540.00 to $520.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $660.00 price objective on shares of Synopsys in a research note on Tuesday, February 25th. Needham & Company LLC reiterated a “buy” rating and issued a $650.00 target price on shares of Synopsys in a research report on Thursday, February 27th. Finally, Redburn Atlantic began coverage on shares of Synopsys in a report on Monday, January 13th. They issued a “buy” rating and a $600.00 target price for the company. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently 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, insider Geus Aart De sold 15,705 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sassine Ghazi sold 11,366 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were 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 in the company, 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. In the last quarter, insiders have sold 47,909 shares of company stock worth $22,794,835. 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.