Cetera Investment Advisers Purchases 1,018 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Cetera Investment Advisers boosted its stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,548 shares of the semiconductor company's stock after purchasing an additional 1,018 shares during the period. Cetera Investment Advisers' holdings in Synopsys were worth $13,856,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SNPS. Principal Financial Group Inc. raised its position in Synopsys by 1.1% during the 3rd quarter. Principal Financial Group Inc. now owns 247,966 shares of the semiconductor company's stock worth $125,568,000 after purchasing an additional 2,655 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Synopsys by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,998 shares of the semiconductor company's stock worth $9,620,000 after purchasing an additional 264 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Synopsys by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,691 shares of the semiconductor company's stock worth $821,000 after purchasing an additional 41 shares during the period. Jacobs & Co. CA boosted its stake in shares of Synopsys by 6.8% in the 4th quarter. Jacobs & Co. CA now owns 22,266 shares of the semiconductor company's stock valued at $10,807,000 after purchasing an additional 1,424 shares during the last quarter. Finally, Graypoint LLC raised its stake in Synopsys by 2.9% during the fourth quarter. Graypoint LLC now owns 1,100 shares of the semiconductor company's stock worth $534,000 after buying an additional 31 shares during the last quarter. Institutional investors own 85.47% of the company's stock.

Synopsys Stock Performance

NASDAQ:SNPS traded up $22.69 on Monday, hitting $505.59. The stock had a trading volume of 1,099,699 shares, compared to its average volume of 1,102,534. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $624.80. The firm's fifty day simple moving average is $438.34 and its two-hundred day simple moving average is $489.05. The stock has a market cap of $78.17 billion, a P/E ratio of 34.82, a price-to-earnings-growth ratio of 3.23 and a beta of 1.16.

Analysts Set New Price Targets

SNPS has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $650.00 price target on shares of Synopsys in a research report on Thursday, February 27th. Rosenblatt Securities reaffirmed a "buy" rating and set a $660.00 target price on shares of Synopsys in a research note on Tuesday, February 25th. Bank of America dropped their price target on Synopsys from $630.00 to $560.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Stifel Nicolaus set a $550.00 price target on shares of Synopsys in a report on Monday, April 28th. Finally, KeyCorp dropped their price objective on shares of Synopsys from $690.00 to $555.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Synopsys presently has a consensus rating of "Moderate Buy" and a consensus price target of $613.43.

Insiders Place Their Bets

In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction dated 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 sale, the chief executive officer now owns 70,922 shares of the company's stock, valued at approximately $32,890,077.50. The trade was a 13.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Geus Aart De sold 15,705 shares of the business's stock in a transaction dated 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. The trade was a 11.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.