FACT Capital LP Reduces Position in Synopsys, Inc. (NASDAQ:SNPS)

FACT Capital LP lowered its stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 32.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,641 shares of the semiconductor company's stock after selling 8,073 shares during the period. Synopsys accounts for approximately 3.5% of FACT Capital LP's holdings, making the stock its 16th biggest holding. FACT Capital LP's holdings in Synopsys were worth $8,077,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Advisors Capital Management LLC raised its position in shares of Synopsys by 2.3% in the 4th quarter. Advisors Capital Management LLC now owns 840 shares of the semiconductor company's stock worth $408,000 after purchasing an additional 19 shares during the last quarter. Caprock Group LLC raised its position in shares of Synopsys by 0.5% in the 4th quarter. Caprock Group LLC now owns 3,714 shares of the semiconductor company's stock worth $1,803,000 after purchasing an additional 20 shares during the last quarter. Compagnie Lombard Odier SCmA raised its position in shares of Synopsys by 1.1% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,850 shares of the semiconductor company's stock worth $898,000 after purchasing an additional 20 shares during the last quarter. Edge Capital Group LLC raised its position in shares of Synopsys by 1.2% in the 4th quarter. Edge Capital Group LLC now owns 1,629 shares of the semiconductor company's stock worth $791,000 after purchasing an additional 20 shares during the last quarter. Finally, Barden Capital Management Inc. raised its position in shares of Synopsys by 1.1% in the 4th quarter. Barden Capital Management Inc. now owns 1,832 shares of the semiconductor company's stock worth $889,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 85.47% of the company's stock.

Insider Activity

In other news, 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 value of $5,270,982.50. Following the transaction, the chief executive officer now owns 70,922 shares of the company's stock, valued at $32,890,077.50. This represents a 13.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Geus Aart De sold 15,705 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $444.42, for a total value of $6,979,616.10. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. Company insiders own 0.62% of the company's stock.

Synopsys Price Performance

NASDAQ:SNPS traded down $1.81 during trading hours on Friday, reaching $482.69. The company had a trading volume of 571,489 shares, compared to its average volume of 1,102,545. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $624.80. The firm has a market cap of $74.63 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 3.23 and a beta of 1.16. The business's 50 day moving average price is $437.18 and its 200-day moving average price is $489.02.

Analyst Ratings Changes

A number of equities analysts have weighed in on SNPS shares. Rosenblatt Securities reissued a "buy" rating and issued a $660.00 target price on shares of Synopsys in a research report on Tuesday, February 25th. Mizuho decreased their target price on Synopsys from $650.00 to $600.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. 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. Piper Sandler decreased their target price on Synopsys from $655.00 to $653.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Finally, KeyCorp decreased their target price on Synopsys from $690.00 to $555.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $613.43.

Synopsys Company 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.