BDF Gestion Reduces Position in Synopsys, Inc. $SNPS

Key Points

• BDF Gestion reduced its stake in Synopsys, Inc. by 9.8%, owning approximately $2.43 million worth of shares as of the latest SEC filing.
• Recent analyst ratings for Synopsys show a consensus "Hold" rating, with price targets ranging from $510 to $700, reflecting mixed outlooks among investment analysts.
• Insider activity included Director Robert G. Painter purchasing 350 shares for around $148,904, while CEO Sassine Ghazi sold over 11,000 shares valued at nearly $6.69 million.

BDF Gestion trimmed its position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 9.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,733 shares of the semiconductor company's stock after selling 517 shares during the period. BDF Gestion's holdings in Synopsys were worth $2,427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SNPS. Cornerstone Planning Group LLC raised its position in shares of Synopsys by 275.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 44 shares during the period. Saudi Central Bank bought a new stake in Synopsys in the 1st quarter valued at $26,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Synopsys by 441.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 53 shares during the last quarter. Ameriflex Group Inc. bought a new stake in Synopsys in the 4th quarter valued at $29,000. Finally, WPG Advisers LLC bought a new stake in Synopsys in the 1st quarter valued at $34,000. 85.47% of the stock is currently owned by institutional investors.

Insider Activity at Synopsys

In other Synopsys news, Director Robert G. Painter acquired 350 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was purchased at an average price of $425.44 per share, for a total transaction of $148,904.00. Following the completion of the acquisition, the director owned 2,291 shares of the company's stock, valued at approximately $974,683.04. This trade represents a 18.03% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Shelagh Glaser sold 3,655 shares of Synopsys stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $609.77, for a total transaction of $2,228,709.35. Following the completion of the transaction, the chief financial officer owned 15,317 shares of the company's stock, valued at $9,339,847.09. This trade represents a 19.27% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.62% of the company's stock.

Synopsys Trading Up 3.2%

Shares of Synopsys stock traded up $15.39 on Friday, reaching $495.50. The company had a trading volume of 6,094,205 shares, compared to its average volume of 4,077,129. The firm's 50 day moving average price is $580.02 and its two-hundred day moving average price is $507.20. The firm has a market cap of $92.04 billion, a PE ratio of 38.89, a PEG ratio of 5.60 and a beta of 1.14. Synopsys, Inc. has a 52-week low of $365.74 and a 52-week high of $651.73. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 1.62.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SNPS. Stifel Nicolaus reduced their target price on shares of Synopsys from $650.00 to $550.00 and set a "buy" rating on the stock in a report on Wednesday, September 10th. Wall Street Zen downgraded shares of Synopsys from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. Morgan Stanley cut their price target on shares of Synopsys from $715.00 to $510.00 and set an "overweight" rating on the stock in a report on Thursday, September 11th. Robert W. Baird reiterated a "neutral" rating and set a $535.00 price target (down from $670.00) on shares of Synopsys in a report on Wednesday, September 10th. Finally, Citigroup cut shares of Synopsys from a "neutral" rating to an "underperform" rating in a research report on Wednesday, September 10th. Eleven analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Synopsys has a consensus rating of "Hold" and an average target price of $585.33.

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.