Brown Shipley& Co Ltd Raises Position in Synopsys, Inc. (NASDAQ:SNPS)

Brown Shipley& Co Ltd raised its stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 26.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,795 shares of the semiconductor company's stock after buying an additional 2,025 shares during the quarter. Synopsys accounts for about 2.4% of Brown Shipley& Co Ltd's portfolio, making the stock its 13th largest position. Brown Shipley& Co Ltd's holdings in Synopsys were worth $4,754,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Whipplewood Advisors LLC acquired a new stake in Synopsys in the 4th quarter valued at approximately $33,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Synopsys during the 4th quarter worth approximately $34,000. Sierra Ocean LLC acquired a new position in Synopsys in the 4th quarter valued at $39,000. Hazlett Burt & Watson Inc. raised its holdings in Synopsys by 28.6% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company's stock valued at $44,000 after acquiring an additional 20 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in Synopsys by 50.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 98 shares of the semiconductor company's stock valued at $48,000 after acquiring an additional 33 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Synopsys

In other news, CEO Sassine Ghazi sold 11,366 shares of the firm'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 completion of the transaction, the chief executive officer now directly owns 70,922 shares of the company's stock, valued at $32,890,077.50. This trade represents a 13.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the insider now directly owns 116,671 shares of the company's stock, valued at $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. 0.62% of the stock is owned by corporate insiders.

Synopsys Stock Performance

NASDAQ SNPS traded down $4.63 on Friday, hitting $498.85. 670,031 shares of the stock traded hands, compared to its average volume of 1,105,286. The business's fifty day moving average is $450.97 and its two-hundred day moving average is $488.46. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $624.80. The firm has a market capitalization of $77.13 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 3.23 and a beta of 1.16.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SNPS shares. Rosenblatt Securities reissued a "buy" rating and set a $660.00 price target on shares of Synopsys in a report on Tuesday, February 25th. Morgan Stanley reduced their price target on Synopsys from $625.00 to $590.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. Mizuho dropped their price objective on Synopsys from $650.00 to $600.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. KeyCorp set a $575.00 price target on Synopsys and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Needham & Company LLC reissued a "buy" rating and issued a $650.00 price objective on shares of Synopsys in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, Synopsys has an average rating of "Moderate Buy" and an average price target of $614.86.

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.