Caption Management LLC Invests $1.29 Million in Synopsys, Inc. $SNPS

Key Points

• Caption Management LLC has invested approximately $1.29 million in Synopsys, acquiring 3,000 shares in the first quarter.
• Significant stakes by other institutional investors include a 54,286% increase in holdings by GAMMA Investing LLC, which now owns over 1.19 million shares worth around $513 million.
• Synopsys shares have experienced recent analyst upgrades, with price targets increased, maintaining a consensus rating of "Moderate Buy" with a target price of $634.64.

Caption Management LLC purchased a new position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,000 shares of the semiconductor company's stock, valued at approximately $1,287,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Synopsys by 54,286.0% in the first quarter. GAMMA Investing LLC now owns 1,196,492 shares of the semiconductor company's stock worth $513,116,000 after purchasing an additional 1,194,292 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Synopsys in the first quarter worth approximately $341,480,000. Pictet Asset Management Holding SA lifted its stake in shares of Synopsys by 38.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,432,596 shares of the semiconductor company's stock worth $1,043,518,000 after acquiring an additional 673,837 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Synopsys by 26.2% during the 4th quarter. Ameriprise Financial Inc. now owns 1,888,181 shares of the semiconductor company's stock valued at $916,441,000 after acquiring an additional 391,681 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Synopsys by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 14,829,770 shares of the semiconductor company's stock valued at $6,359,747,000 after acquiring an additional 346,994 shares during the period. 85.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Synopsys

In other Synopsys news, CRO Richard S. Mahoney sold 9,010 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $471.21, for a total transaction of $4,245,602.10. Following the sale, the executive owned 1,485 shares of the company's stock, valued at approximately $699,746.85. This trade represents a 85.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Shelagh Glaser sold 7,310 shares of Synopsys stock in a transaction on Friday, June 6th. The shares were sold at an average price of $485.72, for a total value of $3,550,613.20. Following the completion of the transaction, the chief financial officer owned 15,291 shares in the company, valued at $7,427,144.52. This represents a 32.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.62% of the company's stock.

Analyst Upgrades and Downgrades

SNPS has been the topic of a number of recent analyst reports. Wells Fargo & Company reiterated a "positive" rating on shares of Synopsys in a research report on Wednesday. Rosenblatt Securities raised their price target on shares of Synopsys from $625.00 to $650.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Morgan Stanley reiterated an "overweight" rating and set a $715.00 price objective (up previously from $540.00) on shares of Synopsys in a report on Monday, August 11th. The Goldman Sachs Group started coverage on shares of Synopsys in a research note on Thursday, July 10th. They issued a "buy" rating and a $620.00 target price on the stock. Finally, KeyCorp lifted their price target on shares of Synopsys from $540.00 to $610.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $634.64.

Synopsys Stock Down 1.4%

Shares of Synopsys stock opened at $603.52 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 7.02 and a quick ratio of 6.85. The stock has a market cap of $93.64 billion, a price-to-earnings ratio of 43.58, a PEG ratio of 3.97 and a beta of 1.14. The firm's 50-day moving average is $583.07 and its two-hundred day moving average is $503.25. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $651.73.

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.

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