Czech National Bank Acquires 2,290 Shares of Synopsys, Inc. $SNPS

Key Points

• The **Czech National Bank** increased its stake in **Synopsys, Inc.** by **6.4%**, acquiring an additional **2,290 shares**, bringing its total holdings to **37,794 shares** valued at **$19,376,000**.
• Insider activity includes significant sales by CFO **Shelagh Glaser** and CEO **Sassine Ghazi**, with Glaser selling **3,655 shares** and Ghazi selling **11,366 shares**, indicating a decrease in their respective ownership stakes.

Czech National Bank increased its stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 6.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,794 shares of the semiconductor company's stock after acquiring an additional 2,290 shares during the period. Czech National Bank's holdings in Synopsys were worth $19,376,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Williams Jones Wealth Management LLC. raised its holdings in shares of Synopsys by 0.5% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 4,650 shares of the semiconductor company's stock worth $2,257,000 after acquiring an additional 22 shares during the period. Hardy Reed LLC raised its holdings in shares of Synopsys by 0.7% during the first quarter. Hardy Reed LLC now owns 3,290 shares of the semiconductor company's stock worth $1,411,000 after acquiring an additional 22 shares during the period. Resurgent Financial Advisors LLC raised its holdings in shares of Synopsys by 2.7% during the first quarter. Resurgent Financial Advisors LLC now owns 832 shares of the semiconductor company's stock worth $357,000 after acquiring an additional 22 shares during the period. Trust Asset Management LLC raised its holdings in shares of Synopsys by 1.3% during the first quarter. Trust Asset Management LLC now owns 1,766 shares of the semiconductor company's stock worth $757,000 after acquiring an additional 22 shares during the period. Finally, Harbour Investments Inc. raised its holdings in shares of Synopsys by 10.8% during the first quarter. Harbour Investments Inc. now owns 235 shares of the semiconductor company's stock worth $101,000 after acquiring an additional 23 shares during the period. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SNPS shares. Wall Street Zen downgraded shares of Synopsys from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. Wells Fargo & Company decreased their price objective on shares of Synopsys from $630.00 to $550.00 and set an "equal weight" rating for the company in a research report on Wednesday, September 10th. JPMorgan Chase & Co. decreased their price objective on shares of Synopsys from $685.00 to $600.00 and set an "overweight" rating for the company in a research report on Wednesday, September 10th. KeyCorp decreased their price objective on shares of Synopsys from $660.00 to $590.00 and set an "overweight" rating for the company in a research report on Wednesday, September 10th. Finally, Bank of America reissued an "underperform" rating and issued a $525.00 price objective (down previously from $625.00) on shares of Synopsys in a research report on Wednesday, September 10th. Eleven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $585.33.

Insider Transactions at Synopsys

In related news, CEO Sassine Ghazi sold 11,366 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $589.01, for a total transaction of $6,694,687.66. Following the completion of the transaction, the chief executive officer directly owned 71,615 shares in the company, valued at $42,181,951.15. This represents a 13.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Shelagh Glaser sold 3,655 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $609.77, for a total transaction of $2,228,709.35. Following the transaction, the chief financial officer owned 15,317 shares of the company's stock, valued at approximately $9,339,847.09. This represents a 19.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

Synopsys Price Performance

NASDAQ:SNPS traded up $15.39 during mid-day trading on Friday, reaching $495.50. The stock had a trading volume of 6,094,205 shares, compared to its average volume of 3,815,305. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.51. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $651.73. The stock has a market capitalization of $92.04 billion, a PE ratio of 38.89, a P/E/G ratio of 5.42 and a beta of 1.14. The stock has a 50-day simple moving average of $580.02 and a two-hundred day simple moving average of $506.37.

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.