Generali Investments Management Co LLC Sells 990 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Generali Investments Management Co LLC cut its stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 54.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 842 shares of the semiconductor company's stock after selling 990 shares during the quarter. Generali Investments Management Co LLC's holdings in Synopsys were worth $361,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SNPS. Sendero Wealth Management LLC boosted its holdings in Synopsys by 35.1% in the first quarter. Sendero Wealth Management LLC now owns 3,796 shares of the semiconductor company's stock valued at $1,628,000 after acquiring an additional 986 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Synopsys by 1.2% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 6,163 shares of the semiconductor company's stock worth $2,643,000 after purchasing an additional 76 shares during the last quarter. CGN Advisors LLC lifted its position in shares of Synopsys by 51.3% in the 1st quarter. CGN Advisors LLC now owns 4,186 shares of the semiconductor company's stock worth $1,795,000 after purchasing an additional 1,419 shares during the period. Unigestion Holding SA bought a new stake in shares of Synopsys in the 1st quarter valued at $1,286,000. Finally, Fulton Bank N.A. boosted its stake in shares of Synopsys by 16.4% in the 1st quarter. Fulton Bank N.A. now owns 1,697 shares of the semiconductor company's stock valued at $728,000 after purchasing an additional 239 shares during the last quarter. Institutional investors own 85.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Mizuho dropped their target price on shares of Synopsys from $650.00 to $600.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Morgan Stanley lowered their price objective on Synopsys from $625.00 to $590.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Stifel Nicolaus set a $550.00 target price on Synopsys in a research report on Monday, April 28th. Bank of America lowered their target price on Synopsys from $630.00 to $560.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Rosenblatt Securities cut their price target on Synopsys from $660.00 to $625.00 and set a "buy" rating on the stock in a report on Thursday, May 29th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $609.64.

Insiders Place Their Bets

In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $457.93, for a total value of $5,204,832.38. Following the completion of the sale, the chief executive officer now owns 71,589 shares in the company, valued at approximately $32,782,750.77. This trade represents a 13.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.62% of the company's stock.

Synopsys Trading Up 1.9%

Synopsys stock opened at $482.20 on Friday. The firm has a market capitalization of $74.82 billion, a price-to-earnings ratio of 33.21, a price-to-earnings-growth ratio of 3.23 and a beta of 1.11. The firm's fifty day moving average price is $455.95 and its two-hundred day moving average price is $484.27. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $624.80.

Synopsys (NASDAQ:SNPS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The semiconductor company reported $3.67 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.27. The business had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.60 billion. Synopsys had a net margin of 36.12% and a return on equity of 20.48%. The firm's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.00 EPS. On average, research analysts forecast that Synopsys, Inc. will post 10.64 EPS for the current year.

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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