Landscape Capital Management L.L.C. Takes $1.45 Million Position in Synopsys, Inc. $SNPS

Key Points

• Landscape Capital Management L.L.C. acquired a new stake in Synopsys, Inc., purchasing 3,381 shares valued at approximately $1,450,000 during the first quarter.
• Insider transactions included significant sales by CRO Richard S. Mahoney and CFO Shelagh Glaser, with Mahoney selling 9,010 shares for over $4 million, resulting in an 85.85% decrease in his ownership.
• Analysts remain optimistic about Synopsys, with a consensus rating of "Moderate Buy" and an average target price of around $634.64 across various reports.

Landscape Capital Management L.L.C. acquired a new position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,381 shares of the semiconductor company's stock, valued at approximately $1,450,000.

Several other hedge funds have also bought and sold shares of the stock. Cornerstone Planning Group LLC lifted 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 buying an additional 44 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Synopsys by 441.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 53 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in shares of Synopsys in the 4th quarter worth $29,000. Cloud Capital Management LLC acquired a new stake in shares of Synopsys in the 1st quarter worth $36,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Synopsys by 33.3% during the 1st quarter. Meeder Asset Management Inc. now owns 104 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 26 shares during the period. Hedge funds and other institutional investors own 85.47% of the company's stock.

Insider Activity at Synopsys

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

Synopsys Stock Down 1.9%

Shares of NASDAQ SNPS traded down $11.51 during midday trading on Tuesday, hitting $592.01. 1,388,123 shares of the company's stock were exchanged, compared to its average volume of 1,407,543. The company has a market cap of $91.86 billion, a PE ratio of 42.74, a P/E/G ratio of 3.97 and a beta of 1.14. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73. The firm's fifty day simple moving average is $585.72 and its 200-day simple moving average is $503.81. The company has a debt-to-equity ratio of 1.01, a current ratio of 7.02 and a quick ratio of 6.85.

Analyst Upgrades and Downgrades

SNPS has been the subject of a number of research analyst reports. Morgan Stanley reiterated an "overweight" rating and set a $715.00 price target (up from $540.00) on shares of Synopsys in a report on Monday, August 11th. KeyCorp lifted their price objective on Synopsys from $540.00 to $610.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Bank of America lifted their price objective on Synopsys from $575.00 to $625.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Rosenblatt Securities lifted their price objective on Synopsys from $625.00 to $650.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Wells Fargo & Company reiterated a "positive" rating on shares of Synopsys in a research note on Wednesday, August 27th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Synopsys has a consensus rating of "Moderate Buy" and an average price target of $634.64.

About Synopsys

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.