Ownership Capital B.V. Has $37.46 Million Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Ownership Capital B.V. decreased its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 15.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,355 shares of the semiconductor company's stock after selling 15,985 shares during the period. Synopsys makes up 1.7% of Ownership Capital B.V.'s holdings, making the stock its 22nd biggest holding. Ownership Capital B.V. owned about 0.06% of Synopsys worth $37,462,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SNPS. Ameriflex Group Inc. acquired a new position in shares of Synopsys in the 4th quarter valued at about $29,000. Cornerstone Planning Group LLC lifted its stake in Synopsys by 275.0% in the first 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 during the period. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Synopsys during the 4th quarter worth approximately $34,000. Cloud Capital Management LLC acquired a new stake in shares of Synopsys during the 1st quarter worth approximately $36,000. Finally, Hazlett Burt & Watson Inc. grew its position in shares of Synopsys by 28.6% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company's stock worth $44,000 after buying an additional 20 shares during the period. Institutional investors own 85.47% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on SNPS shares. Mizuho cut their target price on shares of Synopsys from $650.00 to $600.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Rosenblatt Securities dropped their price objective on shares of Synopsys from $660.00 to $625.00 and set a "buy" rating on the stock in a report on Thursday, May 29th. Bank of America cut their price objective on shares of Synopsys from $630.00 to $560.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. The Goldman Sachs Group began coverage on Synopsys in a research note on Thursday. They issued a "buy" rating and a $620.00 target price for the company. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $615.00 price target (down from $653.00) on shares of Synopsys in a research note on Thursday, May 29th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Synopsys presently has a consensus rating of "Moderate Buy" and an average price target of $612.67.

Synopsys Stock Up 2.8%

SNPS stock opened at $566.19 on Friday. The firm has a market capitalization of $87.85 billion, a PE ratio of 40.88, a P/E/G ratio of 3.64 and a beta of 1.12. The company has a quick ratio of 6.85, a current ratio of 7.02 and a debt-to-equity ratio of 1.01. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $624.80. The stock's 50 day moving average is $497.53 and its 200-day moving average is $479.77.

Synopsys (NASDAQ:SNPS - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The semiconductor company reported $3.67 EPS for the quarter, beating analysts' consensus estimates of $3.40 by $0.27. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.60 billion. Synopsys had a return on equity of 17.09% and a net margin of 34.77%. Synopsys's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.00 EPS. Sell-side analysts expect that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CRO Richard S. Mahoney sold 9,010 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $471.21, for a total value of $4,245,602.10. Following the transaction, the executive owned 1,485 shares in the company, valued at $699,746.85. The trade was a 85.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Shelagh Glaser sold 7,310 shares of Synopsys stock in a transaction on Friday, June 6th. The stock was sold at an average price of $485.72, for a total value of $3,550,613.20. Following the sale, the chief financial officer owned 15,291 shares in the company, valued at $7,427,144.52. This trade represents a 32.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,686 shares of company stock valued at $13,001,048. Corporate insiders own 0.62% of the company's stock.

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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