Shell Asset Management Co. Has $1.24 Million Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Shell Asset Management Co. lifted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 74.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,552 shares of the semiconductor company's stock after purchasing an additional 1,087 shares during the period. Shell Asset Management Co.'s holdings in Synopsys were worth $1,239,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Advisors Capital Management LLC grew its holdings in Synopsys by 2.3% during the fourth quarter. Advisors Capital Management LLC now owns 840 shares of the semiconductor company's stock worth $408,000 after purchasing an additional 19 shares during the period. Caprock Group LLC lifted its position in shares of Synopsys by 0.5% in the fourth quarter. Caprock Group LLC now owns 3,714 shares of the semiconductor company's stock valued at $1,803,000 after buying an additional 20 shares during the last quarter. Compagnie Lombard Odier SCmA lifted its position in shares of Synopsys by 1.1% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,850 shares of the semiconductor company's stock valued at $898,000 after buying an additional 20 shares during the last quarter. Edge Capital Group LLC boosted its stake in shares of Synopsys by 1.2% during the 4th quarter. Edge Capital Group LLC now owns 1,629 shares of the semiconductor company's stock worth $791,000 after acquiring an additional 20 shares during the period. Finally, Barden Capital Management Inc. increased its holdings in shares of Synopsys by 1.1% during the 4th quarter. Barden Capital Management Inc. now owns 1,832 shares of the semiconductor company's stock worth $889,000 after acquiring an additional 20 shares during the last quarter. Institutional investors own 85.47% of the company's stock.

Synopsys Trading Down 1.3%

Shares of NASDAQ:SNPS traded down $6.43 on Friday, reaching $497.06. 162,506 shares of the company's stock were exchanged, compared to its average volume of 1,211,661. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $624.80. The company has a fifty day moving average of $449.95 and a 200-day moving average of $489.07. The company has a market capitalization of $76.85 billion, a price-to-earnings ratio of 34.24, a PEG ratio of 3.23 and a beta of 1.16.

Analyst Ratings Changes

A number of equities analysts have commented on SNPS shares. Wells Fargo & Company reduced their price objective on shares of Synopsys from $540.00 to $520.00 and set an "equal weight" rating for the company in a research report on Thursday, February 27th. Rosenblatt Securities reaffirmed a "buy" rating and set a $660.00 target price on shares of Synopsys in a report on Tuesday, February 25th. Mizuho decreased their price target 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. Bank of America cut their price objective on shares of Synopsys from $630.00 to $560.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, KeyCorp set a $575.00 price objective on Synopsys and gave the stock an "overweight" rating in a report on Tuesday. One 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 company has a consensus rating of "Moderate Buy" and a consensus price target of $614.86.

Insider Buying and Selling

In related news, insider Geus Aart De sold 15,705 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the sale, the insider now owns 116,671 shares of the company's stock, valued at $51,850,925.82. This trade represents a 11.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $463.75, for a total transaction of $5,270,982.50. Following the sale, the chief executive officer now directly owns 70,922 shares in the company, valued at $32,890,077.50. The trade was a 13.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is owned by company insiders.

Synopsys 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.