Slow Capital Inc. Purchases 638 Shares of Synopsys, Inc. $SNPS

Key Points

• Slow Capital Inc. increased its stake in Synopsys, Inc. by 4.1% during the second quarter, owning a total of 16,222 shares valued at $8.3 million.
• Investment analysts have recently downgraded Synopsys’ target prices, with notable reductions from Stifel Nicolaus and Wells Fargo, reflecting a shift in market sentiment.
• Insider activity includes CAO Sudhindra Kankanwadi selling nearly 10,000 shares, while Director Robert G. Painter increased their stake, highlighting mixed insider confidence.

Slow Capital Inc. boosted its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,222 shares of the semiconductor company's stock after purchasing an additional 638 shares during the period. Synopsys comprises 1.0% of Slow Capital Inc.'s portfolio, making the stock its 24th biggest holding. Slow Capital Inc.'s holdings in Synopsys were worth $8,317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its stake in shares of Synopsys by 275.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 44 shares during the period. Saudi Central Bank purchased a new stake in Synopsys during the first quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Synopsys by 441.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company's stock valued at $28,000 after buying an additional 53 shares during the last quarter. Independence Bank of Kentucky raised its position in Synopsys by 120.0% in the second quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 30 shares during the period. Finally, WPG Advisers LLC purchased a new position in shares of Synopsys during the 1st quarter worth $34,000. Hedge funds and other institutional investors own 85.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SNPS shares. Stifel Nicolaus decreased their target price on Synopsys from $650.00 to $550.00 and set a "buy" rating on the stock in a report on Wednesday, September 10th. Baird R W downgraded Synopsys from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 10th. Wells Fargo & Company cut their price objective on Synopsys from $630.00 to $550.00 and set an "equal weight" rating for the company in a research note on Wednesday, September 10th. KeyCorp reduced their target price on shares of Synopsys from $660.00 to $590.00 and set an "overweight" rating for the company in a report on Wednesday, September 10th. Finally, Morgan Stanley lowered their price target on shares of Synopsys from $715.00 to $510.00 and set an "overweight" rating on the stock in a report on Thursday, September 11th. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Synopsys presently has an average rating of "Hold" and a consensus target price of $575.31.

Synopsys Trading Up 1.9%

Shares of SNPS opened at $478.22 on Tuesday. 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 1 year low of $365.74 and a 1 year high of $651.73. The company has a 50 day simple moving average of $556.86 and a two-hundred day simple moving average of $510.43. The firm has a market cap of $88.83 billion, a P/E ratio of 37.54, a price-to-earnings-growth ratio of 5.17 and a beta of 1.10.

Insider Activity at Synopsys

In related news, CAO Sudhindra Kankanwadi sold 9,873 shares of the firm's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $500.90, for a total transaction of $4,945,385.70. Following the completion of the transaction, the chief accounting officer directly owned 20,520 shares of the company's stock, valued at approximately $10,278,468. This trade represents a 32.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert G. Painter purchased 350 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was bought at an average price of $425.44 per share, for a total transaction of $148,904.00. Following the purchase, the director owned 2,291 shares in the company, valued at approximately $974,683.04. This represents a 18.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 30,894 shares of company stock worth $16,760,783 in the last three months. Insiders own 0.62% of the company's stock.

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.

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