Synopsys, Inc. (NASDAQ:SNPS) Shares Purchased by GTS Securities LLC

GTS Securities LLC increased its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 350.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,514 shares of the semiconductor company's stock after purchasing an additional 1,178 shares during the quarter. GTS Securities LLC's holdings in Synopsys were worth $735,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vise Technologies Inc. increased its position in Synopsys by 57.4% during the fourth quarter. Vise Technologies Inc. now owns 2,068 shares of the semiconductor company's stock worth $1,004,000 after buying an additional 754 shares during the period. Headinvest LLC increased its holdings in shares of Synopsys by 4.5% in the 4th quarter. Headinvest LLC now owns 819 shares of the semiconductor company's stock valued at $398,000 after acquiring an additional 35 shares during the period. Brown Shipley& Co Ltd raised its position in Synopsys by 26.1% in the 4th quarter. Brown Shipley& Co Ltd now owns 9,795 shares of the semiconductor company's stock valued at $4,754,000 after purchasing an additional 2,025 shares during the last quarter. Harmony Asset Management LLC acquired a new stake in Synopsys during the 4th quarter worth $420,000. Finally, Novem Group purchased a new position in Synopsys during the 4th quarter worth $674,000. 85.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Synopsys

In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 70,922 shares of the company's stock, valued at approximately $32,890,077.50. This trade represents a 13.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Geus Aart De sold 15,705 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $444.42, for a total value of $6,979,616.10. Following the completion of the sale, the insider now owns 116,671 shares in the company, valued at $51,850,925.82. This represents a 11.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company dropped their price target on Synopsys from $540.00 to $520.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 27th. Bank of America dropped their target price on Synopsys from $630.00 to $560.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Rosenblatt Securities decreased their price target on Synopsys from $660.00 to $625.00 and set a "buy" rating for the company in a report on Thursday. Needham & Company LLC reissued a "buy" rating and issued a $650.00 price objective on shares of Synopsys in a research note on Thursday. Finally, KeyCorp set a $575.00 price objective on shares of Synopsys and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $609.64.

Synopsys Price Performance

Synopsys stock traded down $7.44 during mid-day trading on Thursday, reaching $454.99. The company had a trading volume of 4,280,779 shares, compared to its average volume of 1,278,401. The stock's 50-day simple moving average is $453.45 and its 200-day simple moving average is $487.42. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $624.80. The company has a market capitalization of $70.35 billion, a P/E ratio of 31.34, a P/E/G ratio of 3.23 and a beta of 1.16.

Synopsys (NASDAQ:SNPS - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.60 billion. Synopsys had a return on equity of 20.48% and a net margin of 36.12%. Synopsys's quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the business posted $3.00 EPS. On average, equities analysts forecast that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

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.