Synopsys, Inc. $SNPS Shares Acquired by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Synopsys, Inc. by 31.8% during the 1st quarter, now owning 128,751 shares valued at approximately $55.2 million.
• Several institutional investors made significant adjustments to their positions in Synopsys, with 85.47% of the stock currently owned by hedge funds and other institutions.
• Synopsys reported $3.67 EPS in its latest quarterly earnings, exceeding estimates and indicating a 10.3% revenue increase compared to the previous year.

B. Metzler seel. Sohn & Co. AG increased its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 31.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 128,751 shares of the semiconductor company's stock after buying an additional 31,071 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned about 0.08% of Synopsys worth $55,215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SNPS. Cornerstone Planning Group LLC raised 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 valued at $25,000 after acquiring an additional 44 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its holdings in Synopsys by 441.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 53 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in Synopsys in the 4th quarter valued at $29,000. Cloud Capital Management LLC acquired a new stake in Synopsys in the 1st quarter valued at $36,000. Finally, Meeder Asset Management Inc. increased its holdings in Synopsys by 33.3% in the 1st quarter. Meeder Asset Management Inc. now owns 104 shares of the semiconductor company's stock valued at $45,000 after purchasing an additional 26 shares in the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.

Synopsys Price Performance

Shares of NASDAQ:SNPS opened at $596.00 on Wednesday. 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 fifty-two week low of $365.74 and a fifty-two week high of $651.73. The firm has a 50-day simple moving average of $575.05 and a 200 day simple moving average of $501.69. The company has a market cap of $92.48 billion, a PE ratio of 43.03, a P/E/G ratio of 3.92 and a beta of 1.15.

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

Wall Street Analysts Forecast Growth

SNPS has been the subject of several recent research reports. Morgan Stanley reiterated an "overweight" rating and issued a $715.00 price target (up from $540.00) on shares of Synopsys in a report on Monday, August 11th. The Goldman Sachs Group assumed coverage on shares of Synopsys in a research report on Thursday, July 10th. They issued a "buy" rating and a $620.00 price objective for the company. Bank of America upped their price objective on shares of Synopsys from $575.00 to $625.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Needham & Company LLC reissued a "buy" rating and issued a $660.00 price objective (up from $650.00) on shares of Synopsys in a research report on Tuesday, July 15th. Finally, Wells Fargo & Company reissued a "positive" rating on shares of Synopsys in a research report on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $626.79.

Insider Buying and Selling at Synopsys

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