Teza Capital Management LLC Raises Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Teza Capital Management LLC raised its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 462.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,553 shares of the semiconductor company's stock after buying an additional 2,099 shares during the period. Teza Capital Management LLC's holdings in Synopsys were worth $1,239,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Merit Financial Group LLC lifted its holdings in Synopsys by 2,308.7% in the 4th quarter. Merit Financial Group LLC now owns 15,006 shares of the semiconductor company's stock valued at $7,283,000 after purchasing an additional 14,383 shares in the last quarter. HB Wealth Management LLC boosted its position in Synopsys by 2.0% during the fourth quarter. HB Wealth Management LLC now owns 3,172 shares of the semiconductor company's stock worth $1,540,000 after acquiring an additional 63 shares during the last quarter. Smith Salley Wealth Management grew its stake in Synopsys by 8.1% during the 4th quarter. Smith Salley Wealth Management now owns 2,569 shares of the semiconductor company's stock valued at $1,247,000 after acquiring an additional 193 shares in the last quarter. Moss Adams Wealth Advisors LLC acquired a new stake in Synopsys in the 4th quarter valued at about $246,000. Finally, Bowman & Co S.C. purchased a new position in Synopsys in the 4th quarter worth approximately $334,000. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SNPS has been the subject of several recent research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $650.00 price target on shares of Synopsys in a report on Thursday, February 27th. Stifel Nicolaus set a $550.00 target price on Synopsys in a research note on Monday, April 28th. Rosenblatt Securities reissued a "buy" rating and issued a $660.00 price objective on shares of Synopsys in a report on Tuesday, February 25th. Mizuho cut their price objective on shares of Synopsys from $650.00 to $600.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, KeyCorp boosted their target price on shares of Synopsys from $555.00 to $575.00 and gave the company an "overweight" rating in a report on Tuesday. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Synopsys currently has an average rating of "Moderate Buy" and a consensus price target of $614.86.

Insider Buying and Selling

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

Synopsys Stock Up 0.4%

Synopsys stock traded up $2.02 during mid-day trading on Thursday, reaching $503.48. 774,882 shares of the company's stock were exchanged, compared to its average volume of 1,107,672. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $624.80. The company has a market cap of $77.85 billion, a P/E ratio of 34.67, a P/E/G ratio of 3.23 and a beta of 1.16. The company has a fifty day moving average of $448.95 and a 200-day moving average of $489.21.

About Synopsys

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.