Triglav Skladi D.O.O. Acquires New Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Triglav Skladi D.O.O. acquired a new position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,405 shares of the semiconductor company's stock, valued at approximately $1,653,000.

A number of other large investors have also modified their holdings of the company. Whipplewood Advisors LLC bought a new position in Synopsys in the 4th quarter valued at about $33,000. Pilgrim Partners Asia Pte Ltd bought a new position in Synopsys in the 4th quarter valued at about $34,000. Sierra Ocean LLC bought a new position in Synopsys in the 4th quarter valued at about $39,000. Hazlett Burt & Watson Inc. grew its position in Synopsys by 28.6% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company's stock valued at $44,000 after buying an additional 20 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its position in Synopsys by 50.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 98 shares of the semiconductor company's stock valued at $48,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company's stock.

Analyst Upgrades and Downgrades

SNPS has been the subject of a number of recent analyst reports. Bank of America decreased their target price 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. Wells Fargo & Company decreased their target price 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 restated a "buy" rating and set a $660.00 price objective on shares of Synopsys in a research report on Tuesday, February 25th. Morgan Stanley reduced their price objective on shares of Synopsys from $625.00 to $590.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Finally, Needham & Company LLC restated a "buy" rating and set a $650.00 price objective on shares of Synopsys in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Synopsys currently has a consensus rating of "Moderate Buy" and a consensus target price of $614.86.

Synopsys Trading Down 0.9%

Shares of SNPS traded down $4.63 during midday trading on Friday, hitting $498.85. The stock had a trading volume of 670,031 shares, compared to its average volume of 1,103,769. Synopsys, Inc. has a fifty-two week low of $365.74 and a fifty-two week high of $624.80. The business has a 50-day simple moving average of $450.97 and a two-hundred day simple moving average of $488.91. The firm has a market cap of $77.13 billion, a P/E ratio of 34.36, a price-to-earnings-growth ratio of 3.23 and a beta of 1.16.

Insider Transactions at Synopsys

In other Synopsys news, insider Geus Aart De sold 15,705 shares of Synopsys stock in a transaction on Thursday, March 6th. The shares were 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 in the company, valued at $51,850,925.82. The trade was a 11.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sassine Ghazi sold 11,366 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $463.75, for a total transaction of $5,270,982.50. Following the completion of the sale, the chief executive officer now owns 70,922 shares in the company, valued at $32,890,077.50. This represents a 13.81% decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

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.