Twinbeech Capital LP Has $43.69 Million Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Twinbeech Capital LP trimmed its position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 29.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,013 shares of the semiconductor company's stock after selling 37,778 shares during the quarter. Twinbeech Capital LP owned 0.06% of Synopsys worth $43,689,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SNPS. Whipplewood Advisors LLC acquired a new stake in shares of Synopsys during the fourth quarter worth $33,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Synopsys during the fourth quarter worth $34,000. Sierra Ocean LLC acquired a new stake in shares of Synopsys during the fourth quarter worth $39,000. Hazlett Burt & Watson Inc. raised its holdings in shares of Synopsys by 28.6% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company's stock worth $44,000 after acquiring an additional 20 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC increased its stake 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 during the last quarter. 85.47% of the stock is owned by institutional investors.

Synopsys Stock Performance

Shares of SNPS stock traded up $2.02 during midday trading on Thursday, hitting $503.48. 774,882 shares of the company were exchanged, compared to its average volume of 1,108,028. Synopsys, Inc. has a 52 week low of $365.74 and a 52 week high of $624.80. The firm's 50 day moving average price is $448.95 and its two-hundred day moving average price is $489.21. The firm has a market capitalization of $77.85 billion, a P/E ratio of 34.67, a PEG ratio of 3.23 and a beta of 1.16.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Bank of America lowered their price target on shares of Synopsys from $630.00 to $560.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Mizuho lowered their price target on shares of Synopsys from $650.00 to $600.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company lowered their price target on shares of Synopsys from $540.00 to $520.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 27th. Morgan Stanley lowered their price target on shares of Synopsys from $625.00 to $590.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $660.00 price target on shares of Synopsys in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, Synopsys has an average rating of "Moderate Buy" and an average price target of $614.86.

Insider Activity

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

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.