Jefferies Financial Group Inc. Grows Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

Jefferies Financial Group Inc. grew its holdings in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 35.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,557 shares of the semiconductor company's stock after purchasing an additional 665 shares during the period. Jefferies Financial Group Inc.'s holdings in Synopsys were worth $1,241,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. James Hambro & Partners LLP increased its stake in Synopsys by 30.9% in the fourth quarter. James Hambro & Partners LLP now owns 201,460 shares of the semiconductor company's stock worth $97,725,000 after purchasing an additional 47,527 shares during the period. Janney Capital Management LLC purchased a new stake in Synopsys in the fourth quarter worth $6,082,000. Artemis Investment Management LLP increased its stake in Synopsys by 4.5% in the fourth quarter. Artemis Investment Management LLP now owns 24,878 shares of the semiconductor company's stock worth $12,075,000 after purchasing an additional 1,081 shares during the period. Fiera Capital Corp increased its stake in Synopsys by 33.8% in the fourth quarter. Fiera Capital Corp now owns 196,391 shares of the semiconductor company's stock worth $95,320,000 after purchasing an additional 49,653 shares during the period. Finally, Bancreek Capital Management LP purchased a new stake in Synopsys in the fourth quarter worth $3,827,000. Hedge funds and other institutional investors own 85.47% of the company's stock.

Insider Activity at Synopsys

In related news, CEO Sassine Ghazi sold 11,366 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 70,922 shares of the company's stock, valued at $32,890,077.50. This trade represents a 13.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Geus Aart De sold 15,705 shares of the firm's 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 sale, the insider now directly 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 corporate insiders.

Analyst Upgrades and Downgrades

SNPS has been the topic of a number of recent analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $660.00 target price on shares of Synopsys in a research note on Tuesday, February 25th. Bank of America cut their price target on Synopsys from $630.00 to $560.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler cut their price target on Synopsys from $655.00 to $653.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and set a $650.00 price target on shares of Synopsys in a research note on Thursday, February 27th. Finally, Morgan Stanley cut their price target on Synopsys from $625.00 to $590.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $613.43.

Synopsys Price Performance

Shares of SNPS stock opened at $517.66 on Thursday. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $624.80. The stock's 50-day moving average is $441.07 and its 200 day moving average is $489.43. The company has a market cap of $80.04 billion, a P/E ratio of 35.65, a PEG ratio of 3.23 and a beta of 1.16.

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.

Want to see what other hedge funds are holding SNPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synopsys, Inc. (NASDAQ:SNPS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.