Lionshead Wealth Management LLC Takes $560,000 Position in Synopsys, Inc. (NASDAQ:SNPS)

Lionshead Wealth Management LLC purchased a new stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,153 shares of the semiconductor company's stock, valued at approximately $560,000.

Other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Synopsys by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,998 shares of the semiconductor company's stock valued at $9,620,000 after buying an additional 264 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of Synopsys by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,691 shares of the semiconductor company's stock valued at $821,000 after buying an additional 41 shares during the period. Graypoint LLC raised its holdings in shares of Synopsys by 2.9% in the 4th quarter. Graypoint LLC now owns 1,100 shares of the semiconductor company's stock valued at $534,000 after buying an additional 31 shares during the period. Czech National Bank raised its holdings in shares of Synopsys by 6.7% in the 4th quarter. Czech National Bank now owns 33,307 shares of the semiconductor company's stock valued at $16,166,000 after buying an additional 2,096 shares during the period. Finally, Kieckhefer Group LLC purchased a new stake in shares of Synopsys in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 85.47% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SNPS shares. Mizuho cut their price objective on Synopsys from $650.00 to $600.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Stifel Nicolaus set a $550.00 price target on Synopsys in a report on Monday, April 28th. Rosenblatt Securities restated a "buy" rating and set a $660.00 price target on shares of Synopsys in a report on Tuesday, February 25th. Morgan Stanley cut their price target on Synopsys from $625.00 to $590.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Finally, KeyCorp cut their price target on Synopsys from $690.00 to $555.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $613.43.

Synopsys Stock Performance

SNPS opened at $482.69 on Monday. Synopsys, Inc. has a one year low of $365.74 and a one year high of $624.80. The company has a market cap of $74.63 billion, a P/E ratio of 33.24, a PEG ratio of 3.23 and a beta of 1.16. The business's 50-day simple moving average is $437.18 and its 200-day simple moving average is $489.02.

Insider Activity

In related news, CEO Sassine Ghazi sold 11,366 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 70,922 shares of the company's stock, valued at $32,890,077.50. This represents a 13.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Geus Aart De sold 15,705 shares of the company'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 completion of the sale, the insider now directly owns 116,671 shares of the company's stock, valued at approximately $51,850,925.82. This trade represents a 11.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.62% of the company's stock.

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.

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