2,268 Shares in Synopsys, Inc. (NASDAQ:SNPS) Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. purchased a new position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,268 shares of the semiconductor company's stock, valued at approximately $1,101,000.

A number of other large investors have also recently made changes to their positions in SNPS. FNY Investment Advisers LLC bought a new stake in shares of Synopsys in the fourth quarter worth approximately $140,000. Accurate Wealth Management LLC grew its position in Synopsys by 14.8% during the fourth quarter. Accurate Wealth Management LLC now owns 939 shares of the semiconductor company's stock valued at $463,000 after buying an additional 121 shares during the period. Floyd Financial Group LLC bought a new stake in Synopsys during the fourth quarter valued at approximately $647,000. CCLA Investment Management grew its position in Synopsys by 22.1% during the fourth quarter. CCLA Investment Management now owns 285,047 shares of the semiconductor company's stock valued at $138,222,000 after buying an additional 51,620 shares during the period. Finally, Board of the Pension Protection Fund bought a new stake in Synopsys during the fourth quarter valued at approximately $1,019,000. 85.47% of the stock is currently owned by institutional investors.

Insider Transactions at Synopsys

In related news, CEO Sassine Ghazi sold 11,366 shares of the company'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 sale, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Geus Aart De sold 15,705 shares of the 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 completion of the sale, the insider now directly owns 116,671 shares in the company, valued at approximately $51,850,925.82. This represents a 11.86% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SNPS. Piper Sandler cut their target price on shares of Synopsys from $655.00 to $653.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Morgan Stanley cut their target price 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. Needham & Company LLC restated a "buy" rating and set a $650.00 target price on shares of Synopsys in a research report on Thursday, February 27th. KeyCorp dropped their price target on shares of Synopsys from $690.00 to $555.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, Mizuho dropped their price target 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. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $613.43.

Synopsys Price Performance

Shares of SNPS stock traded down $0.05 during mid-day trading on Friday, hitting $514.43. The company had a trading volume of 946,601 shares, compared to its average volume of 1,107,910. Synopsys, Inc. has a 52-week low of $365.74 and a 52-week high of $624.80. The stock's 50 day moving average price is $444.44 and its 200-day moving average price is $489.13. The company has a market capitalization of $79.54 billion, a P/E ratio of 35.43, a P/E/G 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.