Ninety One UK Ltd Has $226.19 Million Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

Ninety One UK Ltd lessened its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 439,281 shares of the semiconductor company's stock after selling 43,622 shares during the quarter. Ninety One UK Ltd owned approximately 0.29% of Synopsys worth $226,190,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Dock Street Asset Management Inc. raised its holdings in Synopsys by 0.4% during the fourth quarter. Dock Street Asset Management Inc. now owns 22,154 shares of the semiconductor company's stock valued at $11,407,000 after buying an additional 91 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Synopsys by 4.9% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,656 shares of the semiconductor company's stock valued at $1,881,000 after acquiring an additional 172 shares during the last quarter. Rakuten Securities Inc. bought a new position in shares of Synopsys in the 4th quarter valued at approximately $651,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Synopsys by 5.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 281,206 shares of the semiconductor company's stock worth $144,796,000 after purchasing an additional 13,541 shares during the last quarter. Finally, Signet Financial Management LLC boosted its position in Synopsys by 0.6% during the fourth quarter. Signet Financial Management LLC now owns 4,392 shares of the semiconductor company's stock worth $2,261,000 after purchasing an additional 25 shares during the period. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SNPS shares. StockNews.com raised shares of Synopsys from a "hold" rating to a "buy" rating in a research report on Monday, March 18th. Needham & Company LLC reissued a "buy" rating and set a $660.00 target price on shares of Synopsys in a research report on Friday, March 22nd. Piper Sandler assumed coverage on Synopsys in a research report on Thursday, April 4th. They issued an "overweight" rating and a $665.00 price target on the stock. Robert W. Baird lifted their price objective on Synopsys from $624.00 to $640.00 and gave the stock an "outperform" rating in a research note on Thursday, February 22nd. Finally, Rosenblatt Securities restated a "buy" rating and set a $615.00 target price on shares of Synopsys in a research note on Thursday, March 21st. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $601.00.

Insider Activity at Synopsys

In other Synopsys news, insider John F. Runkel, Jr. sold 5,319 shares of the firm's stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $579.37, for a total transaction of $3,081,669.03. Following the completion of the transaction, the insider now owns 20,000 shares in the company, valued at $11,587,400. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider John F. Runkel, Jr. sold 1,219 shares of the business's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $583.95, for a total value of $711,835.05. Following the sale, the insider now owns 26,780 shares in the company, valued at approximately $15,638,181. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John F. Runkel, Jr. sold 5,319 shares of the company's stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $579.37, for a total transaction of $3,081,669.03. Following the completion of the sale, the insider now directly owns 20,000 shares in the company, valued at approximately $11,587,400. The disclosure for this sale can be found here. Insiders have sold a total of 26,832 shares of company stock valued at $15,464,992 over the last quarter. 0.66% of the stock is owned by company insiders.

Synopsys Trading Down 1.5 %

SNPS traded down $7.87 on Thursday, hitting $519.71. 1,177,596 shares of the stock traded hands, compared to its average volume of 1,242,956. The business has a fifty day moving average price of $568.97 and a two-hundred day moving average price of $533.52. Synopsys, Inc. has a 52 week low of $360.36 and a 52 week high of $629.38. The firm has a market capitalization of $79.26 billion, a PE ratio of 58.10, a P/E/G ratio of 3.16 and a beta of 1.06.

Synopsys (NASDAQ:SNPS - Get Free Report) last issued its earnings results on Wednesday, February 21st. The semiconductor company reported $3.56 EPS for the quarter, topping the consensus estimate of $3.43 by $0.13. The firm had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.65 billion. Synopsys had a return on equity of 22.88% and a net margin of 22.96%. Synopsys's quarterly revenue was up 21.1% compared to the same quarter last year. During the same period last year, the business earned $1.75 earnings per share. On average, equities research analysts forecast that Synopsys, Inc. will post 9.78 EPS for the current fiscal year.

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.