Synopsys, Inc. (NASDAQ:SNPS) Shares Sold by Ownership Capital B.V.

Ownership Capital B.V. reduced its position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 28.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 324,291 shares of the semiconductor company's stock after selling 129,483 shares during the quarter. Synopsys comprises approximately 3.7% of Ownership Capital B.V.'s holdings, making the stock its 14th largest holding. Ownership Capital B.V. owned 0.21% of Synopsys worth $166,981,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fred Alger Management LLC raised its holdings in Synopsys by 1.8% during the 3rd quarter. Fred Alger Management LLC now owns 1,150 shares of the semiconductor company's stock valued at $528,000 after buying an additional 20 shares during the period. UMB Bank n.a. raised its holdings in Synopsys by 1.3% during the 3rd quarter. UMB Bank n.a. now owns 1,719 shares of the semiconductor company's stock valued at $789,000 after buying an additional 22 shares during the period. Obermeyer Wood Investment Counsel Lllp raised its holdings in Synopsys by 2.6% during the 3rd quarter. Obermeyer Wood Investment Counsel Lllp now owns 859 shares of the semiconductor company's stock valued at $394,000 after buying an additional 22 shares during the period. Synovus Financial Corp increased its stake in Synopsys by 0.7% in the third quarter. Synovus Financial Corp now owns 3,370 shares of the semiconductor company's stock worth $1,547,000 after purchasing an additional 23 shares during the period. Finally, CENTRAL TRUST Co increased its stake in Synopsys by 4.0% in the third quarter. CENTRAL TRUST Co now owns 653 shares of the semiconductor company's stock worth $300,000 after purchasing an additional 25 shares during the period. 85.47% of the stock is currently owned by institutional investors.

Insider Activity at Synopsys

In related news, Director Marc N. Casper acquired 750 shares of the company's stock in a transaction that occurred on Monday, March 25th. The shares were bought at an average price of $585.45 per share, with a total value of $439,087.50. Following the completion of the transaction, the director now directly owns 1,736 shares in the company, valued at $1,016,341.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Marc N. Casper acquired 750 shares of the company's stock in a transaction that occurred on Monday, March 25th. The shares were bought at an average price of $585.45 per share, with a total value of $439,087.50. Following the completion of the transaction, the director now directly owns 1,736 shares in the company, valued at $1,016,341.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John F. Runkel, Jr. sold 1,219 shares of the firm's stock in a transaction dated 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 directly owns 26,780 shares in the company, valued at approximately $15,638,181. 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 corporate insiders.

Wall Street Analysts Forecast Growth

SNPS has been the topic of a number of recent analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $615.00 target price on shares of Synopsys in a research note on Thursday, March 21st. StockNews.com upgraded Synopsys from a "hold" rating to a "buy" rating in a research note on Monday, March 18th. Robert W. Baird increased their target price on Synopsys from $624.00 to $640.00 and gave the stock an "outperform" rating in a research note on Thursday, February 22nd. Piper Sandler initiated coverage on Synopsys in a research note on Thursday, April 4th. They issued an "overweight" rating and a $665.00 target price on the stock. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $660.00 target price on shares of Synopsys in a research note on Friday, March 22nd. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $601.00.

Synopsys Trading Up 2.6 %

Shares of Synopsys stock traded up $13.55 during trading on Friday, hitting $543.66. 997,562 shares of the stock traded hands, compared to its average volume of 908,153. The firm has a market cap of $82.91 billion, a P/E ratio of 59.87, a price-to-earnings-growth ratio of 3.10 and a beta of 1.06. Synopsys, Inc. has a 52-week low of $362.06 and a 52-week high of $629.38. The stock's fifty day simple moving average is $563.73 and its 200 day simple moving average is $536.29.

Synopsys (NASDAQ:SNPS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $3.56 EPS for the quarter, beating the consensus estimate of $3.43 by $0.13. Synopsys had a return on equity of 22.88% and a net margin of 22.96%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm posted $1.75 earnings per share. The business's revenue for the quarter was up 21.1% on a year-over-year basis. As a group, equities analysts expect that Synopsys, Inc. will post 9.78 EPS for the current year.

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.