2,061 Shares in Synopsys, Inc. (NASDAQ:SNPS) Bought by Oxford Asset Management LLP

Oxford Asset Management LLP bought a new position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,061 shares of the semiconductor company's stock, valued at approximately $1,000,000.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Synopsys during the fourth quarter worth about $583,608,000. Price T Rowe Associates Inc. MD increased its position in Synopsys by 21.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,902,696 shares of the semiconductor company's stock worth $2,864,933,000 after buying an additional 1,045,326 shares in the last quarter. Capital Research Global Investors purchased a new stake in shares of Synopsys in the fourth quarter valued at $239,864,000. Raymond James Financial Inc. purchased a new stake in Synopsys during the 4th quarter worth about $199,065,000. Finally, Proficio Capital Partners LLC lifted its holdings in Synopsys by 71,578.5% in the 4th quarter. Proficio Capital Partners LLC now owns 386,347 shares of the semiconductor company's stock valued at $187,517,000 after purchasing an additional 385,808 shares in the last quarter. Hedge funds and other institutional investors own 85.47% of the company's stock.

Analyst Ratings Changes

SNPS has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $650.00 target price on shares of Synopsys in a research note on Thursday, February 27th. KeyCorp reduced their target price on Synopsys from $690.00 to $555.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company dropped their price objective on shares of Synopsys from $540.00 to $520.00 and set an "equal weight" rating for the company in a research note on Thursday, February 27th. Morgan Stanley decreased their target price on shares of Synopsys from $625.00 to $590.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. Finally, Stifel Nicolaus set a $550.00 price target on shares of Synopsys in a research note on Monday. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $613.43.

Synopsys Price Performance

Synopsys stock traded down $1.76 during midday trading on Wednesday, hitting $459.01. 1,337,790 shares of the company were exchanged, compared to its average volume of 1,283,409. The company has a market cap of $70.97 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 3.23 and a beta of 1.23. Synopsys, Inc. has a fifty-two week low of $365.74 and a fifty-two week high of $624.80. The company's fifty day moving average price is $434.86 and its 200-day moving average price is $491.06.

Insider Activity

In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction that occurred on 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 directly owns 70,922 shares in the company, valued at $32,890,077.50. The trade was a 13.81 % decrease in their position. The transaction 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 firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the sale, the insider now directly owns 116,671 shares of the company's stock, valued at $51,850,925.82. The trade was 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.

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.