Sender Co & Partners Inc. Has $3.30 Million Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

Sender Co & Partners Inc. boosted its stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 698.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,801 shares of the semiconductor company's stock after purchasing an additional 5,949 shares during the quarter. Synopsys comprises about 3.0% of Sender Co & Partners Inc.'s holdings, making the stock its 9th biggest position. Sender Co & Partners Inc.'s holdings in Synopsys were worth $3,301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of SNPS. Whipplewood Advisors LLC bought a new position in Synopsys in the fourth quarter worth approximately $33,000. Pilgrim Partners Asia Pte Ltd bought a new position in Synopsys in the fourth quarter worth approximately $34,000. Sierra Ocean LLC bought a new position in Synopsys in the fourth quarter worth approximately $39,000. Hazlett Burt & Watson Inc. boosted its holdings in Synopsys by 28.6% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company's stock worth $44,000 after acquiring an additional 20 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Synopsys by 50.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 98 shares of the semiconductor company's stock worth $48,000 after acquiring an additional 33 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Geus Aart De sold 15,705 shares of Synopsys stock in a transaction 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 completion of the sale, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $463.75, for a total value of $5,270,982.50. Following 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 disclosure for this sale can be found here. 0.62% of the stock is owned by company insiders.

Synopsys Trading Down 0.1%

Shares of NASDAQ SNPS traded down $0.40 during mid-day trading on Tuesday, hitting $515.61. The company had a trading volume of 740,736 shares, compared to its average volume of 1,107,857. The company has a market capitalization of $79.72 billion, a price-to-earnings ratio of 35.51, a P/E/G ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $624.80. The stock's 50-day moving average price is $446.11 and its 200-day moving average price is $488.94.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. KeyCorp raised their target price on Synopsys from $555.00 to $575.00 and gave the company an "overweight" rating in a report on Tuesday. Needham & Company LLC restated a "buy" rating and issued a $650.00 target price on shares of Synopsys in a report on Thursday, February 27th. Stifel Nicolaus set a $550.00 target price on Synopsys in a report on Monday, April 28th. Morgan Stanley dropped their target price on Synopsys from $625.00 to $590.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $660.00 target price on shares of Synopsys in a report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $614.86.

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.