Aptus Capital Advisors LLC Boosts Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Aptus Capital Advisors LLC grew its stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 58.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,288 shares of the semiconductor company's stock after acquiring an additional 841 shares during the quarter. Aptus Capital Advisors LLC's holdings in Synopsys were worth $1,111,000 as of its most recent SEC filing.

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

Synopsys Price Performance

Shares of SNPS traded down $1.81 during trading hours on Friday, hitting $482.69. 571,489 shares of the stock were exchanged, compared to its average volume of 1,100,486. The business has a 50-day moving average of $437.18 and a 200-day moving average of $489.10. Synopsys, Inc. has a fifty-two week low of $365.74 and a fifty-two week high of $624.80. The firm has a market capitalization of $74.63 billion, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 3.23 and a beta of 1.16.

Insider Activity at Synopsys

In other news, CEO Sassine Ghazi sold 11,366 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 70,922 shares of the company's stock, valued at $32,890,077.50. This trade represents a 13.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Geus Aart De sold 15,705 shares of the business's 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 transaction, the insider now owns 116,671 shares in the company, 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. 0.62% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Mizuho dropped their target price on shares of Synopsys from $650.00 to $600.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Piper Sandler decreased their target price on shares of Synopsys from $655.00 to $653.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Bank of America dropped their price target on Synopsys from $630.00 to $560.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Rosenblatt Securities restated a "buy" rating and set a $660.00 price objective on shares of Synopsys in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus set a $550.00 target price on Synopsys in a research report on Monday, April 28th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $613.43.

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.