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

Ownership Capital B.V. lessened its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 28.5% in the fourth quarter, according to its most recent filing with the SEC. The firm 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 position. Ownership Capital B.V.’s holdings in Synopsys were worth $166,981,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of Synopsys by 8.9% in the 3rd quarter. FMR LLC now owns 4,032,059 shares of the semiconductor company’s stock worth $1,850,594,000 after buying an additional 330,206 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Synopsys by 20.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,041,275 shares of the semiconductor company’s stock worth $925,744,000 after buying an additional 344,430 shares in the last quarter. Northern Trust Corp raised its stake in shares of Synopsys by 4.9% in the 3rd quarter. Northern Trust Corp now owns 1,687,602 shares of the semiconductor company’s stock worth $774,559,000 after buying an additional 78,848 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Synopsys by 4.3% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 885,083 shares of the semiconductor company’s stock worth $406,227,000 after buying an additional 36,470 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Synopsys by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 826,010 shares of the semiconductor company’s stock worth $379,114,000 after buying an additional 7,294 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity at Synopsys

In other Synopsys news, insider John F. Runkel, Jr. sold 5,319 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $579.37, for a total value of $3,081,669.03. Following 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 Securities & Exchange Commission, which is accessible through the SEC website. In other Synopsys news, insider John F. Runkel, Jr. sold 5,319 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $579.37, for a total value of $3,081,669.03. Following 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sassine Ghazi sold 10,294 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $577.51, for a total value of $5,944,887.94. Following the completion of the transaction, the chief executive officer now owns 61,863 shares in the company, valued at approximately $35,726,501.13. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,832 shares of company stock valued at $15,464,992. Company insiders own 0.66% of the company’s stock.

Synopsys Stock Performance

NASDAQ:SNPS traded up $13.55 during trading hours on Friday, hitting $543.66. 997,562 shares of the company’s 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 P/E/G ratio of 3.10 and a beta of 1.06. Synopsys, Inc. has a twelve month low of $362.06 and a twelve month high of $629.38. The stock’s fifty day moving average price is $563.73 and its two-hundred day moving average price is $535.97.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.13. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm earned $1.75 earnings per share. On average, equities research analysts predict that Synopsys, Inc. will post 9.78 earnings per share for the current year.

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.