Synopsys, Inc. (NASDAQ:SNPS) Stock Position Decreased by Bain Capital Public Equity Management II LLC

Bain Capital Public Equity Management II LLC lowered its stake in Synopsys, Inc. (NASDAQ:SNPS) by 73.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,773 shares of the semiconductor company’s stock after selling 101,930 shares during the quarter. Synopsys makes up 0.8% of Bain Capital Public Equity Management II LLC’s investment portfolio, making the stock its 25th largest holding. Bain Capital Public Equity Management II LLC’s holdings in Synopsys were worth $18,334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of SNPS. Bain Capital Public Equity LP boosted its position in shares of Synopsys by 11.9% in the fourth quarter. Bain Capital Public Equity LP now owns 6,305 shares of the semiconductor company’s stock worth $3,060,000 after buying an additional 670 shares during the period. Baird Financial Group Inc. lifted its stake in Synopsys by 24.6% in the 4th quarter. Baird Financial Group Inc. now owns 9,048 shares of the semiconductor company’s stock worth $4,392,000 after acquiring an additional 1,787 shares in the last quarter. Banque Transatlantique SA acquired a new stake in Synopsys during the 4th quarter worth about $138,503,000. Banque de Luxembourg S.A. purchased a new position in Synopsys during the 4th quarter valued at about $6,237,000. Finally, BNP Paribas increased its holdings in shares of Synopsys by 54.4% in the 4th quarter. BNP Paribas now owns 32,010 shares of the semiconductor company’s stock valued at $15,537,000 after purchasing an additional 11,274 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Mizuho dropped their price target on shares of Synopsys from $650.00 to $600.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Bank of America reduced their price target on Synopsys from $630.00 to $560.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Redburn Atlantic initiated coverage on Synopsys in a report on Monday, January 13th. They set a “buy” rating and a $600.00 price objective on the stock. KeyCorp reduced their target price on Synopsys from $690.00 to $555.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Finally, Stifel Nicolaus set a $550.00 price target on Synopsys in a report on Monday, April 28th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $613.43.

Insider Buying and Selling at Synopsys

In other news, insider Geus Aart De sold 15,705 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of the company’s stock in a transaction dated 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 directly owns 70,922 shares in the company, valued at approximately $32,890,077.50. The trade was a 13.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Synopsys Stock Performance

NASDAQ SNPS opened at $472.28 on Friday. The firm has a 50-day simple moving average of $434.61 and a 200 day simple moving average of $489.85. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $624.80. The stock has a market cap of $73.02 billion, a PE ratio of 32.53, a PEG ratio of 3.23 and a beta of 1.23.

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.