Hudson Bay Capital Management LP Has $20.39 Million Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Hudson Bay Capital Management LP boosted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 149.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,008 shares of the semiconductor company’s stock after buying an additional 25,143 shares during the period. Hudson Bay Capital Management LP’s holdings in Synopsys were worth $20,389,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Kieckhefer Group LLC purchased a new stake in shares of Synopsys in the fourth quarter worth approximately $27,000. Whipplewood Advisors LLC purchased a new stake in Synopsys in the 4th quarter worth approximately $33,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Synopsys during the 4th quarter valued at $34,000. Sierra Ocean LLC purchased a new position in shares of Synopsys during the 4th quarter valued at $39,000. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of 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 during the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Synopsys

In related news, insider Geus Aart De sold 15,705 shares of Synopsys stock in a transaction dated 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. 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 available through this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 70,922 shares in the company, valued at $32,890,077.50. This represents a 13.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

SNPS has been the topic of a number of recent research reports. Bank of America lowered their target price on Synopsys from $630.00 to $560.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Piper Sandler dropped their price objective on Synopsys from $655.00 to $653.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $660.00 target price on shares of Synopsys in a research note on Tuesday, February 25th. Stifel Nicolaus set a $550.00 price target on shares of Synopsys in a research note on Monday, April 28th. Finally, Wells Fargo & Company reduced 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. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Synopsys presently has an average rating of “Moderate Buy” and an average target price of $613.43.

Synopsys Stock Performance

NASDAQ SNPS opened at $482.69 on Friday. The stock has a 50-day simple moving average of $437.18 and a 200 day simple moving average of $489.07. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $624.80. The stock has a market capitalization of $74.63 billion, a PE ratio of 33.24, a P/E/G ratio of 3.23 and a beta of 1.16.

Synopsys 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.