Triglav Skladi D.O.O. Takes Position in Synopsys, Inc. (NASDAQ:SNPS)

Triglav Skladi D.O.O. acquired a new stake in Synopsys, Inc. (NASDAQ:SNPS) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 3,405 shares of the semiconductor company’s stock, valued at approximately $1,653,000.

Other large investors have also modified their holdings of the company. Whipplewood Advisors LLC acquired a new stake in shares of Synopsys in the fourth quarter valued at approximately $33,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Synopsys in the fourth quarter valued at approximately $34,000. Sierra Ocean LLC acquired a new stake in shares of Synopsys in the fourth quarter valued at approximately $39,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of Synopsys by 28.6% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 20 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Synopsys by 50.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 98 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 33 shares during the period. 85.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Sassine Ghazi sold 11,366 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $463.75, for a total value of $5,270,982.50. Following the completion of the transaction, the chief executive officer now owns 70,922 shares in the company, valued at $32,890,077.50. This trade represents a 13.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Geus Aart De sold 15,705 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $444.42, for a total value of $6,979,616.10. Following the completion of the transaction, the insider now owns 116,671 shares of the company’s stock, valued at approximately $51,850,925.82. This represents a 11.86% decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SNPS has been the subject of several recent research reports. Morgan Stanley decreased their price target on Synopsys from $625.00 to $590.00 and set an “overweight” rating for the company in a report on Monday, February 24th. KeyCorp decreased their price target on Synopsys from $690.00 to $555.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $650.00 price target on shares of Synopsys in a report on Thursday, February 27th. Wells Fargo & Company decreased their price target on Synopsys from $540.00 to $520.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. Finally, Bank of America decreased their price target on Synopsys from $630.00 to $560.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. One equities research 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $613.43.

Synopsys Stock Performance

NASDAQ:SNPS opened at $514.43 on Monday. The stock has a fifty day moving average price of $444.44 and a two-hundred day moving average price of $488.96. The stock has a market capitalization of $79.54 billion, a price-to-earnings ratio of 35.43, a PEG 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.

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.