Synopsys, Inc. (NASDAQ:SNPS) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC increased its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 20.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,276 shares of the semiconductor company’s stock after acquiring an additional 1,732 shares during the quarter. Park Avenue Securities LLC’s holdings in Synopsys were worth $4,988,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in Synopsys by 16.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 303,784 shares of the semiconductor company’s stock worth $180,779,000 after acquiring an additional 43,785 shares in the last quarter. Mesirow Financial Investment Management Inc. acquired a new position in Synopsys in the second quarter worth about $203,000. Bradley Foster & Sargent Inc. CT increased its holdings in Synopsys by 13.4% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 12,090 shares of the semiconductor company’s stock valued at $7,194,000 after buying an additional 1,430 shares during the last quarter. Argent Trust Co raised its stake in Synopsys by 12.1% during the second quarter. Argent Trust Co now owns 464 shares of the semiconductor company’s stock valued at $276,000 after buying an additional 50 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in Synopsys by 3.5% during the 2nd quarter. Blair William & Co. IL now owns 43,443 shares of the semiconductor company’s stock worth $25,851,000 after buying an additional 1,451 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SNPS shares. Needham & Company LLC reissued a “buy” rating and set a $640.00 price target on shares of Synopsys in a research report on Thursday, December 5th. Piper Sandler decreased their price target on shares of Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Loop Capital initiated coverage on shares of Synopsys in a research report on Monday, November 11th. They set a “buy” rating and a $675.00 price objective for the company. Rosenblatt Securities reissued a “buy” rating and issued a $635.00 target price on shares of Synopsys in a report on Wednesday, December 4th. Finally, Mizuho started coverage on Synopsys in a report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 target price for the company. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Synopsys currently has a consensus rating of “Moderate Buy” and a consensus price target of $641.82.

Synopsys Price Performance

Shares of SNPS stock opened at $515.81 on Friday. Synopsys, Inc. has a 12-month low of $457.52 and a 12-month high of $629.38. The firm has a market capitalization of $79.73 billion, a price-to-earnings ratio of 35.52, a price-to-earnings-growth ratio of 3.22 and a beta of 1.12. The business has a 50 day simple moving average of $521.29 and a 200 day simple moving average of $527.29.

Insiders Place Their Bets

In related news, CRO Richard S. Mahoney sold 20,838 shares of Synopsys stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the sale, the executive now directly owns 1,460 shares in the company, valued at $738,774.60. The trade was a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is currently owned by insiders.

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.