Synopsys, Inc. (NASDAQ:SNPS) Stock Holdings Increased by Financial Counselors Inc.

Financial Counselors Inc. boosted its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 6.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 32,489 shares of the semiconductor company’s stock after acquiring an additional 1,872 shares during the period. Financial Counselors Inc.’s holdings in Synopsys were worth $15,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Kieckhefer Group LLC bought a new stake in shares of Synopsys during the 4th quarter valued at about $27,000. Whipplewood Advisors LLC acquired a new position in Synopsys in the fourth quarter valued at approximately $33,000. Sierra Ocean LLC bought a new position in shares of Synopsys during the fourth quarter valued at approximately $39,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Synopsys during the 4th quarter worth approximately $51,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Synopsys by 109.3% in the 4th quarter. Versant Capital Management Inc now owns 113 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.

Insider Activity at Synopsys

In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of the company’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 transaction, the chief executive officer now owns 70,922 shares of the company’s stock, valued at approximately $32,890,077.50. This represents a 13.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Geus Aart De sold 15,705 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $444.42, for a total value of $6,979,616.10. Following the sale, the insider now directly owns 116,671 shares of the company’s stock, valued at approximately $51,850,925.82. This represents a 11.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,909 shares of company stock valued at $22,794,835 over the last 90 days. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SNPS shares. Rosenblatt Securities restated a “buy” rating and set a $660.00 price objective on shares of Synopsys in a research note on Tuesday, February 25th. Morgan Stanley cut their price objective on shares of Synopsys from $625.00 to $590.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Wells Fargo & Company decreased their target price on shares of Synopsys from $540.00 to $520.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. Piper Sandler dropped their price target on shares of Synopsys from $655.00 to $653.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Finally, Robert W. Baird reduced their price objective on Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $638.58.

Synopsys Stock Performance

Shares of NASDAQ SNPS opened at $457.23 on Wednesday. Synopsys, Inc. has a 1 year low of $425.73 and a 1 year high of $624.80. The stock has a fifty day moving average price of $489.94 and a two-hundred day moving average price of $506.26. The firm has a market cap of $70.70 billion, a P/E ratio of 31.49, a PEG ratio of 3.23 and a beta of 1.16.

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.