Banque Transatlantique SA Takes Position in Synopsys, Inc. (NASDAQ:SNPS)

Banque Transatlantique SA bought a new stake in Synopsys, Inc. (NASDAQ:SNPS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 283,217 shares of the semiconductor company’s stock, valued at approximately $138,503,000. Synopsys accounts for approximately 3.3% of Banque Transatlantique SA’s portfolio, making the stock its 9th biggest position. Banque Transatlantique SA owned approximately 0.18% of Synopsys at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Kieckhefer Group LLC acquired a new position in Synopsys in the fourth quarter valued at $27,000. Whipplewood Advisors LLC purchased a new position in shares of Synopsys during the fourth quarter worth about $33,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Synopsys in the 4th quarter valued at about $34,000. Sierra Ocean LLC purchased a new stake in Synopsys during the 4th quarter valued at approximately $39,000. Finally, Hazlett Burt & Watson Inc. lifted its position in Synopsys by 28.6% during the 4th 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 period. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SNPS shares. Redburn Atlantic assumed coverage on Synopsys in a report on Monday, January 13th. They issued a “buy” rating and a $600.00 target price on the stock. Stifel Nicolaus set a $550.00 price objective on shares of Synopsys in a research note on Monday, April 28th. Rosenblatt Securities restated a “buy” rating and set a $660.00 price objective on shares of Synopsys in a research report on Tuesday, February 25th. Mizuho lowered their target price on shares of Synopsys from $650.00 to $600.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Finally, Morgan Stanley cut their price target on shares of Synopsys from $625.00 to $590.00 and set an “overweight” rating for the company in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $613.43.

Insider Buying and Selling

In related news, insider Geus Aart De sold 15,705 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 116,671 shares in the company, valued at $51,850,925.82. The trade was a 11.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of the 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Synopsys Trading Up 2.8 %

Shares of SNPS opened at $472.28 on Friday. The firm’s 50-day moving average is $434.61 and its two-hundred day moving average is $489.85. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $624.80. The firm has a market capitalization of $73.02 billion, a P/E 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.