Headinvest LLC Purchases 35 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Headinvest LLC increased its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 819 shares of the semiconductor company’s stock after buying an additional 35 shares during the period. Headinvest LLC’s holdings in Synopsys were worth $398,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. James Hambro & Partners LLP lifted its stake in Synopsys by 30.9% in the fourth quarter. James Hambro & Partners LLP now owns 201,460 shares of the semiconductor company’s stock valued at $97,725,000 after buying an additional 47,527 shares during the period. Fiera Capital Corp lifted its position in shares of Synopsys by 33.8% during the 4th quarter. Fiera Capital Corp now owns 196,391 shares of the semiconductor company’s stock valued at $95,320,000 after acquiring an additional 49,653 shares during the period. Bancreek Capital Management LP bought a new position in Synopsys during the fourth quarter worth $3,827,000. Meridiem Investment Management Ltd. boosted its stake in Synopsys by 13.1% during the fourth quarter. Meridiem Investment Management Ltd. now owns 557,174 shares of the semiconductor company’s stock worth $270,322,000 after acquiring an additional 64,322 shares in the last quarter. Finally, Symphony Financial Ltd. Co. grew its holdings in Synopsys by 156.4% in the fourth quarter. Symphony Financial Ltd. Co. now owns 1,059 shares of the semiconductor company’s stock worth $569,000 after purchasing an additional 646 shares during the period. Institutional investors own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

SNPS has been the topic of several research reports. Needham & Company LLC reiterated a “buy” rating and set a $650.00 price objective on shares of Synopsys in a report on Thursday, February 27th. Piper Sandler cut their price target on Synopsys from $655.00 to $653.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Stifel Nicolaus set a $550.00 price objective on Synopsys in a report on Monday, April 28th. Mizuho cut their target price on Synopsys from $650.00 to $600.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Finally, Wells Fargo & Company reduced their price target 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. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $614.86.

Synopsys Price Performance

SNPS opened at $503.48 on Friday. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $624.80. The company has a market capitalization of $77.85 billion, a price-to-earnings ratio of 34.67, a P/E/G ratio of 3.23 and a beta of 1.16. The firm’s fifty day moving average price is $449.95 and its two-hundred day moving average price is $489.07.

Insider Activity at Synopsys

In other Synopsys news, insider Geus Aart De sold 15,705 shares of Synopsys stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the transaction, the insider now owns 116,671 shares of the company’s stock, valued at $51,850,925.82. This trade represents a 11.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction that occurred 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. The trade was a 13.81% decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

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.