Slow Capital Inc. Acquires 638 Shares of Synopsys, Inc. $SNPS

Slow Capital Inc. boosted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 4.1% during the second quarter, Holdings Channel.com reports. The firm owned 16,222 shares of the semiconductor company’s stock after acquiring an additional 638 shares during the period. Synopsys accounts for about 1.0% of Slow Capital Inc.’s portfolio, making the stock its 24th largest position. Slow Capital Inc.’s holdings in Synopsys were worth $8,317,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SNPS. Nuveen LLC bought a new position in shares of Synopsys in the 1st quarter valued at about $341,480,000. Pictet Asset Management Holding SA raised its position in Synopsys by 38.3% during the first quarter. Pictet Asset Management Holding SA now owns 2,432,596 shares of the semiconductor company’s stock valued at $1,043,518,000 after purchasing an additional 673,837 shares during the period. Generation Investment Management LLP purchased a new stake in Synopsys during the first quarter valued at approximately $240,491,000. Vanguard Group Inc. lifted its stake in shares of Synopsys by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 14,829,770 shares of the semiconductor company’s stock valued at $6,359,747,000 after purchasing an additional 346,994 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Synopsys by 22.2% in the 1st quarter. Alliancebernstein L.P. now owns 1,725,211 shares of the semiconductor company’s stock worth $739,857,000 after purchasing an additional 313,218 shares during the period. 85.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on SNPS shares. Mizuho decreased their price target on Synopsys from $700.00 to $600.00 and set an “outperform” rating on the stock in a report on Thursday, September 11th. Rosenblatt Securities reissued a “neutral” rating and issued a $605.00 target price (down previously from $650.00) on shares of Synopsys in a research note on Wednesday, September 10th. Wells Fargo & Company lowered their target price on shares of Synopsys from $630.00 to $550.00 and set an “equal weight” rating for the company in a report on Wednesday, September 10th. Needham & Company LLC cut their price target on shares of Synopsys from $660.00 to $550.00 and set a “buy” rating on the stock in a report on Wednesday, September 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Synopsys from $685.00 to $600.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 10th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $575.31.

Synopsys Trading Up 1.9%

NASDAQ SNPS opened at $478.22 on Tuesday. The stock has a market cap of $88.83 billion, a PE ratio of 37.54, a PEG ratio of 5.17 and a beta of 1.10. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $651.73. The company’s 50-day moving average price is $556.86 and its 200-day moving average price is $510.43. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52.

Insider Activity at Synopsys

In other Synopsys news, CFO Shelagh Glaser sold 3,655 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $609.77, for a total transaction of $2,228,709.35. Following the transaction, the chief financial officer directly owned 15,317 shares in the company, valued at $9,339,847.09. This trade represents a 19.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert G. Painter bought 350 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were purchased at an average cost of $425.44 per share, with a total value of $148,904.00. Following the completion of the transaction, the director owned 2,291 shares in the company, valued at $974,683.04. This represents a 18.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 30,894 shares of company stock valued at $16,760,783. 0.62% of the stock is 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.