Hantz Financial Services Inc. Has $2.58 Million Position in Synopsys, Inc. (NASDAQ:SNPS)

Hantz Financial Services Inc. raised its stake in Synopsys, Inc. (NASDAQ:SNPS) by 13.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,320 shares of the semiconductor company’s stock after buying an additional 643 shares during the quarter. Hantz Financial Services Inc.’s holdings in Synopsys were worth $2,582,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacifica Partners Inc. purchased a new stake in shares of Synopsys during the third quarter worth $25,000. Kieckhefer Group LLC acquired a new position in Synopsys in the 4th quarter worth about $27,000. Tsfg LLC raised its stake in shares of Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 24 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in shares of Synopsys by 40.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 20 shares during the last quarter. Finally, Princeton Global Asset Management LLC bought a new stake in shares of Synopsys in the 3rd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Insider Activity

In related news, CRO Richard S. Mahoney sold 20,838 shares of the company’s 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 transaction, the executive now owns 1,460 shares in the company, valued at $738,774.60. This represents a 93.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SNPS has been the subject of several recent research reports. Redburn Atlantic began coverage on shares of Synopsys in a research report on Monday, January 13th. They issued a “buy” rating and a $600.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $635.00 price objective on shares of Synopsys in a report on Wednesday, December 4th. Needham & Company LLC restated a “buy” rating and set a $640.00 target price on shares of Synopsys in a report on Thursday, December 5th. Wells Fargo & Company decreased their price target on Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Robert W. Baird cut their price objective on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Synopsys presently has an average rating of “Moderate Buy” and a consensus price target of $641.82.

Synopsys Stock Up 2.7 %

NASDAQ:SNPS opened at $526.36 on Friday. The firm has a market cap of $81.36 billion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 3.57 and a beta of 1.12. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38. The company’s 50-day moving average price is $517.68 and its two-hundred day moving average price is $521.54.

Synopsys 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.