Pitti Group Wealth Management LLC acquired a new stake in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 450 shares of the semiconductor company’s stock, valued at approximately $218,000.
A number of other hedge funds have also recently modified their holdings of the business. GSA Capital Partners LLP purchased a new stake in Synopsys in the 3rd quarter worth $467,000. OneDigital Investment Advisors LLC grew its holdings in Synopsys by 28.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,581 shares of the semiconductor company’s stock valued at $1,307,000 after purchasing an additional 575 shares during the last quarter. Empowered Funds LLC grew its stake in Synopsys by 13.2% in the 3rd quarter. Empowered Funds LLC now owns 7,254 shares of the semiconductor company’s stock worth $3,673,000 after acquiring an additional 844 shares in the last quarter. Mizuho Securities USA LLC grew its stake in Synopsys by 171.2% in the 3rd quarter. Mizuho Securities USA LLC now owns 31,888 shares of the semiconductor company’s stock worth $16,148,000 after acquiring an additional 20,131 shares in the last quarter. Finally, Concord Asset Management LLC VA grew its stake in Synopsys by 12.4% in the 3rd quarter. Concord Asset Management LLC VA now owns 1,608 shares of the semiconductor company’s stock worth $814,000 after acquiring an additional 178 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.
Insider Transactions at Synopsys
In other news, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction that occurred on 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 sale, the chief executive officer now owns 70,922 shares in the company, valued at $32,890,077.50. This trade represents a 13.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the insider now owns 116,671 shares in the company, valued at $51,850,925.82. This represents a 11.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,909 shares of company stock worth $22,794,835 in the last three months. Company insiders own 0.62% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Analysis on SNPS
Synopsys Price Performance
Synopsys stock opened at $446.23 on Monday. The stock has a market capitalization of $69.00 billion, a P/E ratio of 30.73, a P/E/G ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a 12-month low of $425.73 and a 12-month high of $624.80. The firm’s 50-day moving average is $495.89 and its two-hundred day moving average is $508.30.
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.
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