36,657 Shares in Synopsys, Inc. (NASDAQ:SNPS) Acquired by Trexquant Investment LP

Trexquant Investment LP acquired a new stake in Synopsys, Inc. (NASDAQ:SNPS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 36,657 shares of the semiconductor company’s stock, valued at approximately $17,792,000.

Other large investors have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. bought a new position in Synopsys during the third quarter worth about $11,441,000. Captrust Financial Advisors increased its holdings in shares of Synopsys by 8.1% during the third quarter. Captrust Financial Advisors now owns 4,994 shares of the semiconductor company’s stock worth $2,529,000 after purchasing an additional 374 shares during the period. Benjamin Edwards Inc. raised its position in shares of Synopsys by 458.9% in the third quarter. Benjamin Edwards Inc. now owns 598 shares of the semiconductor company’s stock valued at $303,000 after buying an additional 491 shares in the last quarter. Hilltop Holdings Inc. acquired a new stake in Synopsys during the third quarter worth approximately $567,000. Finally, Janus Henderson Group PLC increased its stake in Synopsys by 7.7% during the 3rd quarter. Janus Henderson Group PLC now owns 1,139,887 shares of the semiconductor company’s stock worth $577,289,000 after acquiring an additional 81,198 shares during the period. Institutional investors own 85.47% of the company’s stock.

Wall Street Analyst Weigh In

SNPS has been the subject of a number of recent analyst reports. Morgan Stanley cut their target price on Synopsys from $625.00 to $590.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Piper Sandler reduced their price objective on shares of Synopsys from $655.00 to $653.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Robert W. Baird dropped their target price on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Needham & Company LLC reiterated a “buy” rating and set a $650.00 price target on shares of Synopsys in a research report on Thursday, February 27th. Finally, 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. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $638.58.

Synopsys Stock Up 1.7 %

NASDAQ SNPS opened at $435.94 on Wednesday. Synopsys, Inc. has a twelve month low of $423.08 and a twelve month high of $624.80. The business’s fifty day moving average is $481.79 and its 200 day moving average is $504.91. The company has a market cap of $67.41 billion, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 3.23 and a beta of 1.16.

Insider Activity

In other news, CEO Sassine Ghazi sold 11,366 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 70,922 shares of the company’s stock, valued at approximately $32,890,077.50. This trade represents a 13.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Geus Aart De sold 15,705 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 116,671 shares of the company’s stock, valued at $51,850,925.82. The trade was a 11.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,909 shares of company stock valued at $22,794,835. 0.62% of the stock is currently owned by corporate 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.