Synopsys, Inc. (NASDAQ:SNPS) Position Reduced by Schroder Investment Management Group

Schroder Investment Management Group reduced its position in Synopsys, Inc. (NASDAQ:SNPS) by 11.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,719 shares of the semiconductor company’s stock after selling 9,178 shares during the period. Schroder Investment Management Group’s holdings in Synopsys were worth $35,780,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Kieckhefer Group LLC purchased a new stake in Synopsys in the 4th quarter worth about $27,000. Whipplewood Advisors LLC acquired a new position in shares of Synopsys in the 4th quarter valued at about $33,000. Sierra Ocean LLC purchased a new stake in shares of Synopsys in the fourth quarter worth approximately $39,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Synopsys during the fourth quarter worth approximately $51,000. Finally, Versant Capital Management Inc grew its position in Synopsys by 109.3% during the fourth quarter. Versant Capital Management Inc now owns 113 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Insider Buying and Selling

In related news, CEO Sassine Ghazi sold 11,366 shares of the business’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 transaction, the chief executive officer now owns 70,922 shares of the company’s stock, valued at approximately $32,890,077.50. The trade was a 13.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 transaction of $6,979,616.10. Following the completion of the sale, the insider now directly owns 116,671 shares of the company’s stock, valued at approximately $51,850,925.82. This trade represents a 11.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,909 shares of company stock worth $22,794,835 in the last quarter. 0.62% of the stock is currently owned by company insiders.

Synopsys Stock Up 1.7 %

NASDAQ:SNPS opened at $435.94 on Wednesday. The company’s 50 day moving average is $481.79 and its 200-day moving average is $504.91. The firm has a market cap of $67.41 billion, a price-to-earnings ratio of 30.02, a P/E/G ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a 12 month low of $423.08 and a 12 month high of $624.80.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $660.00 target price on shares of Synopsys in a research report on Tuesday, February 25th. Piper Sandler cut their price objective on Synopsys from $655.00 to $653.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Robert W. Baird lowered their target price on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Redburn Atlantic began coverage on Synopsys in a research note on Monday, January 13th. They set a “buy” rating and a $600.00 price target for the company. Finally, Needham & Company LLC reiterated a “buy” rating and set a $650.00 price target on shares of Synopsys in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $638.58.

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.