Ownership Capital B.V. Purchases 7,965 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Ownership Capital B.V. increased its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 8.4% during the fourth quarter, Holdings Channel reports. The fund owned 103,340 shares of the semiconductor company’s stock after purchasing an additional 7,965 shares during the period. Synopsys makes up about 1.8% of Ownership Capital B.V.’s portfolio, making the stock its 21st biggest position. Ownership Capital B.V.’s holdings in Synopsys were worth $50,157,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Davidson Capital Management Inc. grew its holdings in shares of Synopsys by 33,828.6% during the third quarter. Davidson Capital Management Inc. now owns 4,750 shares of the semiconductor company’s stock worth $2,405,000 after purchasing an additional 4,736 shares during the last quarter. Peloton Wealth Strategists lifted its position in Synopsys by 221.2% during the 3rd quarter. Peloton Wealth Strategists now owns 2,881 shares of the semiconductor company’s stock worth $1,459,000 after buying an additional 1,984 shares in the last quarter. Swiss National Bank lifted its position in Synopsys by 0.7% during the 3rd quarter. Swiss National Bank now owns 454,800 shares of the semiconductor company’s stock worth $230,306,000 after buying an additional 3,200 shares in the last quarter. Parnassus Investments LLC bought a new stake in Synopsys during the 3rd quarter worth about $633,469,000. Finally, Harvest Portfolios Group Inc. raised its stake in shares of Synopsys by 3.7% in the third quarter. Harvest Portfolios Group Inc. now owns 42,121 shares of the semiconductor company’s stock worth $21,330,000 after acquiring an additional 1,496 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors.

Insider Activity at Synopsys

In related news, CRO Richard S. Mahoney sold 20,838 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total value of $10,544,236.38. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.66% of the stock is currently owned by corporate insiders.

Synopsys Trading Down 4.6 %

Shares of SNPS opened at $500.98 on Thursday. The stock has a market cap of $77.44 billion, a P/E ratio of 34.50, a price-to-earnings-growth ratio of 3.44 and a beta of 1.12. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38. The stock’s 50-day moving average price is $511.45 and its two-hundred day moving average price is $517.72.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $640.00 price target on shares of Synopsys in a research note on Thursday, December 5th. Wells Fargo & Company decreased their price objective on Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Rosenblatt Securities reissued a “buy” rating and issued a $635.00 target price on shares of Synopsys in a research note on Wednesday, December 4th. Robert W. Baird cut their price target on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Finally, Piper Sandler lowered their price objective on Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $641.82.

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.