Douglass Winthrop Advisors LLC Purchases 1,103 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Douglass Winthrop Advisors LLC boosted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,494 shares of the semiconductor company’s stock after acquiring an additional 1,103 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Synopsys were worth $5,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. GSA Capital Partners LLP purchased a new stake in shares of Synopsys during the 3rd quarter worth $467,000. Pathstone Holdings LLC lifted its position in shares of Synopsys by 6.9% during the third quarter. Pathstone Holdings LLC now owns 19,078 shares of the semiconductor company’s stock valued at $9,661,000 after buying an additional 1,225 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of Synopsys by 44.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 114 shares of the semiconductor company’s stock worth $58,000 after buying an additional 35 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Synopsys by 6.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 24,715 shares of the semiconductor company’s stock worth $12,515,000 after acquiring an additional 1,494 shares in the last quarter. Finally, Commerce Bank lifted its position in Synopsys by 4.0% during the third quarter. Commerce Bank now owns 10,029 shares of the semiconductor company’s stock valued at $5,079,000 after acquiring an additional 383 shares during the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Synopsys Trading Down 0.1 %

SNPS opened at $449.99 on Friday. The firm has a 50 day moving average of $492.07 and a two-hundred day moving average of $506.55. The firm has a market capitalization of $69.58 billion, a PE ratio of 30.99, 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.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Redburn Atlantic assumed coverage on shares of Synopsys in a report on Monday, January 13th. They issued a “buy” rating and a $600.00 price target on the stock. Robert W. Baird reduced their target price on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Rosenblatt Securities reissued a “buy” rating and issued a $660.00 price target on shares of Synopsys in a report on Tuesday, February 25th. Piper Sandler cut their price objective on shares of Synopsys from $655.00 to $653.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Finally, Wells Fargo & Company lowered their target price on shares of Synopsys from $540.00 to $520.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Synopsys presently has a consensus rating of “Moderate Buy” and a consensus price target of $638.58.

Insider Buying and Selling

In other Synopsys news, insider Geus Aart De sold 15,705 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction dated 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 transaction, the executive now directly owns 1,460 shares of the company’s stock, valued at approximately $738,774.60. This trade represents a 93.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,909 shares of company stock valued at $22,794,835 over the last 90 days. Insiders own 0.62% of the company’s stock.

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.