American Century Companies Inc. Purchases 159,344 Shares of Synopsys, Inc. (NASDAQ:SNPS)

American Century Companies Inc. lifted its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 38.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 571,474 shares of the semiconductor company’s stock after acquiring an additional 159,344 shares during the quarter. American Century Companies Inc. owned approximately 0.37% of Synopsys worth $277,371,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SNPS. Kieckhefer Group LLC bought a new position in shares of Synopsys during the 4th quarter worth $27,000. Whipplewood Advisors LLC bought a new position in shares of Synopsys during the 4th quarter worth $33,000. Sierra Ocean LLC bought a new position in shares of Synopsys during the 4th quarter worth $39,000. Newbridge Financial Services Group Inc. bought a new position in shares of Synopsys during the 4th quarter worth $51,000. Finally, Versant Capital Management Inc grew its stake in shares of Synopsys by 109.3% during the 4th quarter. Versant Capital Management Inc now owns 113 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 59 shares during the period. Institutional investors own 85.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Robert W. Baird cut their target price on Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Wells Fargo & Company cut their target price on Synopsys from $540.00 to $520.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. Rosenblatt Securities restated a “buy” rating and issued a $660.00 target price on shares of Synopsys in a research note on Tuesday, February 25th. 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 note on Monday, February 24th. Finally, Needham & Company LLC restated a “buy” rating and issued a $650.00 target price on shares of Synopsys in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $638.58.

Synopsys Trading Down 0.3 %

Shares of SNPS opened at $448.60 on Friday. The company has a market cap of $69.36 billion, a PE ratio of 30.90, a price-to-earnings-growth 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 stock has a 50-day moving average price of $491.19 and a 200-day moving average price of $506.06.

Insider Activity at Synopsys

In related news, CRO Richard S. Mahoney sold 20,838 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sassine Ghazi sold 11,366 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $463.75, for a total value of $5,270,982.50. Following the transaction, the chief executive officer now directly owns 70,922 shares in the company, valued at approximately $32,890,077.50. This represents a 13.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,909 shares of company stock valued at $22,794,835. Corporate 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.