Sei Investments Co. Grows Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Sei Investments Co. grew its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 304,426 shares of the semiconductor company’s stock after acquiring an additional 27,281 shares during the period. Sei Investments Co. owned about 0.20% of Synopsys worth $147,759,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SNPS. Kieckhefer Group LLC purchased a new stake in Synopsys during the fourth quarter worth $27,000. Whipplewood Advisors LLC purchased a new stake in Synopsys during the fourth quarter worth $33,000. Sierra Ocean LLC purchased a new stake in Synopsys during the fourth quarter worth $39,000. Newbridge Financial Services Group Inc. purchased a new stake in Synopsys during the fourth quarter worth $51,000. Finally, Versant Capital Management Inc boosted its holdings in Synopsys by 109.3% during the fourth quarter. Versant Capital Management Inc now owns 113 shares of the semiconductor company’s stock worth $55,000 after buying an additional 59 shares in the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CRO Richard S. Mahoney sold 20,838 shares of the 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 sale, the executive now directly owns 1,460 shares in the company, valued at $738,774.60. This represents a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Geus Aart De sold 15,705 shares of the stock in a transaction dated 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 owns 116,671 shares of the company’s stock, valued at $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 sold 47,909 shares of company stock worth $22,794,835 over the last three months. Insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on SNPS shares. Rosenblatt Securities reissued a “buy” rating and set a $660.00 price target on shares of Synopsys in a report on Tuesday, February 25th. Robert W. Baird lowered their price target on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Morgan Stanley reduced their price objective on shares of 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 for the company in a research report on Thursday, February 27th. Finally, Needham & Company LLC restated a “buy” rating and set a $650.00 price objective on shares of Synopsys in a research report 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. According to data from MarketBeat, Synopsys has a consensus rating of “Moderate Buy” and a consensus target price of $638.58.

Synopsys Stock Down 0.3 %

Shares of NASDAQ SNPS opened at $448.60 on Friday. The firm has a 50-day simple moving average of $491.19 and a 200-day simple moving average of $506.06. The stock has a market capitalization of $69.36 billion, a price-to-earnings ratio of 30.90, a price-to-earnings-growth ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a 52 week low of $425.73 and a 52 week high of $624.80.

Synopsys 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.