Synopsys, Inc. (NASDAQ:SNPS) Holdings Reduced by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its stake in Synopsys, Inc. (NASDAQ:SNPS) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,865 shares of the semiconductor company’s stock after selling 362 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Synopsys were worth $10,127,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kieckhefer Group LLC bought a new position in shares of Synopsys in the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC acquired a new stake in Synopsys during the fourth quarter valued at approximately $33,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Synopsys during the fourth quarter valued at approximately $34,000. Sierra Ocean LLC acquired a new stake in Synopsys during the fourth quarter valued at approximately $39,000. Finally, Hazlett Burt & Watson Inc. lifted its stake in Synopsys by 28.6% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 20 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on SNPS shares. Morgan Stanley cut their target price on shares of Synopsys from $625.00 to $590.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Mizuho cut their target price on shares of Synopsys from $650.00 to $600.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. KeyCorp decreased their price objective on shares of Synopsys from $690.00 to $555.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company cut their target price on shares of Synopsys from $540.00 to $520.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 27th. Finally, Bank of America decreased their target price on Synopsys from $630.00 to $560.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $613.43.

Insider Buying and Selling at Synopsys

In other Synopsys news, insider Geus Aart De sold 15,705 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $444.42, for a total value of $6,979,616.10. Following the transaction, the insider now owns 116,671 shares in the company, valued at $51,850,925.82. The trade was a 11.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $463.75, for a total value of $5,270,982.50. Following the sale, the chief executive officer now owns 70,922 shares of the company’s stock, valued at approximately $32,890,077.50. This trade represents a 13.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Synopsys Price Performance

Shares of NASDAQ SNPS opened at $443.97 on Tuesday. The business’s 50-day moving average price is $435.52 and its two-hundred day moving average price is $491.27. Synopsys, Inc. has a one year low of $365.74 and a one year high of $624.80. The company has a market capitalization of $68.65 billion, a P/E ratio of 30.58, a price-to-earnings-growth ratio of 3.23 and a beta of 1.23.

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.