Certuity LLC Grows Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

Certuity LLC grew its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 59.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,111 shares of the semiconductor company’s stock after purchasing an additional 415 shares during the period. Certuity LLC’s holdings in Synopsys were worth $539,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Kieckhefer Group LLC acquired a new stake in Synopsys during the 4th quarter valued at approximately $27,000. Tsfg LLC boosted its stake in shares of Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 24 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in shares of Synopsys by 40.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock worth $35,000 after buying an additional 20 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Synopsys in the third quarter worth $44,000. Finally, nVerses Capital LLC acquired a new stake in Synopsys in the third quarter valued at $51,000. 85.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Synopsys

In other news, CRO Richard S. Mahoney sold 20,838 shares of Synopsys stock in a transaction that occurred on 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 sale, the executive now owns 1,460 shares of the company’s stock, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.66% of the stock is currently owned by company insiders.

Synopsys Stock Performance

Shares of SNPS opened at $509.71 on Thursday. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38. The firm has a fifty day moving average of $511.98 and a 200-day moving average of $518.22. The company has a market cap of $78.79 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 3.49 and a beta of 1.12.

Analyst Ratings Changes

SNPS has been the subject of several recent analyst reports. Redburn Atlantic began coverage on shares of Synopsys in a report on Monday, January 13th. They set a “buy” rating and a $600.00 price objective for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $635.00 price target on shares of Synopsys in a research note on Wednesday, December 4th. Mizuho began coverage on Synopsys in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price objective on the stock. Loop Capital began coverage on Synopsys in a research report on Monday, November 11th. They issued a “buy” rating and a $675.00 target price for the company. Finally, Robert W. Baird dropped their price target on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Synopsys has a consensus rating of “Moderate Buy” and a consensus target price 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.