Synopsys, Inc. (NASDAQ:SNPS) Insider Geus Aart De Sells 15,705 Shares

Synopsys, Inc. (NASDAQ:SNPS) insider Geus Aart De sold 15,705 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $444.42, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Synopsys Trading Down 3.5 %

Shares of NASDAQ:SNPS traded down $15.68 during midday trading on Monday, hitting $435.20. The stock had a trading volume of 891,313 shares, compared to its average volume of 1,181,706. Synopsys, Inc. has a 1 year low of $429.77 and a 1 year high of $624.80. The company has a market capitalization of $67.29 billion, a PE ratio of 30.01, a P/E/G ratio of 3.23 and a beta of 1.16. The stock has a 50 day moving average price of $501.21 and a two-hundred day moving average price of $511.66.

Wall Street Analysts Forecast Growth

SNPS has been the topic of a number of research reports. Morgan Stanley decreased their price target on shares of Synopsys from $625.00 to $590.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. 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 research report on Thursday, December 5th. 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 target for the company. Rosenblatt Securities restated a “buy” rating and issued a $660.00 target price on shares of Synopsys in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company lowered their price target on Synopsys from $540.00 to $520.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $638.58.

Institutional Investors Weigh In On Synopsys

Several institutional investors have recently made changes to their positions in SNPS. Kieckhefer Group LLC purchased a new stake in Synopsys during the fourth quarter worth about $27,000. Ameriflex Group Inc. purchased a new stake in shares of Synopsys in the 4th quarter worth about $29,000. Whipplewood Advisors LLC purchased a new stake in Synopsys in the 4th quarter valued at approximately $33,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Synopsys in the 4th quarter valued at about $34,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Synopsys during the 4th quarter worth about $39,000. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

About Synopsys

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.