Natixis Advisors LLC Has $87.71 Million Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Natixis Advisors LLC grew its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 180,720 shares of the semiconductor company’s stock after buying an additional 9,012 shares during the quarter. Natixis Advisors LLC’s holdings in Synopsys were worth $87,714,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in SNPS. GSA Capital Partners LLP acquired a new position in shares of Synopsys in the 3rd quarter valued at $467,000. OneDigital Investment Advisors LLC increased its position in shares of Synopsys by 28.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,581 shares of the semiconductor company’s stock worth $1,307,000 after purchasing an additional 575 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Synopsys by 10.1% during the 3rd quarter. CIBC Asset Management Inc now owns 69,536 shares of the semiconductor company’s stock worth $35,212,000 after purchasing an additional 6,374 shares in the last quarter. Empowered Funds LLC increased its position in shares of Synopsys by 13.2% during the 3rd quarter. Empowered Funds LLC now owns 7,254 shares of the semiconductor company’s stock worth $3,673,000 after purchasing an additional 844 shares in the last quarter. Finally, Valley Wealth Managers Inc. increased its position in shares of Synopsys by 78.1% during the 3rd quarter. Valley Wealth Managers Inc. now owns 2,155 shares of the semiconductor company’s stock worth $1,091,000 after purchasing an additional 945 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Price Performance

Shares of NASDAQ:SNPS opened at $446.23 on Friday. The company has a market capitalization of $69.00 billion, a price-to-earnings ratio of 30.73, a P/E/G ratio of 3.23 and a beta of 1.16. The firm’s 50 day simple moving average is $495.89 and its 200 day simple moving average is $508.31. Synopsys, Inc. has a fifty-two week low of $425.73 and a fifty-two week high of $624.80.

Wall Street Analysts Forecast Growth

SNPS has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $650.00 price objective on shares of Synopsys in a report on Thursday, February 27th. Rosenblatt Securities reissued a “buy” rating and set a $660.00 price objective on shares of Synopsys in a report on Tuesday, February 25th. Piper Sandler decreased their price objective on shares of Synopsys from $655.00 to $653.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Wells Fargo & Company decreased their price objective on shares of Synopsys from $540.00 to $520.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. Finally, Robert W. Baird decreased their price objective 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. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $638.58.

Insider Activity at Synopsys

In related news, CRO Richard S. Mahoney sold 20,838 shares of the stock in a transaction that occurred on 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 sale, the executive now directly owns 1,460 shares in the company, valued at $738,774.60. This trade represents a 93.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Geus Aart De sold 15,705 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the sale, the insider now owns 116,671 shares in the company, 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 have sold 47,909 shares of company stock worth $22,794,835 in the last ninety days. Company 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.