Synopsys, Inc. (NASDAQ:SNPS) Shares Sold by Howland Capital Management LLC

Howland Capital Management LLC reduced its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,585 shares of the semiconductor company’s stock after selling 453 shares during the period. Howland Capital Management LLC’s holdings in Synopsys were worth $19,213,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC lifted its position in Synopsys by 16.7% during the fourth quarter. Empowered Funds LLC now owns 8,468 shares of the semiconductor company’s stock valued at $4,110,000 after purchasing an additional 1,214 shares during the period. Kingsview Wealth Management LLC boosted its holdings in Synopsys by 18.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 563 shares of the semiconductor company’s stock valued at $273,000 after purchasing an additional 88 shares during the last quarter. Robocap Asset Management Ltd boosted its holdings in Synopsys by 25.3% in the fourth quarter. Robocap Asset Management Ltd now owns 19,039 shares of the semiconductor company’s stock valued at $9,241,000 after purchasing an additional 3,849 shares during the last quarter. Conning Inc. boosted its holdings in Synopsys by 5.0% in the fourth quarter. Conning Inc. now owns 816 shares of the semiconductor company’s stock valued at $396,000 after purchasing an additional 39 shares during the last quarter. Finally, EULAV Asset Management boosted its holdings in Synopsys by 9.0% in the fourth quarter. EULAV Asset Management now owns 48,604 shares of the semiconductor company’s stock valued at $23,590,000 after purchasing an additional 3,999 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other 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 completion of the sale, the executive now owns 1,460 shares of the company’s stock, valued at $738,774.60. This represents a 93.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.66% of the company’s stock.

Synopsys Trading Down 1.4 %

Shares of NASDAQ SNPS opened at $525.82 on Friday. Synopsys, Inc. has a 12-month low of $457.52 and a 12-month high of $629.38. The stock has a market cap of $81.28 billion, a PE ratio of 36.21, a P/E/G ratio of 3.49 and a beta of 1.12. The company has a 50-day moving average of $513.49 and a 200 day moving average of $519.12.

Analyst Upgrades and Downgrades

SNPS has been the topic of several recent research reports. Berenberg Bank initiated coverage on shares of Synopsys in a report on Tuesday, October 15th. They issued a “buy” rating and a $660.00 price target on the stock. Mizuho started coverage on shares of Synopsys in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price target on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $635.00 price objective on shares of Synopsys in a research report on Wednesday, December 4th. Robert W. Baird decreased their price objective on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Finally, Wells Fargo & Company decreased their price objective on shares of Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.