Xponance Inc. Has $19.79 Million Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Xponance Inc. boosted its stake in Synopsys, Inc. (NASDAQ:SNPS) by 2.8% in the fourth quarter, HoldingsChannel reports. The firm owned 40,766 shares of the semiconductor company’s stock after buying an additional 1,129 shares during the period. Xponance Inc.’s holdings in Synopsys were worth $19,786,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Kieckhefer Group LLC acquired a new stake in Synopsys in the fourth quarter worth $27,000. Whipplewood Advisors LLC bought a new position in shares of Synopsys during the fourth quarter valued at about $33,000. Sierra Ocean LLC bought a new stake in Synopsys in the fourth quarter worth about $39,000. Newbridge Financial Services Group Inc. bought a new stake in Synopsys in the fourth quarter worth about $51,000. Finally, Versant Capital Management Inc raised its position in Synopsys by 109.3% in the fourth quarter. Versant Capital Management Inc now owns 113 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 59 shares during the period. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Trading Up 1.6 %

Shares of NASDAQ SNPS opened at $453.51 on Tuesday. Synopsys, Inc. has a 12 month low of $425.73 and a 12 month high of $624.80. The firm has a market capitalization of $70.12 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 3.23 and a beta of 1.16. The firm has a fifty day simple moving average of $494.94 and a two-hundred day simple moving average of $507.85.

Wall Street Analysts Forecast Growth

Several analysts have commented on SNPS shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $650.00 price objective on shares of Synopsys in a research report on Thursday, February 27th. 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. Wells Fargo & Company lowered their price target on shares of Synopsys from $540.00 to $520.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. Rosenblatt Securities reaffirmed a “buy” rating and set a $660.00 price objective on shares of Synopsys in a research note on Tuesday, February 25th. Finally, Morgan Stanley reduced their price objective 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. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $638.58.

Insider Transactions at Synopsys

In related news, insider Geus Aart De sold 15,705 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the sale, the insider now directly owns 116,671 shares of the company’s stock, valued at approximately $51,850,925.82. This represents a 11.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Richard S. Mahoney sold 20,838 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the sale, the executive now directly owns 1,460 shares in the company, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,909 shares of company stock valued at $22,794,835 in the last three months. 0.62% of the stock is currently owned by company insiders.

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.