Generali Investments Management Co LLC Buys New Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Generali Investments Management Co LLC bought a new stake in Synopsys, Inc. (NASDAQ:SNPS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,832 shares of the semiconductor company’s stock, valued at approximately $889,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kieckhefer Group LLC bought a new stake in Synopsys during the 4th quarter worth approximately $27,000. Whipplewood Advisors LLC bought a new stake in Synopsys during the 4th quarter worth approximately $33,000. Sierra Ocean LLC bought a new stake in Synopsys during the 4th quarter worth approximately $39,000. Newbridge Financial Services Group Inc. bought a new stake in Synopsys during the 4th quarter worth approximately $51,000. Finally, Versant Capital Management Inc boosted its stake in shares of Synopsys by 109.3% in the 4th quarter. Versant Capital Management Inc now owns 113 shares of the semiconductor company’s stock worth $55,000 after buying an additional 59 shares during the last quarter. 85.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SNPS shares. Needham & Company LLC restated a “buy” rating and issued a $650.00 target price on shares of Synopsys in a research note on Thursday, February 27th. Rosenblatt Securities restated a “buy” rating and issued a $660.00 target price on shares of Synopsys in a research note on Tuesday, February 25th. Piper Sandler cut their target price on Synopsys from $655.00 to $653.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Robert W. Baird cut their target price on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Finally, Morgan Stanley cut their target price on Synopsys from $625.00 to $590.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Synopsys currently has a consensus rating of “Moderate Buy” and an average target price of $638.58.

Insiders Place Their Bets

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the stock in a transaction 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 in the company, valued at $738,774.60. This represents a 93.45 % decrease in their ownership of the stock. The transaction 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 stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $444.42, for a total value of $6,979,616.10. Following the sale, the insider now owns 116,671 shares in the company, valued at approximately $51,850,925.82. This represents a 11.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,909 shares of company stock worth $22,794,835 over the last 90 days. Corporate insiders own 0.62% of the company’s stock.

Synopsys Trading Down 1.2 %

Synopsys stock opened at $447.99 on Wednesday. Synopsys, Inc. has a 12 month low of $425.73 and a 12 month high of $624.80. The business’s 50 day simple moving average is $494.15 and its 200 day simple moving average is $507.35. The company has a market cap of $69.27 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 3.23 and a beta of 1.16.

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.