B. Metzler seel. Sohn & Co. AG Has $47.42 Million Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

B. Metzler seel. Sohn & Co. AG raised its position in Synopsys, Inc. (NASDAQ:SNPS) by 6.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 97,680 shares of the semiconductor company’s stock after acquiring an additional 5,773 shares during the period. B. Metzler seel. Sohn & Co. AG owned approximately 0.06% of Synopsys worth $47,419,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in Synopsys during the fourth quarter worth $583,608,000. Raymond James Financial Inc. bought a new stake in shares of Synopsys during the fourth quarter worth about $199,065,000. Proficio Capital Partners LLC raised its holdings in shares of Synopsys by 71,578.5% in the 4th quarter. Proficio Capital Partners LLC now owns 386,347 shares of the semiconductor company’s stock worth $187,517,000 after acquiring an additional 385,808 shares during the last quarter. Wellington Management Group LLP lifted its position in Synopsys by 32.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,048,709 shares of the semiconductor company’s stock valued at $531,056,000 after acquiring an additional 257,526 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt acquired a new position in Synopsys during the 4th quarter valued at about $104,741,000. Institutional investors own 85.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SNPS. Redburn Atlantic started coverage on Synopsys in a research note on Monday, January 13th. They issued a “buy” rating and a $600.00 price objective for the company. Piper Sandler lowered their price target on Synopsys from $655.00 to $653.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Robert W. Baird cut 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. Rosenblatt Securities reiterated a “buy” rating and issued a $660.00 target price on shares of Synopsys in a report on Tuesday, February 25th. Finally, Morgan Stanley cut their price target on shares of Synopsys from $625.00 to $590.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $638.58.

Synopsys Trading Down 1.9 %

Synopsys stock opened at $437.95 on Monday. The business’s 50 day simple moving average is $485.62 and its 200 day simple moving average is $505.72. Synopsys, Inc. has a 12 month low of $425.73 and a 12 month high of $624.80. The company has a market cap of $67.72 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 3.23 and a beta of 1.16.

Insider Buying and Selling at Synopsys

In other Synopsys news, insider Geus Aart De sold 15,705 shares of the business’s stock in a transaction on 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 owns 116,671 shares of the company’s stock, valued at $51,850,925.82. The trade was a 11.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Richard S. Mahoney sold 20,838 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total value of $10,544,236.38. Following the completion of the transaction, the executive now directly owns 1,460 shares of the company’s stock, valued at $738,774.60. The trade was a 93.45 % decrease in their ownership of the stock. 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 ninety days. 0.62% of the stock is currently owned by company insiders.

Synopsys 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.