CreativeOne Wealth LLC Increases Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

CreativeOne Wealth LLC increased its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 19.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,681 shares of the semiconductor company’s stock after purchasing an additional 431 shares during the period. CreativeOne Wealth LLC’s holdings in Synopsys were worth $1,301,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SNPS. Kieckhefer Group LLC bought a new position in shares of Synopsys during the 4th quarter valued at $27,000. Whipplewood Advisors LLC purchased a new stake in Synopsys during the fourth quarter valued at $33,000. Pilgrim Partners Asia Pte Ltd bought a new position in Synopsys in the fourth quarter valued at about $34,000. Sierra Ocean LLC purchased a new position in Synopsys in the fourth quarter worth about $39,000. Finally, Hazlett Burt & Watson Inc. grew its stake in shares of Synopsys by 28.6% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 20 shares during the period. Institutional investors own 85.47% of the company’s stock.

Insider Activity

In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $463.75, for a total transaction of $5,270,982.50. Following the completion of the transaction, the chief executive officer now owns 70,922 shares in the company, valued at $32,890,077.50. This trade represents a 13.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Geus Aart De sold 15,705 shares of the company’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 value of $6,979,616.10. Following the sale, the insider now directly 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. Company insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

SNPS has been the topic of a number of research reports. Wells Fargo & Company dropped 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. Bank of America dropped their price target on shares of Synopsys from $630.00 to $560.00 and set a “buy” rating on the stock in a research note on Wednesday. Redburn Atlantic initiated coverage on shares of Synopsys in a research report on Monday, January 13th. They set a “buy” rating and a $600.00 price objective for the company. Mizuho lowered their target price on Synopsys from $650.00 to $600.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, KeyCorp reduced their price target on Synopsys from $690.00 to $555.00 and set an “overweight” rating for the company in a research report on Tuesday. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $618.31.

Synopsys Trading Down 2.3 %

Shares of SNPS opened at $415.65 on Thursday. The business’s 50 day moving average is $451.03 and its 200 day moving average is $496.32. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $624.80. The company has a market capitalization of $64.27 billion, a PE ratio of 28.63, a price-to-earnings-growth ratio of 3.23 and a beta of 1.23.

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.