Thematics Asset Management Has $68.42 Million Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

Thematics Asset Management lifted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 0.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,964 shares of the semiconductor company’s stock after buying an additional 95 shares during the quarter. Synopsys comprises 3.0% of Thematics Asset Management’s investment portfolio, making the stock its 3rd biggest position. Thematics Asset Management owned about 0.09% of Synopsys worth $68,418,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kieckhefer Group LLC purchased a new stake in shares of Synopsys in the fourth quarter worth about $27,000. Whipplewood Advisors LLC bought a new position in Synopsys in the 4th quarter valued at $33,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Synopsys during the 4th quarter valued at $34,000. Sierra Ocean LLC bought a new position in shares of Synopsys in the fourth quarter worth $39,000. Finally, Hazlett Burt & Watson Inc. raised its position in shares of Synopsys by 28.6% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company’s stock worth $44,000 after buying an additional 20 shares in the last quarter. 85.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Sassine Ghazi sold 11,366 shares of the 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 sale, the chief executive officer now owns 70,922 shares of the company’s stock, valued at approximately $32,890,077.50. This represents a 13.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Geus Aart De sold 15,705 shares of Synopsys stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the completion of the transaction, the insider now directly owns 116,671 shares in the company, valued at approximately $51,850,925.82. The trade was a 11.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on SNPS shares. Rosenblatt Securities restated a “buy” rating and set a $660.00 target price on shares of Synopsys in a research report on Tuesday, February 25th. Morgan Stanley decreased their price objective on shares of Synopsys from $625.00 to $590.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Bank of America dropped their target price on shares of Synopsys from $630.00 to $560.00 and set a “buy” rating for the company in a research report on Wednesday. Wells Fargo & Company decreased their price target 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. Finally, Piper Sandler cut their target price on shares of Synopsys from $655.00 to $653.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Synopsys has a consensus rating of “Moderate Buy” and a consensus target price of $618.31.

Synopsys Trading Down 0.6 %

SNPS opened at $413.32 on Friday. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $624.80. The business’s 50-day moving average price is $446.35 and its 200-day moving average price is $495.10. The company has a market cap of $63.91 billion, a P/E ratio of 28.47, a P/E/G ratio of 3.23 and a beta of 1.23.

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.