Triglav Skladi D.O.O. Acquires New Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Triglav Skladi D.O.O. acquired a new stake in Synopsys, Inc. (NASDAQ:SNPS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,405 shares of the semiconductor company’s stock, valued at approximately $1,653,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SNPS. Whipplewood Advisors LLC purchased a new stake in Synopsys in the 4th quarter valued at about $33,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Synopsys during the fourth quarter worth about $34,000. Sierra Ocean LLC purchased a new stake in Synopsys during the fourth quarter worth about $39,000. Hazlett Burt & Watson Inc. increased its stake in Synopsys by 28.6% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 20 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC increased its stake in Synopsys by 50.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 98 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 33 shares during the period. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on SNPS shares. Needham & Company LLC reiterated a “buy” rating and set a $650.00 price target on shares of Synopsys in a research note on Thursday, February 27th. Rosenblatt Securities reiterated a “buy” rating and set a $660.00 price target on shares of Synopsys in a research note on Tuesday, February 25th. Stifel Nicolaus set a $550.00 price target on shares of Synopsys in a research note on Monday, April 28th. 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 research note on Monday, February 24th. Finally, Bank of America cut 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, April 16th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $613.43.

Insider Buying and Selling at Synopsys

In other Synopsys news, insider Geus Aart De sold 15,705 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $444.42, for a total value of $6,979,616.10. Following the transaction, the insider now directly owns 116,671 shares in the company, valued at $51,850,925.82. This represents a 11.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were 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 represents a 13.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.

Synopsys Stock Down 0.0%

Shares of Synopsys stock opened at $514.43 on Monday. The company has a market capitalization of $79.54 billion, a P/E ratio of 35.43, a P/E/G ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a 52-week low of $365.74 and a 52-week high of $624.80. The company has a 50 day moving average of $444.44 and a 200 day moving average of $488.96.

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.