BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $30.70 Million Holdings in Synopsys, Inc. $SNPS

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 46.6% in the 1st quarter, HoldingsChannel reports. The firm owned 71,510 shares of the semiconductor company’s stock after selling 62,410 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Synopsys were worth $30,704,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Synopsys by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 14,829,770 shares of the semiconductor company’s stock valued at $6,359,747,000 after purchasing an additional 346,994 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Synopsys by 21.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,902,696 shares of the semiconductor company’s stock worth $2,864,933,000 after acquiring an additional 1,045,326 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Synopsys by 38.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,432,596 shares of the semiconductor company’s stock worth $1,043,518,000 after acquiring an additional 673,837 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Synopsys by 26.2% in the fourth quarter. Ameriprise Financial Inc. now owns 1,888,181 shares of the semiconductor company’s stock worth $916,441,000 after acquiring an additional 391,681 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of Synopsys by 12.1% in the fourth quarter. Nuveen Asset Management LLC now owns 1,691,501 shares of the semiconductor company’s stock worth $820,987,000 after buying an additional 182,115 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.

Insider Transactions at Synopsys

In related news, CRO Richard S. Mahoney sold 9,010 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $471.21, for a total transaction of $4,245,602.10. Following the sale, the executive directly owned 1,485 shares of the company’s stock, valued at approximately $699,746.85. This represents a 85.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Shelagh Glaser sold 7,310 shares of Synopsys stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $485.72, for a total value of $3,550,613.20. Following the completion of the transaction, the chief financial officer owned 15,291 shares of the company’s stock, valued at approximately $7,427,144.52. This represents a 32.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,686 shares of company stock worth $13,001,048 over the last quarter. 0.62% of the stock is currently owned by insiders.

Synopsys Stock Up 0.3%

Synopsys stock opened at $617.91 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 7.02 and a quick ratio of 6.85. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $651.73. The stock has a market capitalization of $95.87 billion, a price-to-earnings ratio of 44.61, a PEG ratio of 4.09 and a beta of 1.15. The business has a fifty day moving average price of $558.90 and a 200-day moving average price of $497.65.

Synopsys (NASDAQ:SNPS) last issued its earnings results on Wednesday, May 28th. The semiconductor company reported $3.67 EPS for the quarter, beating analysts’ consensus estimates of $3.40 by $0.27. Synopsys had a return on equity of 17.09% and a net margin of 34.77%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the prior year, the firm earned $3.00 earnings per share. Synopsys’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities research analysts forecast that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $660.00 price objective (up from $650.00) on shares of Synopsys in a research report on Tuesday, July 15th. Morgan Stanley reissued an “overweight” rating and set a $715.00 price target (up from $540.00) on shares of Synopsys in a report on Monday, August 11th. Rosenblatt Securities raised their price objective on Synopsys from $625.00 to $650.00 and gave the company a “buy” rating in a research report on Friday, July 25th. The Goldman Sachs Group began coverage on shares of Synopsys in a research report on Thursday, July 10th. They issued a “buy” rating and a $620.00 price target on the stock. Finally, Stifel Nicolaus set a $550.00 price objective on Synopsys in a report on Monday, April 28th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $630.67.

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.