Ameritas Advisory Services LLC Takes $152,000 Position in Synopsys, Inc. $SNPS

Ameritas Advisory Services LLC acquired a new stake in shares of Synopsys, Inc. (NASDAQ:SNPS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 296 shares of the semiconductor company’s stock, valued at approximately $152,000.

Other large investors also recently added to or reduced their stakes in the company. Independence Bank of Kentucky grew its position in Synopsys by 120.0% during the second quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 30 shares during the period. Cornerstone Planning Group LLC grew its position in Synopsys by 275.0% during the first quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 44 shares during the period. Saudi Central Bank bought a new stake in Synopsys during the first quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd grew its position in Synopsys by 441.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 53 shares during the period. Finally, WPG Advisers LLC bought a new stake in Synopsys during the first quarter valued at approximately $34,000. 85.47% of the stock is currently owned by institutional investors.

Insider Activity at Synopsys

In other news, CAO Sudhindra Kankanwadi sold 9,873 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $500.90, for a total value of $4,945,385.70. Following the sale, the chief accounting officer directly owned 20,520 shares in the company, valued at approximately $10,278,468. This trade represents a 32.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Shelagh Glaser sold 3,655 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $609.77, for a total transaction of $2,228,709.35. Following the completion of the transaction, the chief financial officer directly owned 15,317 shares of the company’s stock, valued at $9,339,847.09. The trade was a 19.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,894 shares of company stock valued at $16,760,783. Company insiders own 0.62% of the company’s stock.

Synopsys Trading Up 2.4%

Shares of SNPS opened at $489.36 on Thursday. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73. The company has a market cap of $90.90 billion, a P/E ratio of 38.41, a P/E/G ratio of 5.26 and a beta of 1.10. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52. The company’s fifty day simple moving average is $550.58 and its 200-day simple moving average is $510.06.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Needham & Company LLC dropped their price target on shares of Synopsys from $660.00 to $550.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. Rosenblatt Securities reiterated a “neutral” rating and issued a $605.00 price target (down from $650.00) on shares of Synopsys in a research report on Wednesday, September 10th. Morgan Stanley dropped their price target on shares of Synopsys from $715.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. Baird R W lowered shares of Synopsys from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 10th. Finally, Citigroup lowered shares of Synopsys from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 10th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Synopsys presently has a consensus rating of “Hold” and an average target price of $575.31.

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.