Focus Partners Wealth Grows Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Focus Partners Wealth grew its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 60.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 37,517 shares of the semiconductor company’s stock after purchasing an additional 14,167 shares during the period. Focus Partners Wealth’s holdings in Synopsys were worth $18,221,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SNPS. Kieckhefer Group LLC purchased a new position in Synopsys in the 4th quarter worth approximately $27,000. Whipplewood Advisors LLC purchased a new position in Synopsys in the 4th quarter worth approximately $33,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Synopsys in the 4th quarter worth approximately $34,000. Sierra Ocean LLC purchased a new position in Synopsys in the 4th quarter worth approximately $39,000. Finally, Hazlett Burt & Watson Inc. raised its holdings in Synopsys by 28.6% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 20 shares during the last quarter. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Sassine Ghazi sold 11,366 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $463.75, for a total value of $5,270,982.50. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Geus Aart De sold 15,705 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the transaction, the insider now directly owns 116,671 shares of the company’s stock, valued at $51,850,925.82. This trade represents a 11.86% decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. KeyCorp decreased their price objective on shares of Synopsys from $690.00 to $555.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Needham & Company LLC restated a “buy” rating and issued a $650.00 price objective on shares of Synopsys in a report on Thursday, February 27th. Wells Fargo & Company decreased their target price on shares of Synopsys from $540.00 to $520.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. Redburn Atlantic started coverage on shares of Synopsys in a research note on Monday, January 13th. They set a “buy” rating and a $600.00 target price for the company. Finally, Stifel Nicolaus set a $550.00 target price on shares of Synopsys in a research note on Monday, April 28th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $613.43.

Synopsys Stock Performance

Shares of Synopsys stock opened at $482.69 on Monday. The company has a market capitalization of $74.63 billion, a P/E ratio of 33.24, a P/E/G ratio of 3.23 and a beta of 1.16. The company has a fifty day moving average of $437.18 and a 200 day moving average of $489.02. Synopsys, Inc. has a fifty-two week low of $365.74 and a fifty-two week high of $624.80.

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.