Synopsys, Inc. (NASDAQ:SNPS) Stake Lessened by Pathstone Holdings LLC

Pathstone Holdings LLC cut its stake in Synopsys, Inc. (NASDAQ:SNPS) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,899 shares of the semiconductor company’s stock after selling 1,179 shares during the period. Pathstone Holdings LLC’s holdings in Synopsys were worth $8,688,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SNPS. Park Avenue Securities LLC boosted its holdings in shares of Synopsys by 20.3% in the fourth quarter. Park Avenue Securities LLC now owns 10,276 shares of the semiconductor company’s stock valued at $4,988,000 after acquiring an additional 1,732 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Synopsys by 16.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 6,087 shares of the semiconductor company’s stock valued at $2,954,000 after acquiring an additional 844 shares in the last quarter. Tompkins Financial Corp boosted its holdings in shares of Synopsys by 3.2% in the fourth quarter. Tompkins Financial Corp now owns 7,857 shares of the semiconductor company’s stock valued at $3,813,000 after acquiring an additional 244 shares in the last quarter. Avanza Fonder AB bought a new stake in Synopsys during the fourth quarter worth approximately $5,967,000. Finally, Merit Financial Group LLC boosted its holdings in Synopsys by 2,308.7% during the fourth quarter. Merit Financial Group LLC now owns 15,006 shares of the semiconductor company’s stock worth $7,283,000 after buying an additional 14,383 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors.

Insider Activity 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 completion of the sale, the insider now owns 116,671 shares in the company, valued at $51,850,925.82. This represents a 11.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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. The trade was a 13.81% decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

Synopsys Stock Performance

Shares of NASDAQ:SNPS opened at $514.43 on Friday. The company has a market cap of $79.54 billion, a PE ratio of 35.43, a price-to-earnings-growth 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 firm has a 50 day simple moving average of $444.44 and a 200 day simple moving average of $489.46.

Analyst Ratings Changes

SNPS has been the subject of a number of research reports. Wells Fargo & Company reduced their target price on shares of Synopsys from $540.00 to $520.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. Bank of America reduced their target price on shares of Synopsys from $630.00 to $560.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Needham & Company LLC restated a “buy” rating and set a $650.00 target price on shares of Synopsys in a report on Thursday, February 27th. Stifel Nicolaus set a $550.00 target price on shares of Synopsys in a report on Monday, April 28th. Finally, KeyCorp reduced their target price 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. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $613.43.

Synopsys Company 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.