Ownership Capital B.V. Has $50.16 Million Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Ownership Capital B.V. increased its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 8.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 103,340 shares of the semiconductor company’s stock after acquiring an additional 7,965 shares during the period. Synopsys accounts for about 1.8% of Ownership Capital B.V.’s holdings, making the stock its 21st largest position. Ownership Capital B.V. owned about 0.07% of Synopsys worth $50,157,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Private Wealth Partners LLC raised its position in shares of Synopsys by 2.6% in the fourth quarter. Private Wealth Partners LLC now owns 1,258 shares of the semiconductor company’s stock valued at $611,000 after purchasing an additional 32 shares during the period. DSM Capital Partners LLC grew its stake in Synopsys by 2.3% in the 4th quarter. DSM Capital Partners LLC now owns 122,163 shares of the semiconductor company’s stock valued at $59,293,000 after buying an additional 2,790 shares during the last quarter. New York State Common Retirement Fund raised its holdings in Synopsys by 8.4% in the 4th quarter. New York State Common Retirement Fund now owns 337,531 shares of the semiconductor company’s stock worth $163,824,000 after acquiring an additional 26,220 shares during the period. Valley Wealth Managers Inc. lifted its position in Synopsys by 20.7% during the 4th quarter. Valley Wealth Managers Inc. now owns 2,602 shares of the semiconductor company’s stock worth $1,263,000 after acquiring an additional 447 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Synopsys by 162.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,723 shares of the semiconductor company’s stock valued at $836,000 after acquiring an additional 1,067 shares during the period. 85.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SNPS shares. Piper Sandler dropped their price objective on Synopsys from $670.00 to $655.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Robert W. Baird dropped their price target on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Loop Capital began coverage on Synopsys in a research report on Monday, November 11th. They issued a “buy” rating and a $675.00 price objective for the company. Redburn Atlantic assumed coverage on shares of Synopsys in a research note on Monday, January 13th. They issued a “buy” rating and a $600.00 price objective on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and set a $640.00 target price on shares of Synopsys in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $641.82.

Insider Buying and Selling at Synopsys

In related news, CRO Richard S. Mahoney sold 20,838 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the completion of the transaction, the executive now owns 1,460 shares in the company, valued at $738,774.60. This trade represents a 93.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.66% of the company’s stock.

Synopsys Stock Down 4.6 %

NASDAQ SNPS opened at $500.98 on Thursday. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38. The stock has a market cap of $77.44 billion, a P/E ratio of 34.50, a PEG ratio of 3.44 and a beta of 1.12. The company’s 50-day simple moving average is $511.45 and its 200 day simple moving average is $517.72.

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.