Synopsys, Inc. (NASDAQ:SNPS) Shares Sold by Gibraltar Capital Management Inc.

Gibraltar Capital Management Inc. lessened its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 8.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 610 shares of the semiconductor company’s stock after selling 57 shares during the quarter. Gibraltar Capital Management Inc.’s holdings in Synopsys were worth $296,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in SNPS. Davidson Capital Management Inc. increased its position in shares of Synopsys by 33,828.6% in the 3rd quarter. Davidson Capital Management Inc. now owns 4,750 shares of the semiconductor company’s stock valued at $2,405,000 after purchasing an additional 4,736 shares during the last quarter. Peloton Wealth Strategists boosted its position in shares of Synopsys by 221.2% during the 3rd quarter. Peloton Wealth Strategists now owns 2,881 shares of the semiconductor company’s stock worth $1,459,000 after acquiring an additional 1,984 shares in the last quarter. Swiss National Bank increased its holdings in shares of Synopsys by 0.7% in the 3rd quarter. Swiss National Bank now owns 454,800 shares of the semiconductor company’s stock valued at $230,306,000 after acquiring an additional 3,200 shares during the last quarter. Parnassus Investments LLC acquired a new stake in shares of Synopsys during the 3rd quarter worth about $633,469,000. Finally, Harvest Portfolios Group Inc. lifted its stake in Synopsys by 3.7% during the third quarter. Harvest Portfolios Group Inc. now owns 42,121 shares of the semiconductor company’s stock worth $21,330,000 after purchasing an additional 1,496 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Insider Activity

In other news, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the transaction, the executive now directly owns 1,460 shares of the company’s stock, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.66% of the company’s stock.

Synopsys Price Performance

Shares of SNPS stock opened at $457.95 on Wednesday. Synopsys, Inc. has a 1-year low of $457.00 and a 1-year high of $624.80. The firm’s 50-day simple moving average is $508.09 and its 200-day simple moving average is $516.89. The firm has a market cap of $70.79 billion, a P/E ratio of 31.54, a PEG ratio of 3.23 and a beta of 1.12.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Synopsys from $625.00 to $590.00 and set an “overweight” rating for the company in a report on Monday. Loop Capital initiated coverage on shares of Synopsys in a research report on Monday, November 11th. They issued a “buy” rating and a $675.00 price objective on the stock. Redburn Atlantic started coverage on Synopsys in a research report on Monday, January 13th. They set a “buy” rating and a $600.00 target price on the stock. Wells Fargo & Company cut their price target on shares of Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $640.00 price target on shares of Synopsys in a report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Synopsys has an average rating of “Moderate Buy” and an average price target of $639.58.

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.