Gallacher Capital Management LLC Has $227,000 Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Gallacher Capital Management LLC boosted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 10.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 467 shares of the semiconductor company’s stock after buying an additional 44 shares during the quarter. Gallacher Capital Management LLC’s holdings in Synopsys were worth $227,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SNPS. Choate Investment Advisors lifted its holdings in Synopsys by 18.6% during the 4th quarter. Choate Investment Advisors now owns 497 shares of the semiconductor company’s stock worth $241,000 after purchasing an additional 78 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Synopsys by 5.2% during the fourth quarter. Natixis Advisors LLC now owns 180,720 shares of the semiconductor company’s stock worth $87,714,000 after buying an additional 9,012 shares in the last quarter. M & L Capital Management Ltd bought a new stake in shares of Synopsys in the fourth quarter valued at about $21,623,000. Picton Mahoney Asset Management grew its stake in shares of Synopsys by 4.7% in the fourth quarter. Picton Mahoney Asset Management now owns 31,489 shares of the semiconductor company’s stock valued at $15,285,000 after acquiring an additional 1,425 shares in the last quarter. Finally, Midwest Professional Planners LTD. increased its position in Synopsys by 8.0% during the fourth quarter. Midwest Professional Planners LTD. now owns 1,776 shares of the semiconductor company’s stock worth $862,000 after acquiring an additional 132 shares during the period. 85.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on SNPS. Needham & Company LLC restated a “buy” rating and set a $650.00 target price on shares of Synopsys in a research report on Thursday, February 27th. Redburn Atlantic initiated coverage on Synopsys in a report on Monday, January 13th. They issued a “buy” rating and a $600.00 price objective for the company. Wells Fargo & Company reduced their target price on Synopsys from $540.00 to $520.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. Morgan Stanley dropped their price target on Synopsys from $625.00 to $590.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $660.00 price objective on shares of Synopsys in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $638.58.

Synopsys Stock Performance

Shares of SNPS opened at $446.23 on Monday. The business’s 50 day moving average price is $495.89 and its two-hundred day moving average price is $508.30. The firm has a market cap of $69.00 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a 52-week low of $425.73 and a 52-week high of $624.80.

Insider Buying and Selling at Synopsys

In other Synopsys news, insider Geus Aart De sold 15,705 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the completion of the transaction, the insider now directly owns 116,671 shares of the company’s stock, valued at approximately $51,850,925.82. This represents a 11.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 70,922 shares in the company, valued at $32,890,077.50. This represents a 13.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,909 shares of company stock worth $22,794,835. Insiders own 0.62% of the company’s stock.

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.