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:SNPSFree Report) 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.

View Our Latest Stock Analysis on Synopsys

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

(Free Report)

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.

Read More

Want to see what other hedge funds are holding SNPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synopsys, Inc. (NASDAQ:SNPSFree Report).

Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with MarketBeat.com's FREE daily email newsletter.