Douglass Winthrop Advisors LLC Buys 1,103 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Douglass Winthrop Advisors LLC increased its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,494 shares of the semiconductor company’s stock after acquiring an additional 1,103 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Synopsys were worth $5,579,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kieckhefer Group LLC purchased a new stake in Synopsys in the 4th quarter worth $27,000. Whipplewood Advisors LLC purchased a new stake in shares of Synopsys in the fourth quarter worth about $33,000. Sierra Ocean LLC purchased a new stake in shares of Synopsys in the fourth quarter worth about $39,000. Newbridge Financial Services Group Inc. bought a new position in Synopsys during the fourth quarter valued at approximately $51,000. Finally, Versant Capital Management Inc grew its holdings in Synopsys by 109.3% during the 4th quarter. Versant Capital Management Inc now owns 113 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 59 shares in the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.

Synopsys Stock Performance

SNPS opened at $449.99 on Friday. Synopsys, Inc. has a one year low of $425.73 and a one year high of $624.80. The stock has a market cap of $69.58 billion, a price-to-earnings ratio of 30.99, a P/E/G ratio of 3.23 and a beta of 1.16. The stock’s 50 day moving average price is $492.07 and its 200-day moving average price is $506.55.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $650.00 target price on shares of Synopsys in a research report on Thursday, February 27th. Redburn Atlantic began coverage on shares of Synopsys in a research report on Monday, January 13th. They set a “buy” rating and a $600.00 price objective for the company. Piper Sandler dropped their price objective on shares of Synopsys from $655.00 to $653.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. Rosenblatt Securities restated a “buy” rating and set a $660.00 target price on shares of Synopsys in a research report on Tuesday, February 25th. Finally, Morgan Stanley lowered their price target on shares of Synopsys from $625.00 to $590.00 and set an “overweight” rating for the company in a report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $638.58.

Insider Buying and Selling at Synopsys

In related news, insider Geus Aart De sold 15,705 shares of Synopsys stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $444.42, for a total transaction 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 trade represents a 11.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of the company’s stock in a transaction dated 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 transaction, 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. Insiders have sold 47,909 shares of company stock valued at $22,794,835 in the last quarter. 0.62% of the stock is owned by insiders.

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.