Marshall Wace LLP Purchases 210,888 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Marshall Wace LLP lifted its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 117.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 390,000 shares of the semiconductor company’s stock after purchasing an additional 210,888 shares during the quarter. Marshall Wace LLP owned approximately 0.25% of Synopsys worth $189,290,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Kieckhefer Group LLC bought a new stake in Synopsys in the 4th quarter valued at $27,000. Whipplewood Advisors LLC acquired a new stake in Synopsys during the fourth quarter valued at approximately $33,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Synopsys in the 4th quarter valued at approximately $34,000. Sierra Ocean LLC acquired a new position in shares of Synopsys in the 4th quarter worth approximately $39,000. Finally, Hazlett Burt & Watson Inc. boosted its stake in Synopsys by 28.6% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 20 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on SNPS shares. KeyCorp cut their price objective on Synopsys from $690.00 to $555.00 and set an “overweight” rating for the company in a report on Tuesday. Piper Sandler decreased their price objective on shares of Synopsys from $655.00 to $653.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $660.00 target price on shares of Synopsys in a research note on Tuesday, February 25th. Wells Fargo & Company dropped their price target on Synopsys from $540.00 to $520.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. Finally, Morgan Stanley cut their price target on Synopsys from $625.00 to $590.00 and set an “overweight” rating for the company in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Synopsys presently has an average rating of “Moderate Buy” and a consensus price target of $623.17.

Insider Buying and Selling

In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $463.75, for a total value of $5,270,982.50. Following the completion of the transaction, the chief executive officer now directly owns 70,922 shares of the company’s stock, valued at approximately $32,890,077.50. The trade was a 13.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $6,979,616.10. Following the transaction, 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 disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

Synopsys Stock Performance

Shares of SNPS stock opened at $425.65 on Wednesday. The firm’s 50 day moving average price is $453.23 and its two-hundred day moving average price is $496.88. The stock has a market cap of $65.81 billion, a PE ratio of 29.31, a PEG ratio of 3.23 and a beta of 1.23. Synopsys, Inc. has a 52-week low of $365.74 and a 52-week high of $624.80.

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.