Hancock Whitney Corp Sells 286 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Hancock Whitney Corp trimmed its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 3.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,394 shares of the semiconductor company’s stock after selling 286 shares during the period. Hancock Whitney Corp’s holdings in Synopsys were worth $4,757,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Andina Capital Management LLC grew its holdings in shares of Synopsys by 2.8% in the second quarter. Andina Capital Management LLC now owns 664 shares of the semiconductor company’s stock valued at $395,000 after purchasing an additional 18 shares in the last quarter. Cascade Financial Partners LLC lifted its position in Synopsys by 4.9% during the second quarter. Cascade Financial Partners LLC now owns 389 shares of the semiconductor company’s stock valued at $232,000 after purchasing an additional 18 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its position in Synopsys by 40.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 20 shares during the last quarter. Hilltop National Bank grew its stake in shares of Synopsys by 6.0% in the 2nd quarter. Hilltop National Bank now owns 370 shares of the semiconductor company’s stock worth $220,000 after buying an additional 21 shares in the last quarter. Finally, Green Alpha Advisors LLC increased its holdings in shares of Synopsys by 1.7% in the 3rd quarter. Green Alpha Advisors LLC now owns 1,294 shares of the semiconductor company’s stock worth $655,000 after buying an additional 22 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors.

Synopsys Trading Up 0.4 %

Shares of SNPS opened at $567.10 on Monday. The firm has a fifty day moving average price of $520.78 and a 200-day moving average price of $545.63. The firm has a market capitalization of $87.11 billion, a P/E ratio of 58.83, a P/E/G ratio of 3.45 and a beta of 1.08. Synopsys, Inc. has a 12-month low of $457.52 and a 12-month high of $629.38.

Analyst Upgrades and Downgrades

SNPS has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $640.00 price target on shares of Synopsys in a report on Tuesday, October 22nd. Robert W. Baird raised their price objective on Synopsys from $661.00 to $663.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Berenberg Bank began coverage on Synopsys in a research report on Tuesday, October 15th. They set a “buy” rating and a $660.00 target price on the stock. Wells Fargo & Company assumed coverage on Synopsys in a research report on Friday. They issued an “equal weight” rating and a $570.00 price target for the company. Finally, Loop Capital began coverage on shares of Synopsys in a research note on Monday, November 11th. They set a “buy” rating and a $675.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $644.36.

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.