MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $10.37 Million Stake in Synopsys, Inc. (NASDAQ:SNPS)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in Synopsys, Inc. (NASDAQ:SNPS) by 78.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 21,305 shares of the semiconductor company’s stock after purchasing an additional 9,357 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Synopsys were worth $10,370,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SNPS. APG Asset Management US Inc. boosted its position in Synopsys by 2.2% in the 2nd quarter. APG Asset Management US Inc. now owns 47,487 shares of the semiconductor company’s stock valued at $28,575,000 after buying an additional 1,012 shares during the last quarter. APG Asset Management N.V. lifted its stake in shares of Synopsys by 32.3% during the second quarter. APG Asset Management N.V. now owns 159,541 shares of the semiconductor company’s stock valued at $88,581,000 after acquiring an additional 38,972 shares during the period. Employees Retirement System of Texas lifted its stake in shares of Synopsys by 73.8% during the second quarter. Employees Retirement System of Texas now owns 15,631 shares of the semiconductor company’s stock valued at $9,301,000 after acquiring an additional 6,635 shares during the period. DeepCurrents Investment Group LLC bought a new position in Synopsys in the second quarter valued at about $227,000. Finally, MBB Public Markets I LLC acquired a new stake in Synopsys in the second quarter worth about $6,553,000. Institutional investors own 85.47% of the company’s stock.

Synopsys Trading Up 1.3 %

SNPS stock opened at $551.54 on Friday. Synopsys, Inc. has a 1-year low of $457.52 and a 1-year high of $629.38. The firm has a market cap of $85.26 billion, a PE ratio of 37.98, a P/E/G ratio of 3.57 and a beta of 1.12. The business’s 50-day moving average price is $518.10 and its two-hundred day moving average price is $524.47.

Analyst Ratings Changes

A number of research firms have issued reports on SNPS. Redburn Atlantic initiated coverage on shares of Synopsys in a research report on Monday, January 13th. They set a “buy” rating and a $600.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and set a $640.00 price target on shares of Synopsys in a research note on Thursday, December 5th. Loop Capital began coverage on shares of Synopsys in a research note on Monday, November 11th. They issued a “buy” rating and a $675.00 price objective on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $635.00 target price on shares of Synopsys in a report on Wednesday, December 4th. Finally, Wells Fargo & Company cut their price target on Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $641.82.

Insider Transactions at Synopsys

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the completion of the transaction, the executive now owns 1,460 shares in the company, valued at approximately $738,774.60. This represents a 93.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.66% of the stock is owned by insiders.

About Synopsys

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.