Synopsys, Inc. (NASDAQ:SNPS) Shares Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,800 shares of the semiconductor company’s stock after acquiring an additional 1,200 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Synopsys were worth $29,025,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Kieckhefer Group LLC purchased a new position in Synopsys in the 4th quarter valued at about $27,000. Whipplewood Advisors LLC purchased a new stake in shares of Synopsys during the 4th quarter valued at approximately $33,000. Hazlett Burt & Watson Inc. raised its position in Synopsys by 40.0% in 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 period. Sierra Ocean LLC purchased a new stake in Synopsys in the fourth quarter valued at approximately $39,000. Finally, Princeton Global Asset Management LLC purchased a new stake in Synopsys in the third quarter valued at approximately $44,000. 85.47% of the stock is owned by institutional investors and hedge funds.

Synopsys Price Performance

SNPS stock opened at $470.46 on Thursday. The company’s 50 day simple moving average is $507.61 and its 200-day simple moving average is $516.56. The firm has a market capitalization of $72.72 billion, a PE ratio of 32.40, a P/E/G ratio of 3.23 and a beta of 1.12. Synopsys, Inc. has a 12 month low of $457.00 and a 12 month high of $624.80.

Wall Street Analysts Forecast Growth

Several research firms have commented on SNPS. Robert W. Baird dropped their price target on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Piper Sandler reduced their price target on shares of Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Rosenblatt Securities reissued a “buy” rating and issued a $660.00 price target on shares of Synopsys in a research report on Tuesday. Wells Fargo & Company reduced their target price on shares of Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Redburn Atlantic started coverage on shares of Synopsys in a report on Monday, January 13th. They issued a “buy” rating and a $600.00 target price for the company. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Synopsys presently has an average rating of “Moderate Buy” and an average target price of $639.58.

Insider Activity

In related news, CRO Richard S. Mahoney sold 20,838 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the transaction, the executive now owns 1,460 shares of the company’s stock, valued at approximately $738,774.60. This represents a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.62% of the company’s stock.

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.