Synopsys, Inc. (NASDAQ:SNPS) Position Increased by Napean Trading & Investment Co Singapore PTE Ltd

Napean Trading & Investment Co Singapore PTE Ltd boosted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 7.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 30,687 shares of the semiconductor company’s stock after purchasing an additional 2,176 shares during the period. Synopsys makes up approximately 3.7% of Napean Trading & Investment Co Singapore PTE Ltd’s portfolio, making the stock its 9th biggest holding. Napean Trading & Investment Co Singapore PTE Ltd’s holdings in Synopsys were worth $14,894,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of SNPS. Congress Wealth Management LLC DE lifted its stake in Synopsys by 0.5% in the 4th quarter. Congress Wealth Management LLC DE now owns 37,161 shares of the semiconductor company’s stock worth $18,037,000 after purchasing an additional 192 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Synopsys by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 14,482,776 shares of the semiconductor company’s stock valued at $7,029,360,000 after acquiring an additional 120,575 shares during the last quarter. Stevens Capital Management LP grew its holdings in shares of Synopsys by 6.3% in the fourth quarter. Stevens Capital Management LP now owns 503 shares of the semiconductor company’s stock valued at $244,000 after purchasing an additional 30 shares during the period. LPL Financial LLC increased its position in Synopsys by 33.6% during the fourth quarter. LPL Financial LLC now owns 129,967 shares of the semiconductor company’s stock worth $63,081,000 after purchasing an additional 32,699 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Synopsys during the fourth quarter worth about $26,447,000. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Insider Activity at Synopsys

In related news, insider Geus Aart De sold 15,705 shares of the business’s 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 completion of the transaction, the insider now owns 116,671 shares of the company’s stock, valued at approximately $51,850,925.82. The trade was a 11.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of the firm’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 sale, the chief executive officer now directly 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 sold 47,909 shares of company stock valued at $22,794,835 in the last ninety days. Corporate insiders own 0.62% of the company’s stock.

Synopsys Trading Down 0.3 %

SNPS stock opened at $448.60 on Monday. Synopsys, Inc. has a 52 week low of $425.73 and a 52 week high of $624.80. The company has a market cap of $69.36 billion, a P/E ratio of 30.90, a P/E/G ratio of 3.23 and a beta of 1.16. The company’s 50-day moving average price is $491.19 and its 200 day moving average price is $506.44.

Analysts Set New Price Targets

SNPS has been the subject of a number of recent analyst reports. Piper Sandler cut their price target on shares of Synopsys from $655.00 to $653.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Wells Fargo & Company reduced their target price on Synopsys from $540.00 to $520.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $660.00 price objective on shares of Synopsys in a research note on Tuesday, February 25th. Morgan Stanley decreased their target price on Synopsys from $625.00 to $590.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $650.00 target price on shares of Synopsys in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $638.58.

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.