Regal Investment Advisors LLC Has $599,000 Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Regal Investment Advisors LLC grew its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 41.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,235 shares of the semiconductor company’s stock after acquiring an additional 359 shares during the period. Regal Investment Advisors LLC’s holdings in Synopsys were worth $599,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SNPS. Jump Financial LLC acquired a new position in Synopsys during the 4th quarter valued at about $453,000. Anchor Investment Management LLC boosted its position in shares of Synopsys by 35.9% during the fourth quarter. Anchor Investment Management LLC now owns 3,956 shares of the semiconductor company’s stock valued at $1,920,000 after buying an additional 1,045 shares during the last quarter. Bridgewater Associates LP purchased a new stake in Synopsys in the 4th quarter valued at $16,617,000. Guggenheim Capital LLC lifted its stake in Synopsys by 7.0% during the 4th quarter. Guggenheim Capital LLC now owns 84,176 shares of the semiconductor company’s stock valued at $40,856,000 after acquiring an additional 5,484 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of Synopsys in the 4th quarter worth $1,179,000. 85.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SNPS has been the topic of several analyst reports. KeyCorp cut their price target on shares of Synopsys from $690.00 to $555.00 and set an “overweight” rating on the stock in a report on Tuesday. Rosenblatt Securities restated a “buy” rating and issued a $660.00 target price on shares of Synopsys in a research note on Tuesday, February 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $650.00 price target on shares of Synopsys in a research report on Thursday, February 27th. Bank of America dropped their price target on Synopsys from $630.00 to $560.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company reduced their price objective on Synopsys from $540.00 to $520.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $618.31.

Synopsys Trading Down 2.3 %

SNPS stock opened at $415.65 on Thursday. The firm has a market capitalization of $64.27 billion, a P/E ratio of 28.63, a price-to-earnings-growth ratio of 3.23 and a beta of 1.23. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $624.80. The firm has a 50 day moving average of $451.03 and a 200-day moving average of $496.32.

Insider Activity

In related news, CEO Sassine Ghazi sold 11,366 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 70,922 shares of the company’s stock, valued at $32,890,077.50. This represents 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 available through the SEC website. Also, insider Geus Aart De sold 15,705 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $444.42, for a total value of $6,979,616.10. Following the completion of the sale, the insider now owns 116,671 shares of the company’s stock, valued at $51,850,925.82. The trade was a 11.86 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.