BNP Paribas Has $15.54 Million Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

BNP Paribas increased its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 54.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 32,010 shares of the semiconductor company’s stock after purchasing an additional 11,274 shares during the period. BNP Paribas’ holdings in Synopsys were worth $15,537,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SNPS. Nordea Investment Management AB lifted its position in shares of Synopsys by 15.9% in the 4th quarter. Nordea Investment Management AB now owns 1,043,995 shares of the semiconductor company’s stock worth $509,261,000 after acquiring an additional 143,284 shares during the period. James Hambro & Partners LLP grew its holdings in shares of Synopsys by 30.9% during the fourth quarter. James Hambro & Partners LLP now owns 201,460 shares of the semiconductor company’s stock worth $97,725,000 after purchasing an additional 47,527 shares during the last quarter. Janney Capital Management LLC acquired a new stake in Synopsys in the 4th quarter valued at about $6,082,000. Artemis Investment Management LLP raised its position in Synopsys by 4.5% in the 4th quarter. Artemis Investment Management LLP now owns 24,878 shares of the semiconductor company’s stock worth $12,075,000 after purchasing an additional 1,081 shares during the last quarter. Finally, Fiera Capital Corp raised its position in shares of Synopsys by 33.8% during the fourth quarter. Fiera Capital Corp now owns 196,391 shares of the semiconductor company’s stock worth $95,320,000 after acquiring an additional 49,653 shares during the last quarter. 85.47% of the stock is owned by institutional investors.

Synopsys Trading Up 2.8 %

Synopsys stock opened at $472.28 on Friday. The firm has a market capitalization of $73.02 billion, a price-to-earnings ratio of 32.53, a price-to-earnings-growth ratio of 3.23 and a beta of 1.23. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $624.80. The firm’s fifty day moving average price is $434.61 and its two-hundred day moving average price is $489.85.

Analysts Set New Price Targets

SNPS has been the topic of several analyst reports. Morgan Stanley cut their price objective on shares of Synopsys from $625.00 to $590.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Mizuho dropped their price target on Synopsys from $650.00 to $600.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Bank of America cut their price objective on shares of Synopsys from $630.00 to $560.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Stifel Nicolaus set a $550.00 price target on Synopsys in a research report on Monday, April 28th. Finally, KeyCorp decreased their price objective on Synopsys from $690.00 to $555.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $613.43.

Insiders Place Their Bets

In other Synopsys news, insider Geus Aart De sold 15,705 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the sale, the insider now owns 116,671 shares in the company, valued at $51,850,925.82. This represents a 11.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $5,270,982.50. Following the completion of the transaction, the chief executive officer now owns 70,922 shares of the company’s stock, valued at approximately $32,890,077.50. This represents a 13.81 % decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.

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.