Ecofi Investissements SA Has $5.10 Million Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Ecofi Investissements SA cut its position in Synopsys, Inc. (NASDAQ:SNPS) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,350 shares of the semiconductor company’s stock after selling 50 shares during the quarter. Synopsys accounts for about 3.2% of Ecofi Investissements SA’s holdings, making the stock its 16th biggest holding. Ecofi Investissements SA’s holdings in Synopsys were worth $5,104,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SNPS. Kieckhefer Group LLC acquired a new stake in Synopsys during the 4th quarter worth about $27,000. Whipplewood Advisors LLC acquired a new stake in Synopsys in the 4th quarter valued at $33,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Synopsys during the fourth quarter worth about $34,000. Sierra Ocean LLC bought a new stake in Synopsys during the 4th quarter worth approximately $39,000. Finally, Hazlett Burt & Watson Inc. lifted its stake in Synopsys by 28.6% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 20 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Geus Aart De sold 15,705 shares of Synopsys stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 116,671 shares in the company, valued at approximately $51,850,925.82. This trade represents a 11.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction dated Monday, March 3rd. The shares were 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. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SNPS. Rosenblatt Securities reaffirmed a “buy” rating and issued a $660.00 price target on shares of Synopsys in a report on Tuesday, February 25th. Mizuho decreased their target price on shares of Synopsys from $650.00 to $600.00 and set an “outperform” rating on the stock in a report on Tuesday. KeyCorp dropped their target price on shares of Synopsys from $690.00 to $555.00 and set an “overweight” rating for the company in a research report on Tuesday. Morgan Stanley cut their price objective on Synopsys from $625.00 to $590.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Finally, Redburn Atlantic began coverage on shares of Synopsys in a research report on Monday, January 13th. They issued a “buy” rating and a $600.00 target price on the stock. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $618.31.

Synopsys Trading Down 0.6 %

Shares of NASDAQ:SNPS opened at $413.32 on Friday. The company has a market capitalization of $63.91 billion, a PE ratio of 28.47, a P/E/G ratio of 3.23 and a beta of 1.23. The business’s fifty day simple moving average is $446.35 and its 200-day simple moving average is $495.11. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $624.80.

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.