Gardner Lewis Asset Management L P Has $4.76 Million Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Gardner Lewis Asset Management L P raised its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 6.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,798 shares of the semiconductor company’s stock after acquiring an additional 628 shares during the period. Synopsys accounts for 1.2% of Gardner Lewis Asset Management L P’s portfolio, making the stock its 29th largest position. Gardner Lewis Asset Management L P’s holdings in Synopsys were worth $4,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. DnB Asset Management AS raised its stake in shares of Synopsys by 9.3% in the fourth quarter. DnB Asset Management AS now owns 47,127 shares of the semiconductor company’s stock valued at $22,874,000 after purchasing an additional 4,003 shares in the last quarter. Level Four Advisory Services LLC raised its stake in shares of Synopsys by 46.1% in the 4th quarter. Level Four Advisory Services LLC now owns 773 shares of the semiconductor company’s stock valued at $375,000 after buying an additional 244 shares in the last quarter. Premier Fund Managers Ltd lifted its holdings in shares of Synopsys by 40.9% during the 4th quarter. Premier Fund Managers Ltd now owns 22,988 shares of the semiconductor company’s stock worth $11,193,000 after acquiring an additional 6,671 shares during the period. Pictet Asset Management Holding SA increased its stake in Synopsys by 3.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,758,759 shares of the semiconductor company’s stock valued at $853,631,000 after acquiring an additional 60,121 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in Synopsys by 4.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 58,615 shares of the semiconductor company’s stock worth $28,449,000 after purchasing an additional 2,526 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Price Performance

SNPS stock opened at $446.23 on Friday. The company has a 50 day moving average price of $487.40 and a 200 day moving average price of $505.45. Synopsys, Inc. has a fifty-two week low of $425.73 and a fifty-two week high of $624.80. The stock has a market capitalization of $69.00 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 3.23 and a beta of 1.16.

Insider Transactions at Synopsys

In other Synopsys news, insider Geus Aart De sold 15,705 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 116,671 shares of the company’s stock, 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 the SEC website. Also, CRO Richard S. Mahoney sold 20,838 shares of Synopsys stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the sale, the executive now directly owns 1,460 shares of the company’s stock, valued at $738,774.60. This represents a 93.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,909 shares of company stock worth $22,794,835 over the last 90 days. 0.62% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SNPS has been the topic of several analyst reports. Robert W. Baird lowered their price objective on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $660.00 price target on shares of Synopsys in a research report on Tuesday, February 25th. Morgan Stanley reduced their target price on shares of Synopsys from $625.00 to $590.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $650.00 target price on shares of Synopsys in a report on Thursday, February 27th. Finally, Redburn Atlantic began coverage on shares of Synopsys in a report on Monday, January 13th. They set a “buy” rating and a $600.00 price target for the company. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $638.58.

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.