SevenBridge Financial Group LLC Has $421,000 Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

SevenBridge Financial Group LLC lessened its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 15.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 795 shares of the semiconductor company’s stock after selling 140 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Synopsys were worth $421,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Peloton Wealth Strategists raised its position in Synopsys by 221.2% in the third quarter. Peloton Wealth Strategists now owns 2,881 shares of the semiconductor company’s stock worth $1,459,000 after purchasing an additional 1,984 shares in the last quarter. Nordea Investment Management AB raised its holdings 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 buying an additional 143,284 shares in the last quarter. James Hambro & Partners LLP lifted its position in shares of Synopsys by 30.9% during the 4th quarter. James Hambro & Partners LLP now owns 201,460 shares of the semiconductor company’s stock worth $97,725,000 after buying an additional 47,527 shares during the period. Orion Portfolio Solutions LLC boosted its stake in Synopsys by 53.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 26,272 shares of the semiconductor company’s stock valued at $13,304,000 after buying an additional 9,124 shares in the last quarter. Finally, Synovus Financial Corp grew its position in Synopsys by 199.2% in the third quarter. Synovus Financial Corp now owns 15,062 shares of the semiconductor company’s stock valued at $7,627,000 after acquiring an additional 10,028 shares during the period. 85.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on SNPS. 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. Wells Fargo & Company reduced their price target on shares of Synopsys from $540.00 to $520.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. Redburn Atlantic initiated coverage on shares of Synopsys in a report on Monday, January 13th. They set a “buy” rating and a $600.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and issued a $650.00 target price on shares of Synopsys in a report on Thursday, February 27th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $660.00 price target on shares of Synopsys in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Synopsys has a consensus rating of “Moderate Buy” and a consensus price target of $638.58.

Synopsys Trading Up 0.6 %

Shares of NASDAQ:SNPS opened at $438.55 on Thursday. Synopsys, Inc. has a 1-year low of $422.65 and a 1-year high of $624.80. The stock has a market capitalization of $67.81 billion, a P/E ratio of 30.20, a P/E/G ratio of 3.23 and a beta of 1.16. The business has a 50-day moving average price of $479.67 and a two-hundred day moving average price of $504.45.

Insider Transactions at Synopsys

In other Synopsys news, insider Geus Aart De sold 15,705 shares of Synopsys stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $444.42, for a total transaction 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 approximately $51,850,925.82. The trade was a 11.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Richard S. Mahoney sold 20,838 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total value of $10,544,236.38. Following the completion of the transaction, the executive now directly owns 1,460 shares in the company, valued at approximately $738,774.60. This trade 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 in the last quarter. 0.62% of the stock is owned by company insiders.

About Synopsys

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.