Synopsys, Inc. (NASDAQ:SNPS) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 90.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,134 shares of the semiconductor company’s stock after purchasing an additional 108,716 shares during the period. Handelsbanken Fonder AB’s holdings in Synopsys were worth $111,212,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SNPS. Foundations Investment Advisors LLC raised its stake in shares of Synopsys by 2.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 1,368 shares of the semiconductor company’s stock valued at $693,000 after acquiring an additional 33 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Synopsys by 14.5% during the third quarter. Sequoia Financial Advisors LLC now owns 6,016 shares of the semiconductor company’s stock worth $3,046,000 after buying an additional 760 shares in the last quarter. Leo Wealth LLC grew its holdings in Synopsys by 15.4% during the 3rd quarter. Leo Wealth LLC now owns 541 shares of the semiconductor company’s stock worth $274,000 after acquiring an additional 72 shares in the last quarter. Waldron Private Wealth LLC increased its holdings in Synopsys by 215.7% in the third quarter. Waldron Private Wealth LLC now owns 1,544 shares of the semiconductor company’s stock valued at $782,000 after buying an additional 1,055 shares during the last quarter. Finally, Lecap Asset Management Ltd. purchased a new position in shares of Synopsys in the 3rd quarter valued at about $2,570,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SNPS. Wells Fargo & Company decreased their price objective on Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Rosenblatt Securities reissued a “buy” rating and issued a $635.00 price target on shares of Synopsys in a report on Wednesday, December 4th. Needham & Company LLC restated a “buy” rating and set a $640.00 target price on shares of Synopsys in a research report on Thursday, December 5th. Robert W. Baird dropped their price target on Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Finally, Loop Capital started coverage on Synopsys in a research report on Monday, November 11th. They set a “buy” rating and a $675.00 price objective for the company. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $641.82.

Insider Buying and Selling at Synopsys

In other news, CRO Richard S. Mahoney sold 20,838 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total value of $10,544,236.38. Following the completion of the sale, the executive now owns 1,460 shares of the company’s stock, valued at $738,774.60. This trade represents a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.66% of the stock is owned by corporate insiders.

Synopsys Trading Down 4.6 %

Synopsys stock opened at $500.98 on Thursday. Synopsys, Inc. has a 52 week low of $457.52 and a 52 week high of $629.38. The stock has a market cap of $77.44 billion, a price-to-earnings ratio of 34.50, a PEG ratio of 3.44 and a beta of 1.12. The company’s 50-day moving average price is $511.45 and its two-hundred day moving average price is $517.72.

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.