Healthcare of Ontario Pension Plan Trust Fund Purchases 21,304 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 150.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,434 shares of the semiconductor company’s stock after buying an additional 21,304 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Synopsys were worth $17,943,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Blueshift Asset Management LLC bought a new stake in Synopsys during the 3rd quarter worth approximately $519,000. Freedom Investment Management Inc. grew its position in Synopsys by 28.2% during the 3rd quarter. Freedom Investment Management Inc. now owns 2,816 shares of the semiconductor company’s stock worth $1,426,000 after acquiring an additional 619 shares during the last quarter. Townsquare Capital LLC grew its position in Synopsys by 9.8% during the 3rd quarter. Townsquare Capital LLC now owns 5,700 shares of the semiconductor company’s stock worth $2,886,000 after acquiring an additional 508 shares during the last quarter. Baldwin Investment Management LLC grew its position in Synopsys by 124.8% during the 3rd quarter. Baldwin Investment Management LLC now owns 5,151 shares of the semiconductor company’s stock worth $2,608,000 after acquiring an additional 2,860 shares during the last quarter. Finally, Thematics Asset Management grew its position in Synopsys by 18.4% during the 3rd quarter. Thematics Asset Management now owns 140,869 shares of the semiconductor company’s stock worth $71,335,000 after acquiring an additional 21,912 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Stock Down 1.1 %

SNPS stock opened at $547.74 on Friday. The business’s fifty day moving average is $524.79 and its 200-day moving average is $545.72. The company has a market cap of $84.14 billion, a P/E ratio of 56.82, a price-to-earnings-growth ratio of 3.34 and a beta of 1.08. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38.

Wall Street Analyst Weigh In

A number of research firms recently commented on SNPS. Robert W. Baird increased their price target on Synopsys from $661.00 to $663.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Berenberg Bank started coverage on Synopsys in a research report on Tuesday, October 15th. They set a “buy” rating and a $660.00 price target on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $635.00 price objective on shares of Synopsys in a report on Friday, August 23rd. Mizuho started coverage on Synopsys in a report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price objective on the stock. Finally, Loop Capital started coverage on Synopsys in a report on Monday, November 11th. They set a “buy” rating and a $675.00 price objective on the stock. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Synopsys currently has a consensus rating of “Moderate Buy” and a consensus target price of $653.80.

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.