Greenleaf Trust Acquires 566 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Greenleaf Trust lifted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 8.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,909 shares of the semiconductor company’s stock after acquiring an additional 566 shares during the quarter. Greenleaf Trust’s holdings in Synopsys were worth $3,353,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SNPS. Czech National Bank boosted its stake in shares of Synopsys by 7.3% during the 3rd quarter. Czech National Bank now owns 31,211 shares of the semiconductor company’s stock worth $15,805,000 after acquiring an additional 2,124 shares during the period. HBW Advisory Services LLC bought a new position in shares of Synopsys during the 3rd quarter worth approximately $265,000. GAMMA Investing LLC boosted its stake in shares of Synopsys by 10.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,761 shares of the semiconductor company’s stock worth $892,000 after acquiring an additional 169 shares during the period. Diversified Trust Co boosted its stake in shares of Synopsys by 5.8% during the 3rd quarter. Diversified Trust Co now owns 2,997 shares of the semiconductor company’s stock worth $1,518,000 after acquiring an additional 163 shares during the period. Finally, Green Alpha Advisors LLC boosted its stake in shares of Synopsys by 1.7% during the 3rd quarter. Green Alpha Advisors LLC now owns 1,294 shares of the semiconductor company’s stock worth $655,000 after acquiring an additional 22 shares during the period. 85.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SNPS shares. Rosenblatt Securities reissued a “buy” rating and set a $635.00 price target on shares of Synopsys in a report on Wednesday, December 4th. Berenberg Bank started coverage on Synopsys in a report on Tuesday, October 15th. They set a “buy” rating and a $660.00 price target for the company. Loop Capital started coverage on Synopsys in a report on Monday, November 11th. They set a “buy” rating and a $675.00 price target for the company. Needham & Company LLC reissued a “buy” rating and set a $640.00 price target on shares of Synopsys in a report on Thursday, December 5th. Finally, Wells Fargo & Company dropped their price target on Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $641.82.

Insider Transactions at Synopsys

In related news, CRO Richard S. Mahoney sold 20,838 shares of the business’s 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 owns 1,460 shares in the company, valued at $738,774.60. The trade was a 93.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.66% of the stock is owned by insiders.

Synopsys Stock Performance

Synopsys stock opened at $525.48 on Monday. Synopsys, Inc. has a 52 week low of $457.52 and a 52 week high of $629.38. The stock has a market capitalization of $81.23 billion, a P/E ratio of 36.19, a price-to-earnings-growth ratio of 3.44 and a beta of 1.12. The stock has a fifty day moving average of $516.26 and a 200-day moving average of $520.30.

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.