Toroso Investments LLC Grows Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

Toroso Investments LLC increased its position in shares of Synopsys, Inc. (NASDAQ:SNPS – Get Rating) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,926 shares of the semiconductor company’s stock after buying an additional 136 shares during the quarter. Toroso Investments LLC’s holdings in Synopsys were worth $1,199,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of Synopsys by 0.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 176,442 shares of the semiconductor company’s stock valued at $53,905,000 after buying an additional 929 shares during the period. CTC Capital Management LLC purchased a new stake in shares of Synopsys during the 3rd quarter valued at approximately $1,008,000. Natixis raised its position in shares of Synopsys by 1,314.1% during the 2nd quarter. Natixis now owns 12,882 shares of the semiconductor company’s stock valued at $3,912,000 after buying an additional 11,971 shares during the period. Walleye Capital LLC purchased a new stake in shares of Synopsys during the 2nd quarter valued at approximately $2,925,000. Finally, Wipfli Financial Advisors LLC purchased a new stake in shares of Synopsys during the 3rd quarter valued at approximately $653,000. Hedge funds and other institutional investors own 84.68% of the company’s stock.

Synopsys Stock Down 0.4 %

NASDAQ:SNPS opened at $372.53 on Friday. The company has a fifty day simple moving average of $356.08 and a two-hundred day simple moving average of $329.88. The company has a market cap of $56.74 billion, a price-to-earnings ratio of 61.47, a price-to-earnings-growth ratio of 3.28 and a beta of 1.18. Synopsys, Inc. has a 52 week low of $255.02 and a 52 week high of $391.17.

Synopsys (NASDAQ:SNPS – Get Rating) last issued its earnings results on Wednesday, February 15th. The semiconductor company reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.12. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. Synopsys had a net margin of 18.22% and a return on equity of 16.88%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.78 earnings per share. On average, analysts expect that Synopsys, Inc. will post 7.2 EPS for the current year.

Insider Buying and Selling

In related news, COO Sassine Ghazi sold 29,136 shares of the business’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $319.46, for a total transaction of $9,307,786.56. Following the completion of the transaction, the chief operating officer now owns 52,609 shares in the company, valued at $16,806,471.14. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, COO Sassine Ghazi sold 29,136 shares of the business’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $319.46, for a total transaction of $9,307,786.56. Following the completion of the transaction, the chief operating officer now owns 52,609 shares in the company, valued at $16,806,471.14. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Sudhindra Kankanwadi sold 4,000 shares of the company’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $361.08, for a total transaction of $1,444,320.00. Following the completion of the transaction, the chief accounting officer now owns 16,723 shares of the company’s stock, valued at approximately $6,038,340.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,736 shares of company stock worth $21,590,891. Corporate insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on SNPS shares. Rosenblatt Securities reissued a “buy” rating and issued a $420.00 target price on shares of Synopsys in a research report on Tuesday, February 14th. Wells Fargo & Company boosted their target price on Synopsys from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Thursday, February 16th. StockNews.com started coverage on Synopsys in a research report on Thursday. They issued a “buy” rating on the stock. Needham & Company LLC boosted their target price on Synopsys from $420.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, February 16th. Finally, Bank of America raised Synopsys from a “neutral” rating to a “buy” rating and set a $410.00 target price on the stock in a research report on Friday, December 16th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $424.18.

About Synopsys

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Synopsys, Inc engages in the provision of software products and consulting services in the electronic design automation industry. It operates through the following segments: Semiconductor and System Design, and Software Integrity. The Semiconductor and System Design segment includes the EDA, IP and System Integration.