Systematic Financial Management LP decreased its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 15.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 167,150 shares of the semiconductor company’s stock after selling 31,591 shares during the period. Systematic Financial Management LP’s holdings in Synopsys were worth $16,483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of Synopsys by 2.4% in the first quarter. Principal Financial Group Inc. now owns 893,070 shares of the semiconductor company’s stock valued at $74,339,000 after purchasing an additional 20,989 shares in the last quarter. Brown Advisory Inc. acquired a new stake in shares of Synopsys in the first quarter valued at approximately $322,000. IFM Investors Pty Ltd increased its holdings in shares of Synopsys by 44.3% in the second quarter. IFM Investors Pty Ltd now owns 7,822 shares of the semiconductor company’s stock valued at $669,000 after purchasing an additional 2,400 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Synopsys by 15.0% in the second quarter. State of Alaska Department of Revenue now owns 37,715 shares of the semiconductor company’s stock valued at $3,225,000 after purchasing an additional 4,930 shares in the last quarter. Finally, Raymond James Trust N.A. increased its holdings in shares of Synopsys by 28.2% in the second quarter. Raymond James Trust N.A. now owns 3,179 shares of the semiconductor company’s stock valued at $272,000 after purchasing an additional 699 shares in the last quarter. 87.72% of the stock is owned by institutional investors.

A number of analysts recently weighed in on the stock. BidaskClub lowered shares of Synopsys from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. KeyCorp raised their price target on shares of Synopsys from $112.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, August 23rd. Zacks Investment Research raised shares of Synopsys from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a report on Tuesday, October 23rd. JPMorgan Chase & Co. raised shares of Synopsys from an “underweight” rating to a “neutral” rating and set a $98.00 price target for the company in a report on Tuesday, October 23rd. Finally, DA Davidson raised their price target on shares of Synopsys to $110.00 and gave the company a “buy” rating in a report on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $107.00.

In other news, EVP Joseph W. Logan sold 20,000 shares of Synopsys stock in a transaction on Friday, August 24th. The shares were sold at an average price of $101.43, for a total transaction of $2,028,600.00. Following the transaction, the executive vice president now directly owns 88,271 shares of the company’s stock, valued at $8,953,327.53. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel John F. Runkel, Jr. sold 10,000 shares of Synopsys stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $102.00, for a total transaction of $1,020,000.00. Following the transaction, the general counsel now directly owns 22,322 shares in the company, valued at $2,276,844. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,609 shares of company stock worth $3,416,177. Insiders own 1.84% of the company’s stock.

SNPS opened at $89.74 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.70 and a quick ratio of 0.70. Synopsys, Inc. has a 52 week low of $80.13 and a 52 week high of $103.40. The firm has a market cap of $13.87 billion, a price-to-earnings ratio of 101.98, a price-to-earnings-growth ratio of 3.67 and a beta of 1.27.

Synopsys (NASDAQ:SNPS) last released its earnings results on Wednesday, August 22nd. The semiconductor company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.03. Synopsys had a net margin of 1.92% and a return on equity of 5.52%. The firm had revenue of $779.70 million during the quarter, compared to analyst estimates of $773.61 million. During the same quarter in the previous year, the business earned $0.92 EPS. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities analysts expect that Synopsys, Inc. will post 1.57 EPS for the current year.

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Synopsys Company Profile

Synopsys, Inc provides electronic design automation (EDA) software products used to design and test integrated circuits (ICs). It offers Galaxy Design platform that offers IC design solutions; Verification Continuum Platform, which provides 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.

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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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