Forsta AP Fonden Has $15.73 Million Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

Forsta AP Fonden decreased its stake in Synopsys, Inc. (NASDAQ:SNPS) by 22.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,400 shares of the semiconductor company’s stock after selling 9,200 shares during the period. Forsta AP Fonden’s holdings in Synopsys were worth $15,726,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacifica Partners Inc. acquired a new stake in shares of Synopsys in the third quarter worth $25,000. Kieckhefer Group LLC acquired a new stake in shares of Synopsys in the fourth quarter worth $27,000. Tsfg LLC grew its stake in shares of Synopsys by 75.0% in the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 24 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake in shares of Synopsys by 40.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 20 shares during the last quarter. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Synopsys in the third quarter worth $44,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Stock Performance

Shares of NASDAQ SNPS opened at $512.71 on Thursday. The stock has a market cap of $79.25 billion, a PE ratio of 35.31, a PEG ratio of 3.57 and a beta of 1.12. The business has a fifty day moving average of $518.25 and a two-hundred day moving average of $521.60. Synopsys, Inc. has a 52-week low of $457.52 and a 52-week high of $629.38.

Insider Activity at Synopsys

In related news, CRO Richard S. Mahoney sold 20,838 shares of Synopsys stock in a transaction dated 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 transaction, the executive now directly owns 1,460 shares of the company’s stock, valued at $738,774.60. The trade was a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.66% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SNPS has been the subject of several research reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $635.00 target price on shares of Synopsys in a research report on Wednesday, December 4th. Wells Fargo & Company reduced their target price on Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Mizuho initiated coverage on Synopsys in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 target price for the company. Loop Capital initiated coverage on Synopsys in a research report on Monday, November 11th. They issued a “buy” rating and a $675.00 target price for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $640.00 target price on shares of Synopsys in a research report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Synopsys presently has an average rating of “Moderate Buy” and an average price target of $641.82.

Synopsys Company 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.