B. Metzler seel. Sohn & Co. Holding AG Takes $46.54 Million Position in Synopsys, Inc. (NASDAQ:SNPS)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Synopsys, Inc. (NASDAQ:SNPS) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 91,907 shares of the semiconductor company’s stock, valued at approximately $46,541,000. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.06% of Synopsys as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in SNPS. Kingsview Wealth Management LLC acquired a new stake in shares of Synopsys during the 1st quarter worth about $239,000. O Shaughnessy Asset Management LLC increased its position in shares of Synopsys by 13.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 16,656 shares of the semiconductor company’s stock worth $9,519,000 after purchasing an additional 1,929 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Synopsys by 158.4% during the 1st quarter. Clearbridge Investments LLC now owns 204,677 shares of the semiconductor company’s stock worth $116,973,000 after purchasing an additional 125,464 shares in the last quarter. Lake Street Advisors Group LLC increased its position in shares of Synopsys by 33.9% during the 1st quarter. Lake Street Advisors Group LLC now owns 872 shares of the semiconductor company’s stock worth $498,000 after purchasing an additional 221 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Synopsys during the 1st quarter worth about $29,985,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Price Performance

Shares of NASDAQ:SNPS opened at $523.98 on Tuesday. The company has a market capitalization of $80.49 billion, a price-to-earnings ratio of 54.35, a P/E/G ratio of 3.18 and a beta of 1.08. The firm’s 50 day simple moving average is $515.34 and its 200 day simple moving average is $545.52. Synopsys, Inc. has a fifty-two week low of $457.52 and a fifty-two week high of $629.38.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.15. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.52 billion. Synopsys had a net margin of 24.06% and a return on equity of 22.09%. Synopsys’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the company posted $2.17 EPS. Equities research analysts expect that Synopsys, Inc. will post 9.45 earnings per share for the current year.

Analysts Set New Price Targets

SNPS has been the subject of a number of recent analyst reports. Loop Capital assumed coverage on shares of Synopsys in a research report on Monday, November 11th. They set a “buy” rating and a $675.00 target price for the company. JPMorgan Chase & Co. increased their price objective on shares of Synopsys from $655.00 to $685.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Needham & Company LLC reissued a “buy” rating and set a $640.00 price objective on shares of Synopsys in a report on Tuesday, October 22nd. Berenberg Bank assumed coverage on shares of Synopsys in a report on Tuesday, October 15th. They set a “buy” rating and a $660.00 price objective on the stock. Finally, Robert W. Baird increased their price objective on shares of Synopsys from $661.00 to $663.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Synopsys has a consensus rating of “Buy” and an average target price of $649.82.

Insider Activity at Synopsys

In related news, CEO Sassine Ghazi sold 10,293 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $553.89, for a total value of $5,701,189.77. Following the sale, the chief executive officer now directly owns 62,568 shares in the company, valued at $34,655,789.52. This trade represents a 14.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.66% of the stock is currently owned by corporate insiders.

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.