McGlone Suttner Wealth Management Inc. Sells 455 Shares of Synopsys, Inc. (NASDAQ:SNPS)

McGlone Suttner Wealth Management Inc. decreased its position in Synopsys, Inc. (NASDAQ:SNPS) by 36.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 796 shares of the semiconductor company’s stock after selling 455 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Synopsys were worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SNPS. Pacifica Partners Inc. purchased a new position in Synopsys in the 3rd quarter worth $25,000. Kieckhefer Group LLC bought a new stake in shares of Synopsys in the 4th quarter valued at about $27,000. Tsfg LLC raised its holdings in Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 24 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in Synopsys by 40.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock worth $35,000 after buying an additional 20 shares during the period. Finally, Princeton Global Asset Management LLC bought a new position in Synopsys in the 3rd quarter worth $44,000. Institutional investors own 85.47% of the company’s stock.

Insider Activity at Synopsys

In related news, CRO Richard S. Mahoney sold 20,838 shares of the company’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 completion of the sale, the executive now owns 1,460 shares in the company, valued at approximately $738,774.60. This represents a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.66% of the stock is owned by insiders.

Synopsys Price Performance

Shares of NASDAQ:SNPS opened at $551.54 on Friday. The stock’s fifty day moving average price is $518.10 and its 200-day moving average price is $524.47. The company has a market cap of $85.26 billion, a P/E ratio of 37.98, a PEG ratio of 3.57 and a beta of 1.12. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Mizuho began 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 shares of Synopsys in a report on Monday, November 11th. They issued a “buy” rating and a $675.00 price objective on the stock. Redburn Atlantic began coverage on shares of Synopsys in a report on Monday, January 13th. They set a “buy” rating and a $600.00 target price for the company. Rosenblatt Securities restated a “buy” rating and issued a $635.00 price target on shares of Synopsys in a research note on Wednesday, December 4th. Finally, Berenberg Bank began coverage on Synopsys in a research note on Tuesday, October 15th. They set a “buy” rating and a $660.00 price objective for the company. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Synopsys currently has an average rating of “Moderate Buy” and a consensus price target of $641.82.

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.