Highbridge Capital Management LLC acquired a new stake in shares of Synopsys, Inc. (NASDAQ:SNPS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,194 shares of the semiconductor company’s stock, valued at approximately $2,029,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AXA increased its holdings in shares of Synopsys by 22.8% during the second quarter. AXA now owns 704,528 shares of the semiconductor company’s stock valued at $51,382,000 after acquiring an additional 130,700 shares in the last quarter. Bridgewater Associates LP acquired a new position in shares of Synopsys during the second quarter valued at about $448,000. Swiss National Bank increased its holdings in shares of Synopsys by 0.9% during the third quarter. Swiss National Bank now owns 778,236 shares of the semiconductor company’s stock valued at $62,671,000 after acquiring an additional 7,200 shares in the last quarter. AJO LP increased its holdings in shares of Synopsys by 132.1% during the second quarter. AJO LP now owns 1,449,128 shares of the semiconductor company’s stock valued at $105,685,000 after acquiring an additional 824,879 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Synopsys by 3.0% during the second quarter. Ameriprise Financial Inc. now owns 4,277,670 shares of the semiconductor company’s stock valued at $311,973,000 after acquiring an additional 125,190 shares in the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Shares of Synopsys, Inc. (NASDAQ SNPS) opened at $87.98 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.07. Synopsys, Inc. has a 52-week low of $58.74 and a 52-week high of $94.80. The company has a market capitalization of $13,175.97, a P/E ratio of 71.79, a price-to-earnings-growth ratio of 4.28 and a beta of 1.01.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.12. Synopsys had a return on equity of 5.78% and a net margin of 5.01%. The business had revenue of $696.60 million for the quarter, compared to analyst estimates of $650.72 million. During the same quarter in the prior year, the firm posted $0.77 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. sell-side analysts forecast that Synopsys, Inc. will post 2.24 earnings per share for the current year.

In other Synopsys news, CEO Chi-Foon Chan sold 3,750 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $89.78, for a total value of $336,675.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Chrysostomos L. Nikias sold 21,074 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $89.78, for a total value of $1,892,023.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,824 shares of company stock worth $2,680,349. Insiders own 1.82% of the company’s stock.

SNPS has been the topic of several recent analyst reports. restated an “average” rating on shares of Synopsys in a report on Thursday, September 14th. Needham & Company LLC restated a “buy” rating and set a $83.00 price objective (up previously from $77.00) on shares of Synopsys in a report on Thursday, August 17th. Zacks Investment Research upgraded shares of Synopsys from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Monday, August 21st. DA Davidson restated a “buy” rating and set a $105.00 price objective (up previously from $91.00) on shares of Synopsys in a report on Tuesday, November 28th. Finally, Royal Bank of Canada restated a “buy” rating and set a $120.00 price objective on shares of Synopsys in a report on Thursday, November 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $96.89.

TRADEMARK VIOLATION WARNING: This article was published by Watch List News and is owned by of Watch List News. If you are viewing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this article can be viewed at https://www.watchlistnews.com/highbridge-capital-management-llc-acquires-new-holdings-in-synopsys-inc-snps/1765169.html.

Synopsys Company Profile

Synopsys, Inc provides software, intellectual property (IP) and services. The Company supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves.

Want to see what other hedge funds are holding SNPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synopsys, Inc. (NASDAQ:SNPS).

Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with MarketBeat.com's FREE daily email newsletter.