Quantbot Technologies LP Has $11.15 Million Stake in Synopsys, Inc. (SNPS)

Quantbot Technologies LP grew its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 94.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 113,099 shares of the semiconductor company’s stock after acquiring an additional 54,802 shares during the quarter. Synopsys accounts for approximately 0.8% of Quantbot Technologies LP’s investment portfolio, making the stock its 6th biggest position. Quantbot Technologies LP’s holdings in Synopsys were worth $11,152,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Synopsys by 5.2% in the second quarter. BlackRock Inc. now owns 14,683,291 shares of the semiconductor company’s stock valued at $1,256,450,000 after acquiring an additional 731,655 shares during the period. Pictet Asset Management Ltd. lifted its position in Synopsys by 0.8% during the third quarter. Pictet Asset Management Ltd. now owns 3,277,858 shares of the semiconductor company’s stock worth $323,230,000 after purchasing an additional 24,532 shares during the period. JPMorgan Chase & Co. lifted its position in Synopsys by 3.0% during the third quarter. JPMorgan Chase & Co. now owns 3,125,440 shares of the semiconductor company’s stock worth $308,202,000 after purchasing an additional 90,267 shares during the period. Northern Trust Corp lifted its position in Synopsys by 0.3% during the second quarter. Northern Trust Corp now owns 1,864,897 shares of the semiconductor company’s stock worth $159,580,000 after purchasing an additional 6,262 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Synopsys by 32.1% during the third quarter. Wells Fargo & Company MN now owns 1,340,021 shares of the semiconductor company’s stock worth $132,140,000 after purchasing an additional 325,570 shares during the period. 91.70% of the stock is owned by institutional investors.

SNPS opened at $85.59 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $12.72 billion, a P/E ratio of 97.26, a PEG ratio of 3.37 and a beta of 1.27. Synopsys, Inc. has a twelve month low of $80.13 and a twelve month high of $103.40.

Several equities research analysts recently weighed in on SNPS shares. BidaskClub cut shares of Synopsys from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. JPMorgan Chase & Co. upped their price objective on shares of Synopsys to $98.00 and gave the stock an “underweight” rating in a research report on Thursday, August 23rd. KeyCorp upped their price objective on shares of Synopsys from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $105.00 price objective (up previously from $100.00) on shares of Synopsys in a research report on Thursday, August 23rd. Finally, DA Davidson upped their price objective on shares of Synopsys to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $108.50.

In other Synopsys news, General Counsel John F. Runkel, Jr. sold 10,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the general counsel now owns 22,322 shares of the company’s stock, valued at $2,276,844. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.84% of the stock is currently owned by insiders.

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About Synopsys

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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