Zurcher Kantonalbank Zurich Cantonalbank Buys 625 Shares of Synopsys, Inc. (SNPS)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Synopsys, Inc. (NASDAQ:SNPS) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,907 shares of the semiconductor company’s stock after acquiring an additional 625 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Synopsys were worth $3,442,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SNPS. BlackRock Inc. lifted 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 in the last quarter. Voya Investment Management LLC lifted its position in shares of Synopsys by 142.8% in the second quarter. Voya Investment Management LLC now owns 936,019 shares of the semiconductor company’s stock valued at $80,095,000 after acquiring an additional 550,522 shares in the last quarter. PointState Capital LP purchased a new stake in shares of Synopsys in the second quarter valued at $35,129,000. Parnassus Investments CA purchased a new stake in shares of Synopsys in the second quarter valued at $29,066,000. Finally, Wells Fargo & Company MN lifted its position in shares of Synopsys by 32.1% in the third quarter. Wells Fargo & Company MN now owns 1,340,021 shares of the semiconductor company’s stock valued at $132,140,000 after acquiring an additional 325,570 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

Several equities analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Synopsys to $98.00 and gave the company an “underweight” rating in a research note on Thursday, August 23rd. DA Davidson upped their target price on Synopsys to $110.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $105.00 target price (up from $100.00) on shares of Synopsys in a research note on Thursday, August 23rd. BidaskClub lowered Synopsys from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 7th. Finally, KeyCorp upped their target price on Synopsys from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $106.86.

Synopsys stock opened at $91.94 on Friday. The firm has a market capitalization of $13.66 billion, a P/E ratio of 104.48, a price-to-earnings-growth ratio of 3.61 and a beta of 1.27. Synopsys, Inc. has a 52 week low of $80.13 and a 52 week high of $103.40. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.04.

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Synopsys Profile

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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