Teacher Retirement System of Texas increased its position in shares of Synopsys Inc. (NASDAQ:SNPS) by 7.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 170,384 shares of the company’s stock after buying an additional 11,951 shares during the period. Teacher Retirement System of Texas owned approximately 0.11% of Synopsys worth $10,112,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mizuho Asset Management Co. Ltd. boosted its position in Synopsys by 43.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,963 shares of the company’s stock worth $106,000 after buying an additional 590 shares in the last quarter. Creative Planning boosted its position in Synopsys by 17.2% in the third quarter. Creative Planning now owns 1,884 shares of the company’s stock worth $112,000 after buying an additional 276 shares in the last quarter. Advisor Group Inc. acquired a new position in Synopsys during the second quarter worth approximately $130,000. Penserra Capital Management LLC boosted its position in Synopsys by 100.0% in the third quarter. Penserra Capital Management LLC now owns 2,448 shares of the company’s stock worth $145,000 after buying an additional 1,224 shares in the last quarter. Finally, Capital Investment Counsel Inc acquired a new position in Synopsys during the third quarter worth approximately $201,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

Shares of Synopsys Inc. (NASDAQ:SNPS) traded down 0.29% during mid-day trading on Wednesday, hitting $60.99. The stock had a trading volume of 422,195 shares. The firm has a market cap of $9.23 billion, a PE ratio of 38.90 and a beta of 0.88. Synopsys Inc. has a 12 month low of $39.26 and a 12 month high of $62.00. The stock’s 50-day moving average is $59.60 and its 200 day moving average is $56.33.

TRADEMARK VIOLATION NOTICE: “Teacher Retirement System of Texas Buys 11,951 Shares of Synopsys Inc. (SNPS)” was first posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright laws. The original version of this article can be viewed at https://www.thecerbatgem.com/2016/11/30/teacher-retirement-system-of-texas-buys-11951-shares-of-synopsys-inc-snps.html.

SNPS has been the topic of a number of analyst reports. Needham & Company LLC upped their target price on Synopsys from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, August 18th. DA Davidson increased their price objective on Synopsys from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. Zacks Investment Research cut Synopsys from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Benchmark Co. increased their price objective on Synopsys from $50.00 to $60.00 and gave the stock a “hold” rating in a research note on Thursday, August 18th. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $66.00 price objective on shares of Synopsys in a research note on Tuesday, November 1st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $64.10.

In other news, EVP Brian M. Beattie sold 63,125 shares of Synopsys stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $59.18, for a total transaction of $3,735,737.50. Following the sale, the executive vice president now owns 74,500 shares of the company’s stock, valued at approximately $4,408,910. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alfred Castino sold 10,000 shares of Synopsys stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $58.44, for a total transaction of $584,400.00. Following the sale, the director now directly owns 27,982 shares in the company, valued at approximately $1,635,268.08. The disclosure for this sale can be found here. Insiders own 1.62% of the company’s stock.

About Synopsys

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.

5 Day Chart for NASDAQ:SNPS

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