Renaissance Group LLC raised its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 2.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 438,269 shares of the semiconductor company’s stock after buying an additional 11,322 shares during the period. Synopsys comprises approximately 1.2% of Renaissance Group LLC’s investment portfolio, making the stock its 20th biggest position. Renaissance Group LLC owned approximately 0.29% of Synopsys worth $35,294,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Capstone Asset Management Co. boosted its stake in Synopsys by 4.3% in the 2nd quarter. Capstone Asset Management Co. now owns 9,435 shares of the semiconductor company’s stock worth $688,000 after purchasing an additional 390 shares during the period. LS Investment Advisors LLC boosted its stake in Synopsys by 3.2% in the 2nd quarter. LS Investment Advisors LLC now owns 7,461 shares of the semiconductor company’s stock worth $544,000 after purchasing an additional 232 shares during the period. Louisiana State Employees Retirement System boosted its stake in Synopsys by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 9,300 shares of the semiconductor company’s stock worth $678,000 after purchasing an additional 100 shares during the period. Aperio Group LLC boosted its stake in Synopsys by 16.1% in the 2nd quarter. Aperio Group LLC now owns 126,696 shares of the semiconductor company’s stock worth $9,240,000 after purchasing an additional 17,587 shares during the period. Finally, First Citizens Bank & Trust Co. boosted its stake in Synopsys by 306.3% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 25,700 shares of the semiconductor company’s stock worth $1,874,000 after purchasing an additional 19,375 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

A number of equities analysts recently commented on the stock. BidaskClub lowered shares of Synopsys from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Royal Bank Of Canada raised shares of Synopsys from an “outperform” rating to a “top pick” rating and raised their price objective for the stock from $90.00 to $100.00 in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of Synopsys from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Monday, August 21st. Credit Suisse Group reaffirmed a “positive” rating and issued a $90.00 price objective (up previously from $82.00) on shares of Synopsys in a research note on Tuesday, August 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $83.00 price objective (up previously from $77.00) on shares of Synopsys in a research note on Thursday, August 17th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $85.25.

ILLEGAL ACTIVITY WARNING: This piece of content was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/11/21/renaissance-group-llc-raises-position-in-synopsys-inc-snps.html.

Synopsys, Inc. (NASDAQ:SNPS) traded up $0.54 during mid-day trading on Tuesday, reaching $88.90. 721,400 shares of the company’s stock were exchanged, compared to its average volume of 1,048,864. Synopsys, Inc. has a 12 month low of $56.03 and a 12 month high of $89.40. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The stock has a market cap of $13,360.00, a P/E ratio of 35.49, a price-to-earnings-growth ratio of 4.02 and a beta of 1.00.

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.

Institutional Ownership by Quarter for Synopsys (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.