Ami Asset Management Corp reduced its stake in Synopsys by 1.44% during the most recent quarter end. The investment management company now holds a total of 450,137 shares of Synopsys which is valued at $26,895,686 after selling 6,579 shares in Synopsys , the firm said in a disclosure report filed with the SEC on Oct 18, 2016.Synopsys makes up approximately 1.89% of Ami Asset Management Corps portfolio.
Other Hedge Funds, Including , Mai Capital Management boosted its stake in SNPS in the latest quarter, The investment management firm added 57 additional shares and now holds a total of 21,507 shares of Synopsys which is valued at $1,285,043. Synopsys makes up approx 0.10% of Mai Capital Managements portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund reduced its stake in SNPS by selling 362 shares or 0.8% in the most recent quarter. The Hedge Fund company now holds 45,029 shares of SNPS which is valued at $2,690,483. Synopsys makes up approx 0.06% of Fjarde Ap-fonden Fourth Swedish National Pension Funds portfolio.Gulf International Bank (uk) Ltd reduced its stake in SNPS by selling 200 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 45,337 shares of SNPS which is valued at $2,696,645. Synopsys makes up approx 0.04% of Gulf International Bank (uk) Ltds portfolio.Legal General Group Plc boosted its stake in SNPS in the latest quarter, The investment management firm added 15,486 additional shares and now holds a total of 829,735 shares of Synopsys which is valued at $49,427,314. Synopsys makes up approx 0.05% of Legal General Group Plcs portfolio.Nisa Investment Advisors boosted its stake in SNPS in the latest quarter, The investment management firm added 5,000 additional shares and now holds a total of 59,030 shares of Synopsys which is valued at $3,516,417. Synopsys makes up approx 0.05% of Nisa Investment Advisorss portfolio.
Synopsys closed down -0.57 points or -0.95% at $59.19 with 6,39,053 shares getting traded on Thursday. Post opening the session at $59.57, the shares hit an intraday low of $58.93 and an intraday high of $59.815 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the companys financial health, Synopsys reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 17, 2016. Analyst had a consensus of $0.74. The company had revenue of $615.20 million for the quarter, compared to analysts expectations of $602.89 million. The companys revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.
Many Wall Street Analysts have commented on Synopsys. Credit Suisse Initiated Synopsys on Oct 19, 2016 to Outperform, Price Target of the shares are set at $68.Company shares were Reiterated by DA Davidson on Aug 18, 2016 to Buy, Firm has raised the Price Target to $ 64 from a previous price target of $60 .Company shares were Reiterated by Needham on Aug 18, 2016 to Buy, Firm has raised the Price Target to $ 60 from a previous price target of $54 .
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. It provides software and hardware used to develop the electronic systems that incorporate chips and the software that runs on them. It provides technical services to support its solutions and help its customers develop chips and electronic systems. It is also a provider of software tools that developers use to develop software code in a range of industries including electronics financial services energy and industrials. It offers products and services in four categories: core EDA; IP Systems and Software Integrity; Manufacturing Solutions and Professional Services and Other.
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