Synopsys, Inc. (NASDAQ:SNPS).
Swedbank reports that it raised its stake in Synopsys, Inc. stock by 10.4% in a 13F filing with the SEC. Its stake was valued at $151,882,000 an increase of $15,773,000 according to the filing.
Here are a few additional firms who have increased or decreased their stake in (SNPS). Gateway Investment Advisers LLC expanded its stake by buying 14 shares an increase of 0.1% from 03/31/2017 to 06/30/2017. Gateway Investment Advisers LLC now holds 10,920 shares worth $796,000. The value of the position overall is up by 1.1%. As of the end of the quarter Clinton Group Inc had acquired 1,105 shares growing its stake by 31.2%. The value of the investment in (SNPS) increased from $208,000 to $334,000 a change of 60.6% for the reporting period.
Atria Investments LLC added to its position by buying 227 shares an increase of 2.5% as of 06/30/2017. Atria Investments LLC currently owns 9,202 shares with a value of $671,000. The total value of its holdings increased 3.7%.
On May 21 RBC Capital kept the company rating at “Outperform” but moved up the price target from $53.00 to $55.00. May 21 investment analysts at JP Morgan maintained a company rating of “Neutral” and raised the price target to $48.00 from $46.50.
December 4 investment analysts at Bank of America kept the stock rating at “Buy” and moved up the price target from $48.00 to $51.00. August 21 investment analysts at JP Morgan made no change to the stock rating of “Neutral” but raised the price expectation to $46.50 from $45.00.
May 22 investment analysts at DA Davidson made no change to the company rating of “Buy” and lowered the price expectation from $47.00 to $46.00. Equity analyst Summit Research both upgraded the stock and raised the price target on May 20 changing the price objective from $44.00 to $47.00 and moving the rating from “Hold” to “Buy”.
The company is so far trading up from yesterday’s close of $73.54. Shares of the company are trading at $74.75 a tad above the 50 day moving average of $74.23 and which is marginally higher than the 200 day moving average of $69.19. The 50 day moving average was up $0.41 and the 200 day average moved up $5.45.
The company’s P/E ratio is 41.70 and the market value is 11.22B. As of the latest earnings report the EPS was $1.79 and is expected to be $3.28 for the current year with 150,310,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.55 with next year’s EPS projected to be $3.55.
Investors are a little more bearish on Synopsys, Inc. of late if you pay attention to the motion in short interest. The stock saw a rise in short interest from May 31, 2017 to May 15, 2017 of 66.61%. Short interest grew 1,494,463 over that period. With short interest at 3,737,979 and short average daily volume at 1,843,696, days to cover is 2.0 and the percentage of shorted shares is 0.02% as of May 15.