Synopsys, Inc. (NASDAQ:SNPS).
Swedbank reports that it bought 195,582 shares during the last quarter increasing its holdings in Synopsys, Inc. by 10.4%. Its investment stood at $151,882,000 an increase of 11.6% according to the filing.
Here are a few other firms who have updated their positions. Gateway Investment Advisers LLC augmented its stake by buying 14 shares an increase of 0.1% as of 06/30/2017. Gateway Investment Advisers LLC controls 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 bought 1,105 shares growing its stake by 31.2%. The value in dollars went from $208,000 to $334,000 increasing 60.6% quarter over quarter.
As of quarter end Atria Investments LLC had acquired a total of 227 shares growing its position 2.5%. The value of the total investment in Synopsys, Inc. increased from $647,000 to $671,000 a change of 3.7% for the reporting period.
May 21 investment analysts at RBC Capital left the company rating at “Outperform” and raised the price target from $53.00 to $55.00. On May 21 JP Morgan kept the stock rating at “Neutral” but raised the price expectation to $48.00 from $46.50.
On December 4 Bank of America made no change to the company rating of “Buy” and moved up the price target from $48.00 to $51.00. On August 21 JP Morgan held the stock rating at “Neutral” but moved up the price target from $45.00 to $46.50.
On May 22 DA Davidson left the stock rating at “Buy” and lowered the price expectation from $47.00 to $46.00. 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 raising the rating from “Hold” to “Buy”.
The company is now up by 1.65 percent from yesterday’s close. The stock last traded at $74.75 slightly over $74.23, the stock’s 50 day moving average and which is a tad above the 200 day moving average of $69.19. The 50 day moving average went up by +0.55% and the 200 day average went up by +7.87%.
The company currently has a P/E ratio of 41.70 and the market cap is 11.22B. In 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 outstanding. Next quarter’s EPS is expected be $0.55 with next year’s EPS anticipated to be $3.55.
Traders are a little more bearish on shares of the company recently if you take a look at the change in short interest. The stock recorded a rise in short interest of 66.61% as of the latest report on May 15, 2017. Short shares grew from 2,243,516 to 3,737,979 over that timeframe. The short-interest ratio decreased to 2.0 and the short interest percentage is 0.02% as of May 15.