Picton Mahoney Asset Management Increased Synopsys INC (SNPS) Stake by $6.47 Million

June 27, 2018 - By Maria Fierro

Synopsys, Inc. (NASDAQ:SNPS) Corporate LogoDuring 2018 Q1 the big money sentiment decreased to 0.75. That’s change of 0.31, from 2017Q4’s 1.06. 26 investors sold all, 195 reduced holdings as SNPS ratio dropped. 118 rose positions while 47 funds acquired positions. Funds hold 128.97 million shares thus 0.99% less from 2017Q4’s 130.26 million shares. Gemmer Asset Limited Liability reported 321 shs. Vident Invest Advisory holds 0.02% or 4,423 shs in its capital. Amica Mutual Insur Com holds 0.05% or 4,991 shs. 744 are owned by Commonwealth National Bank & Trust Of. Koch reported 0.03% stake. Westport Asset Mgmt invested in 51,500 shs. Ubs Asset Americas accumulated 651,090 shs. The Hawaii-based C M Bidwell And Assoc Ltd has invested 0.35% in Synopsys, Inc. (NASDAQ:SNPS). California State Teachers Retirement Systems holds 0.05% or 266,709 shs. Ing Groep Nv holds 35,583 shs or 0.05% of its capital. Jefferies Gp Lc owns 31,368 shs. Earnest Prtnrs Ltd Limited Liability Company invested in 643,017 shs or 0.51% of the stock. Commonwealth Of Pennsylvania Public School Empls Retrmt invested 0.02% in Synopsys, Inc. (NASDAQ:SNPS). Legal And General Public Limited Company holds 0.05% in Synopsys, Inc. (NASDAQ:SNPS) or 862,693 shs. Credit Suisse Ag holds 0.03% or 329,625 shs in its capital.

SNPS had 9 selling transactions and 0 insider purchases since January 2, 2018. This’s net activity of $10.76 million. CHAN CHI-FOON had sold 3,609 shs worth $305,949. The insider Logan Joseph W sold $873,410. Shares for $870,000 were sold by RUNKEL JOHN F JR. On Wednesday, January 17 WALSKE STEVEN sold $409,607 worth of Synopsys, Inc. (NASDAQ:SNPS).

In 2018Q1 Securities and Exchange filling is reported Picton Mahoney Asset Management’s stake in Synopsys Inc (SNPS) which was increased by 24.91%. 77,900 shares were bought by Picton Mahoney Asset Management as the company’s stock rose 3.33% while stock markets declined. The technology company at the end of 2018Q1 was valued at $32.51M. It’s up from 312,700 at the end of the previous reported quarter. Now it had 390,600 shares held by the institutional investor . Synopsys Inc has $12.88 billion MC. Ticker’s shares touched $86.41 during the last trading session after 0.13% change.Synopsys, Inc. has volume of 796,552 shares. Since June 27, 2017 SNPS has risen 20.11% and is uptrending. The stock outperformed the S&P500 by 7.54%.

About $1.39 billion US Long portfolio Picton Mahoney Asset Management operates. Its stake in Parker Hannifin Corp (NYSE:PH) was reduced by 72,500 shares to 23,000 shares valued at $3.93M in 2018Q1, according to the filing. Picton Mahoney Asset Management has cut its stake in Parsley Energy Inc (NYSE:PE) and also reduced its holding in Ingredion Inc (NYSE:INGR) by 122,500 shares in the quarter, for a total of 50,400 shares.

More recent Synopsys, Inc. (NASDAQ:SNPS) news were published by Prnewswire.com, Prnewswire.com and Prnewswire.com. The first one has “Arbe Robotics Selects Synopsys’ IP to Enable its High-Resolution Imaging Radar to Achieve the Highest Automotive …” as a title and was published on June 26, 2018. The next is “Vatics Standardizes on Synopsys’ Fusion Technology for its Next-Generation Multimedia SoC Design” on June 22, 2018. And last was published on June 25, 2018, called “Synopsys’ ASIP Designer Tools Enables RIKEN to Successfully Develop Application-Specific Instruction-Set Processor …”.

Synopsys, Inc. (NASDAQ:SNPS) Ratings Coverage

A total of 2 analysts rate Synopsys (NASDAQ:SNPS) as follows: 2 “Buy”, 0 “Hold” and 0 “Sell”. Тherefore 100% are bullish. The firm has $112 highest and $102 lowest target. The avg target $107 is 23.83% above the last ($86.41) price. (NASDAQ:SNPS) has 3 ratings reports on 27 Jun 2018 according to StockzIntelligence. On Thursday, May 24 the firm has “Outperform” rating by Credit Suisse given. On Thursday, February 22 KeyBanc Capital Markets maintained Synopsys, Inc. (NASDAQ:SNPS) with “Overweight” rating. On Thursday, May 24 the firm earned “Overweight” rating by KeyBanc Capital Markets.

Synopsys, Inc. (NASDAQ:SNPS) Institutional Investors Chart

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