Newest Short Interest Filing: What’s Ahead for Synopsys Incorporated (NASDAQ:SNPS) After More Shorted Shares?

November 16, 2016 - By Dolores Ford   ·   0 Comments

Newest Short Interest Filing: What’s Ahead for Synopsys Incorporated (NASDAQ:SNPS) After More Shorted Shares?

The stock of Synopsys Incorporated (NASDAQ:SNPS) registered an increase of 4.18% in short interest. SNPS’s total short interest was 2.76 million shares in November as published by FINRA. Its up 4.18% from 2.65 million shares, reported previously. With 806,800 shares average volume, it will take short sellers 3 days to cover their SNPS’s short positions. The short interest to Synopsys Incorporated’s float is 1.84%. About 71,645 shares traded hands. Synopsys, Inc. (NASDAQ:SNPS) has risen 24.89% since April 14, 2016 and is uptrending. It has outperformed by 20.20% the S&P500.

Synopsys, Inc. provides software, intellectual property and services. The company has a market cap of $9.23 billion. The Firm supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It has a 38.56 P/E ratio. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip creates rather than designing those circuits themselves.

Insitutional Activity: The institutional sentiment decreased to 1.1 in 2016 Q2. Its down 0.10, from 1.2 in 2016Q1. The ratio dropped, as 29 funds sold all Synopsys, Inc. shares owned while 117 reduced positions. 36 funds bought stakes while 124 increased positions. They now own 135.51 million shares or 1.51% less from 137.58 million shares in 2016Q1.
Blackrock Japan Limited holds 0.05% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS) for 240,671 shares. State Teachers Retirement Systems holds 0.04% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS) for 305,309 shares. The Ontario – Canada-based Black Creek Inv Mgmt has invested 2.24% in Synopsys, Inc. (NASDAQ:SNPS). Ig Investment Mngmt Ltd has invested 0% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS). Pictet Asset Mngmt Limited owns 850,862 shares or 0.17% of their US portfolio. Moreover, D E Shaw Com has 0.01% invested in Synopsys, Inc. (NASDAQ:SNPS) for 78,228 shares. Meritage Port Mngmt has invested 0.76% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS). Regions Fincl Corporation reported 15,332 shares or 0.01% of all its holdings. Rhumbline Advisers, a Massachusetts-based fund reported 248,348 shares. Ftb Advisors owns 699 shares or 0.01% of their US portfolio. Andra Ap last reported 0.34% of its portfolio in the stock. Cornerstone Advisors Inc accumulated 80 shares or 0% of the stock. Mitsubishi Ufj Tru Corp owns 386,970 shares or 0.05% of their US portfolio. Henderson Grp Public Ltd Com holds 19,465 shares or 0.01% of its portfolio. State Of Tennessee Treasury Department accumulated 0.02% or 67,100 shares.

Insider Transactions: Since May 20, 2016, the stock had 0 insider purchases, and 11 sales for $27.91 million net activity. DE GEUS AART sold $17.87M worth of stock. COLEMAN DEBORAH A had sold 2,000 shares worth $103,275 on Friday, May 27. BEATTIE BRIAN M had sold 40,700 shares worth $2.14M on Friday, June 10. RUNKEL JOHN F JR sold $588,689 worth of Synopsys, Inc. (NASDAQ:SNPS) on Tuesday, August 23. The insider CASTINO ALFRED sold $266,186. CHAN CHI-FOON also sold $99,305 worth of Synopsys, Inc. (NASDAQ:SNPS) shares. 3,409 shares with value of $199,599 were sold by Kankanwadi Sudhindra on Monday, August 22.

Synopsys, Inc. (NASDAQ:SNPS) Ratings Coverage

Out of 7 analysts covering Synopsys Inc. (NASDAQ:SNPS), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Synopsys Inc. has been the topic of 15 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The company was initiated on Monday, June 6 by RBC Capital Markets. Pacific Crest maintained the shares of SNPS in a report on Tuesday, August 25 with “Buy” rating. Needham maintained the shares of SNPS in a report on Thursday, August 18 with “Buy” rating. The stock has “Outperform” rating given by Credit Suisse on Wednesday, October 19. The firm has “Buy” rating given on Thursday, August 18 by DA Davidson. As per Thursday, August 18, the company rating was maintained by Benchmark. maintained the shares of SNPS in a report on Monday, October 10 with “Buy” rating. The firm has “Average” rating by Bank of America given on Friday, August 28. On Wednesday, September 9 the stock rating was initiated by Benchmark with “Hold”.

SNPS Company Profile

Synopsys, Inc., incorporated on May 7, 1987, provides software, intellectual property (IP) and services. The Firm supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits (ICs), also known as chips. The Firm also offers IP products, which are pre-designed circuits that engineers use as components of larger chip creates rather than designing those circuits themselves. The Firm provides software and hardware used to develop the electronic systems that incorporate chips and the software that runs on them. The Firm provides technical services to support its solutions and help its clients develop chips and electronic systems. The Firm is also a well-known provider of software tools that developers use to develop software code in a range of industries, including electronics, financial services, energy and industrials. The Firm offers services and products in four categories: core EDA; IP, Systems and Software Integrity; Manufacturing Solutions, and Professional Services and Other.

Another recent and important Synopsys, Inc. (NASDAQ:SNPS) news was published by Equitiesfocus.com which published an article titled: “Synopsys, Inc. (NASDAQ:SNPS) Quarterly EPS From Continuing Operations Stands …” on November 16, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Dolores Ford


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>