Insider Selling: Geus Aart De Sells 115,615 Shares of Synopsys Stock (SNPS)
Synopsys (NASDAQ:SNPS) CEO Geus Aart De sold 115,615 shares of Synopsys stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $37.64, for a total transaction of $4,351,748.60. Following the completion of the sale, the chief executive officer now directly owns 637,763 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on SNPS. Analysts at Zacks reiterated a “neutral” rating on shares of Synopsys (NASDAQ:SNPS) in a research note to investors on Wednesday, August 28th. They now have a $38.00 price target on the stock. Analysts at Pacific Crest initiated coverage on shares of Synopsys (NASDAQ:SNPS) in a research note to investors on Tuesday, July 30th. They set an “outperform” rating on the stock.
One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $39.75.
Synopsys (NASDAQ:SNPS) traded up 0.85% on Wednesday, hitting $37.96. The stock had a trading volume of 980,475 shares. Synopsys has a 52 week low of $31.02 and a 52 week high of $38.10. The stock has a 50-day moving average of $37.04 and a 200-day moving average of $36.05. The company has a market cap of $5.861 billion and a P/E ratio of 26.77.
Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.01. The company had revenue of $482.90 million for the quarter, compared to the consensus estimate of $481.90 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. On average, analysts predict that Synopsys will post $2.43 earnings per share for the current fiscal year.
Synopsys, Inc is engaged in providing technology solutions used to develop electronics and electronic systems.
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