Synopsys CEO Geus Aart De Sells 133,590 Shares (SNPS)
Synopsys (NASDAQ:SNPS) CEO Geus Aart De unloaded 133,590 shares of the company’s stock on the open market in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $37.66, for a total transaction of $5,030,999.40. Following the transaction, the chief executive officer now directly owns 637,763 shares in the company. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $39.75.
Synopsys (NASDAQ:SNPS) traded up 0.11% on Thursday, hitting $38.00. The stock had a trading volume of 811,766 shares. Synopsys has a 52-week low of $31.02 and a 52-week high of $38.10. The stock’s 50-day moving average is $37.04 and its 200-day moving average is $36.05. The company has a market cap of $5.868 billion and a price-to-earnings ratio of 27.00.
Synopsys (NASDAQ:SNPS) last announced its earnings results 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 last year, the company posted $0.55 earnings per share. Synopsys’s revenue was up 8.8% compared to the same quarter last year. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.