Graybill Bartz Assoc Ltd buys $2 Million stake in Synopsys (SNPS)

Synopsys (SNPS) : Graybill Bartz Assoc Ltd scooped up 940 additional shares in Synopsys during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 42,490 shares of Synopsys which is valued at $2 Million.Synopsys makes up approximately 1.86% of Graybill Bartz Assoc Ltd’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands sold out all of its stake in SNPS during the most recent quarter. The investment firm sold 60,000 shares of SNPS which is valued $2.9 Million. Pensionfund Sabic sold out all of its stake in SNPS during the most recent quarter. The investment firm sold 30,000 shares of SNPS which is valued $1.4 Million.

On the company’s financial health, Synopsys reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Feb 17, 2016. Analyst had a consensus of $0.61. The company had revenue of $568.60 million for the quarter, compared to analysts expectations of $568.84 million. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

Synopsys closed down -0.37 points or -0.77% at $47.87 with 4,03,739 shares getting traded on Monday. Post opening the session at $48.39, the shares hit an intraday low of $47.77 and an intraday high of $48.69 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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

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