Black Creek Investment Management buys $30.8 Million stake in Synopsys (SNPS)

Synopsys (SNPS) : Black Creek Investment Management scooped up 311,200 additional shares in Synopsys during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 642,100 shares of Synopsys which is valued at $30.8 Million.Synopsys makes up approximately 2.81% of Black Creek Investment Management’s portfolio.

Other Hedge Funds, Including , Teachers Retirement System Of The State Of Kentucky reduced its stake in SNPS by selling 1,000 shares or 2.6% in the most recent quarter. The Hedge Fund company now holds 37,400 shares of SNPS which is valued at $1.8 Million. Synopsys makes up approx 0.02% of Teachers Retirement System Of The State Of Kentucky’s portfolio.Omers Administration Corp reduced its stake in SNPS by selling 6,100 shares or 23.28% in the most recent quarter. The Hedge Fund company now holds 20,100 shares of SNPS which is valued at $962,991. Synopsys makes up approx 0.02% of Omers Administration Corp’s portfolio.Daiwa Securities Group boosted its stake in SNPS in the latest quarter, The investment management firm added 4,300 additional shares and now holds a total of 15,800 shares of Synopsys which is valued at $756,978.Advantus Capital Management Inc reduced its stake in SNPS by selling 100 shares or 0.49% in the most recent quarter. The Hedge Fund company now holds 20,343 shares of SNPS which is valued at $974,633. Synopsys makes up approx 0.03% of Advantus Capital Management Inc’s portfolio.Retirement Systems Of Alabama reduced its stake in SNPS by selling 4,996 shares or 2.49% in the most recent quarter. The Hedge Fund company now holds 195,389 shares of SNPS which is valued at $9.3 Million. Synopsys makes up approx 0.05% of Retirement Systems Of Alabama’s portfolio.

Synopsys opened for trading at $51.19 and hit $51.67 on the upside on Wednesday, eventually ending the session at $51.27, with a gain of 0.18% or 0.09 points. The heightened volatility saw the trading volume jump to 13,03,266 shares. Company has a market cap of $7,769 M.

On the company’s financial health, Synopsys reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.79. The company had revenue of $605.01 million for the quarter, compared to analysts expectations of $601.92 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.

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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