Westport Advisers Lowers stake in Synopsys (SNPS)

Synopsys (SNPS) : Westport Advisers reduced its stake in Synopsys by 4.87% during the most recent quarter end. The investment management company now holds a total of 976,204 shares of Synopsys which is valued at $46.8 Million after selling 50,000 shares in Synopsys , the firm said in a disclosure report filed with the SEC on May 13, 2016.Synopsys makes up approximately 7.35% of Westport Advisers’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in SNPS in the latest quarter, The investment management firm added 272,496 additional shares and now holds a total of 11,200,263 shares of Synopsys which is valued at $536.6 Million. Synopsys makes up approx 0.04% of Vanguard Group Inc’s portfolio.Credit Agricole S A boosted its stake in SNPS in the latest quarter, The investment management firm added 161,790 additional shares and now holds a total of 504,682 shares of Synopsys which is valued at $24.2 Million. Synopsys makes up approx 0.12% of Credit Agricole S A’s portfolio.Blackrock Fund Advisors boosted its stake in SNPS in the latest quarter, The investment management firm added 326,115 additional shares and now holds a total of 7,476,133 shares of Synopsys which is valued at $358.2 Million. Synopsys makes up approx 0.08% of Blackrock Fund Advisors’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in SNPS by selling 299,610 shares or 5.38% in the most recent quarter. The Hedge Fund company now holds 5,266,384 shares of SNPS which is valued at $252.3 Million. Synopsys makes up approx 0.04% of Blackrock Institutional Trust Company N.a.’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in SNPS by selling 511 shares or 1.43% in the most recent quarter. The Hedge Fund company now holds 35,161 shares of SNPS which is valued at $1.7 Million. Synopsys makes up approx 0.01% of Public Employees Retirement Association Of Colorado’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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