Synopsys Inc (SNPS) Files Form 4 Insider Selling : Brian M Beattie Sells 40,700 Shares

Synopsys Inc (SNPS): Brian M Beattie , EVP, Business Ops. & CAO of Synopsys Inc sold 40,700 shares on Jun 10, 2016. The Insider selling transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were sold at $52.58 per share for a total value of $2,138,902.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 10, 2016, Alfred Castino (director) sold 5,000 shares at $53.24 per share price.On Jun 3, 2016, John F Jr Runkel (General Counsel &) sold 15,000 shares at $52.34 per share price.Also, On May 27, 2016, Deborah A Coleman (director) sold 2,000 shares at $51.64 per share price.On May 20, 2016, Chi-foon Chan (Co-CEO & President) sold 2,000 shares at $49.65 per share price.

Shares of Synopsys (SNPS) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.58 points or -1.09% at $52.5 with 6,96,411 shares getting traded. Post opening the session at $52.59, the shares hit an intraday low of $52.39 and an intraday high of $52.93 and the price vacillated in this range throughout the day. The company has a market cap of $7,971 M and the number of outstanding shares has been calculated to be 15,18,26,270 shares. The 52-week high of Synopsys is $53.46 and the 52-week low is $39.26.

Synopsys Money Flow Index Chart

Company has been under the radar of several Street Analysts.Synopsys is Initiated by RBC Capital Mkts to Outperform and the brokerage firm has set the Price Target at $64. The Rating was issued on Jun 6, 2016.

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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