Synopsys Inc (SNPS) Files Form 4 Insider Selling : Alfred Castino Sells 10,000 Shares

Synopsys Inc (SNPS): Alfred Castino , director of Synopsys Inc sold 10,000 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were sold at $58.44 per share for a total value of $584,436.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 1, 2016, Brian M Beattie (EVP, Business Ops. & CAO) sold 63,125 shares at $59.19 per share price.On Aug 24, 2016, John F Jr Runkel (General Counsel &) sold 10,000 shares at $58.87 per share price.Also, On Aug 23, 2016, Sudhindra Kankanwadi (VP and Corporate Controller) sold 3,409 shares at $58.55 per share price.On Aug 22, 2016, Geus Aart De (Chairman of the Board & Co-CEO) sold 306,000 shares at $58.40 per share price.

Synopsys: On Monday, Sep 12, 2016 heightened volatility was witnessed in Synopsys which led to swings in the share price. The shares opened for trading at $57.98 and hit $59.13 on the upside , eventually ending the session at $59.09, with a gain of 1.32% or 0.77 points. The heightened volatility saw the trading volume jump to 631,541 shares. The 52-week high of the share price is $60 and the company has a market cap of $8,943 M . The 52-week low of the share price is at $39.26.

Synopsys Money Flow Index Chart

Company has been under the radar of several Street Analysts.Synopsys is Reiterated by DA Davidson to Buy and the brokerage firm has raised the Price Target to $ 64 from a previous price target of $60 .The Rating was issued on Aug 18, 2016.Synopsys is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 60 from a previous price target of $54 .The Rating was issued on Aug 18, 2016.Synopsys is Reiterated by The Benchmark Company to Hold and the brokerage firm has raised the Price Target to $ 60 from a previous price target of $50 .The Rating was issued on Aug 18, 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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