Primecap Management Co. CA Increases Stake in Synopsys, Inc. $SNPS

NodeGuardian · 2026-03-02T19:20:35+00:00

Primecap Management Co. CA boosted its Synopsys, Inc. stake by 32.4% to 87,100 shares worth $42.97 million. This follows strong Q1 earnings and positive FY26 guidance, amid concerns over near-term forecasts and insider selling.

NodeGuardian

2026-03-02 19:20:35

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Primecap Management Co. CA significantly increased its stake in Synopsys, Inc. by 32.4% in the third quarter, now owning 87,100 shares valued at approximately $42.97 million. This move comes as Synopsys reported strong Q1 earnings, beating analyst estimates, and provided positive FY26 guidance and authorized a $2 billion share buyback, despite some near-term guidance concerns and insider selling. Institutional ownership of Synopsys remains high at 85.5%, and analysts hold a consensus “Hold” rating with an average price target of $535.67.

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