Synopsys, Inc. $SNPS Shares Sold by Sienna Gestion

Sienna Gestion significantly reduced its stake in Synopsys, Inc. (NASDAQ:SNPS) by 94.9% in Q3, selling 8,198 shares and retaining 442 shares valued at approximately $199,000. This comes as Synopsys reported strong Q3 earnings, beating analyst estimates with EPS of $3.77 and revenue of $2.41 billion, and issued positive FY2026 guidance. Despite some insider selling and mixed analyst ratings, with a consensus “Hold” and an average price target of $531, the company continues to attract institutional investment, with 85.47% of its stock owned by hedge funds and other large investors.