Comerica Bank Sells 2,858 Shares of Synopsys, Inc. $SNPS

Comerica Bank reduced its stake in Synopsys, Inc. (NASDAQ:SNPS) by 8.5% in the fourth quarter, selling 2,858 shares and holding 30,913 shares valued at $14.52 million. Despite Comerica Bank’s reduction, several other institutional investors, including Vanguard Group Inc. and Nichols & Pratt Advisers LLP MA, increased their holdings in Synopsys during the same period. Synopsys recently reported strong quarterly earnings, beating analyst estimates, and has received a “Hold” consensus rating from analysts with an average target price of $531.00.

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