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Synopsys, Inc. $SNPS Shares Purchased by China Universal Asset Management Co. Ltd.
China Universal Asset Management Co. Ltd. significantly increased its stake in Synopsys, Inc. ($SNPS) during the fourth quarter, adding 3,575 shares to hold a total of 14,810 shares valued at approximately $6.96 million. Synopsys recently surpassed Q4 earnings estimates, reporting an EPS of $3.77 and revenue of $2.41 billion, a 65.6% year-over-year increase. The company has a current consensus rating of “Hold” with an average price target of $531, and institutional investors own a substantial 85.47% of its stock.