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Teacher Retirement System of Texas Purchases 4,808 Shares of Synopsys, Inc. $SNPS
The Teacher Retirement System of Texas increased its stake in Synopsys, Inc. (NASDAQ:SNPS) by 16.8%, acquiring an additional 4,808 shares to bring its total holdings to 33,413 shares, valued at approximately $15.695 million. This increase follows Synopsys’ strong Q4 earnings, where it surpassed analyst expectations with an EPS of $3.77 and revenue of $2.41 billion, a 65.6% year-over-year increase. Despite a consensus “Hold” rating from analysts, the company’s shares opened higher after the earnings report, and institutional investors now own 85.47% of its stock.