Why Did Synopsys Drop 4.92% After Schroder's Share Sale?

On April 7, 2025, Synopsys experienced a significant drop of 4.92% in pre-market trading, indicating a notable shift in investor sentiment towards the company.

Schroder Investment Management Group recently sold 9,178 shares of Synopsys, Inc. (NASDAQ:SNPS) in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $395.00, amounting to a total transaction value of $3,626,650.00. Following the sale, the institutional investor now directly owns 1,000,000 shares of the company's stock, valued at approximately $395,000,000.00. This transaction has raised concerns among investors about the potential impact on Synopsys's stock price.

In other news, Synopsys, Inc. (NASDAQ:SNPS) has been the subject of several recent research reports. On March 28th, 2025, Zacks Investment Research upgraded Synopsys from a "hold" rating to a "buy" rating and set a price target of $425.00 for the company. The report highlighted Synopsys's strong financial performance and growth prospects in the semiconductor design and verification market. However, the recent sale of shares by Schroder Investment Management Group has cast a shadow over these positive sentiments, leading to increased volatility in the stock price.