Why Did Synopsys Drop 5.68%? Institutional Sale Sparks Concern

On April 7, 2025, Synopsys experienced a significant drop of 5.68% 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 of $3,626,650.00. Following the sale, the institutional investor now directly owns 1,000 shares of the company's stock, valued at approximately $395,000.00. This transaction has raised concerns among investors about the potential impact on Synopsys's stock performance.

Additionally, Synopsys, Inc. (NASDAQ:SNPS) has been the subject of several other recent research reports. In a report issued on Wednesday, March 19th, Needham & Company LLC reiterated a "buy" rating on shares of Synopsys. The firm set a $420.00 price target on the stock. Separately, Piper Sandler reiterated an "overweight" rating and set a $420.00 price target on shares of Synopsys in a research note on Wednesday, March 19th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $415.00.

Synopsys, Inc. (NASDAQ:SNPS) is a leading provider of electronic design automation (EDA) software solutions. The company's products are used by semiconductor companies and system designers to create and verify integrated circuits. Synopsys's software solutions are designed to help customers reduce the time and cost of developing new products, while also improving the quality and performance of their designs. The company's products are used in a wide range of applications, including automotive, communications, consumer electronics, and industrial.