Wells Fargo Begins Coverage of Synopsys with Equal-Weight Rating
Fintel reports that on November 22, 2024, Wells Fargo initiated coverage of Synopsys (WBAG:SYNP) with a Equal-Weight recommendation.
Current Fund Sentiment Around Synopsys
Currently, 2,349 funds or institutions hold positions in Synopsys. This marks a decrease of 39 owners, or 1.63%, compared to the last quarter. The average portfolio weight of all funds invested in SYNP has risen by 9.01% to reach 0.42%. However, total shares owned by institutions have diminished by 0.86% over the past three months to 164,195K shares.
BlackRock continues to maintain a significant stake, holding 13,246K shares, which equates to 8.62% of ownership in the company.
Meanwhile, Capital World Investors holds 7,165K shares for 4.66% ownership, a decline from the 7,395K shares reported earlier. This represents a decrease of 3.21% and a reduced portfolio allocation of 21.61% over the last quarter.
Price T Rowe Associates reported a decrease, owning 4,857K shares or 3.16% of the company. The previous filing showed 5,548K shares, marking a 14.22% drop and a significant reduction of 64.21% in their portfolio allocation.
On a more positive note, VTSMX – Vanguard Total Stock Market Index Fund Investor Shares increased their holdings from 4,795K to 4,840K shares, representing an increase of 0.93% and a portfolio allocation increase of 2.20% in the last quarter.
Lastly, J.P. Morgan Chase has reported a significant decrease in shares, now holding 4,054K shares, down from 5,917K — a drop of 45.96% and reducing their portfolio by 96.36%.
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This story originally appeared on Fintel.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
