Natixis Has Lowered Stake in Synopsys (SNPS) by $1.04 Million as Market Value Rose; Franklin Resources Lifted Its Unit (UNT) Position by $9.27 Million; Share Price Declined

February 14, 2018 - By Pete Kolinski

Natixis decreased its stake in Synopsys Inc (SNPS) by 30.82% based on its latest 2017Q3 regulatory filing with the SEC. Natixis sold 13,018 shares as the company’s stock rose 0.68% with the market. The institutional investor held 29,214 shares of the technology company at the end of 2017Q3, valued at $2.35M, down from 42,232 at the end of the previous reported quarter. Natixis who had been investing in Synopsys Inc for a number of months, seems to be less bullish one the $12.83 billion market cap company. The stock increased 0.92% or $0.79 during the last trading session, reaching $86.29. About 671,477 shares traded. Synopsys, Inc. (NASDAQ:SNPS) has risen 45.65% since February 14, 2017 and is uptrending. It has outperformed by 28.95% the S&P500.

Franklin Resources Inc increased its stake in Unit Corp (UNT) by 29.33% based on its latest 2017Q3 regulatory filing with the SEC. Franklin Resources Inc bought 463,664 shares as the company’s stock declined 20.81% while stock markets rallied. The institutional investor held 2.04 million shares of the oil & gas production company at the end of 2017Q3, valued at $42.08 million, up from 1.58M at the end of the previous reported quarter. Franklin Resources Inc who had been investing in Unit Corp for a number of months, seems to be bullish on the $1.11B market cap company. The stock increased 3.77% or $0.76 during the last trading session, reaching $20.92. About 262,621 shares traded. Unit Corporation (NYSE:UNT) has risen 62.42% since February 14, 2017 and is uptrending. It has outperformed by 45.72% the S&P500.

Analysts await Synopsys, Inc. (NASDAQ:SNPS) to report earnings on February, 21. They expect $0.65 earnings per share, up 16.07% or $0.09 from last year’s $0.56 per share. SNPS’s profit will be $96.67 million for 33.19 P/E if the $0.65 EPS becomes a reality. After $-0.80 actual earnings per share reported by Synopsys, Inc. for the previous quarter, Wall Street now forecasts -181.25% EPS growth.

Among 9 analysts covering Synopsys Inc. (NASDAQ:SNPS), 6 have Buy rating, 1 Sell and 2 Hold. Therefore 67% are positive. Synopsys Inc. had 28 analyst reports since August 20, 2015 according to SRatingsIntel. The stock of Synopsys, Inc. (NASDAQ:SNPS) earned “Average” rating by Bank of America on Friday, August 28. The firm earned “Hold” rating on Thursday, August 18 by Benchmark. The rating was initiated by RBC Capital Markets with “Outperform” on Monday, June 6. DA Davidson maintained Synopsys, Inc. (NASDAQ:SNPS) on Thursday, August 18 with “Buy” rating. Needham maintained the shares of SNPS in report on Thursday, November 30 with “Buy” rating. The company was initiated on Wednesday, September 9 by Benchmark. The rating was initiated by Credit Suisse on Wednesday, October 19 with “Outperform”. The stock of Synopsys, Inc. (NASDAQ:SNPS) earned “Buy” rating by Needham on Thursday, December 1. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, November 30 report. The stock has “Buy” rating by Pacific Crest on Tuesday, August 25.

Natixis, which manages about $10.85 billion US Long portfolio, upped its stake in Ingredion Inc (NYSE:INGR) by 29,793 shares to 37,349 shares, valued at $4.51M in 2017Q3, according to the filing. It also increased its holding in Starbucks Corp (NASDAQ:SBUX) by 514,965 shares in the quarter, for a total of 993,788 shares, and has risen its stake in Eagle Materials Inc (NYSE:EXP).

Investors sentiment decreased to 1.01 in Q3 2017. Its down 0.19, from 1.2 in 2017Q2. It worsened, as 27 investors sold SNPS shares while 155 reduced holdings. 51 funds opened positions while 133 raised stakes. 131.73 million shares or 0.13% more from 131.56 million shares in 2017Q2 were reported. California State Teachers Retirement Sys reported 253,545 shares stake. 5.78 million were reported by Dodge Cox. D E Shaw And Incorporated owns 0.15% invested in Synopsys, Inc. (NASDAQ:SNPS) for 1.25 million shares. Lombard Odier Asset Management (Switzerland) has 28,030 shares for 0.22% of their portfolio. First Quadrant Ltd Partnership Ca holds 452,696 shares or 0.71% of its portfolio. Verition Fund Limited Liability, a Connecticut-based fund reported 8,552 shares. Nomura Asset Mngmt Limited accumulated 21,614 shares. Monarch Ptnrs Asset Mgmt Ltd holds 0.53% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS) for 68,860 shares. Bedrijfstakpensioenfonds Voor De Media Pno reported 15,983 shares. Intact Management has invested 0.01% in Synopsys, Inc. (NASDAQ:SNPS). Sumitomo Mitsui Asset reported 0.03% stake. Ny State Teachers Retirement has 0.05% invested in Synopsys, Inc. (NASDAQ:SNPS). Rockefeller accumulated 366 shares. Moreover, Comerica Fincl Bank has 0.03% invested in Synopsys, Inc. (NASDAQ:SNPS). Miles Cap Incorporated invested 0.16% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS).

Since August 18, 2017, it had 0 insider purchases, and 3 selling transactions for $3.10 million activity. WALSKE STEVEN sold 4,545 shares worth $409,607. Nikias Chrysostomos L also sold $1.81 million worth of Synopsys, Inc. (NASDAQ:SNPS) shares. On Friday, August 18 Logan Joseph W sold $384,946 worth of Synopsys, Inc. (NASDAQ:SNPS) or 5,000 shares. RUNKEL JOHN F JR sold $880,000 worth of stock.

Among 7 analysts covering Unit (NYSE:UNT), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Unit had 20 analyst reports since August 17, 2015 according to SRatingsIntel. As per Friday, May 6, the company rating was upgraded by Raymond James. SunTrust initiated the shares of UNT in report on Thursday, December 17 with “Buy” rating. SunTrust maintained Unit Corporation (NYSE:UNT) rating on Thursday, November 2. SunTrust has “Buy” rating and $25.0 target. The firm has “Hold” rating by Cowen & Co given on Thursday, January 18. The firm has “Buy” rating given on Friday, June 24 by Seaport Global. The stock of Unit Corporation (NYSE:UNT) earned “Outperform” rating by Iberia Capital Partners on Monday, August 17. The stock of Unit Corporation (NYSE:UNT) earned “Reduce” rating by KLR Group on Tuesday, December 13. The rating was maintained by Cowen & Co with “Hold” on Thursday, October 19. The firm has “Hold” rating given on Tuesday, July 25 by KLR Group. Cowen & Co maintained Unit Corporation (NYSE:UNT) rating on Friday, September 15. Cowen & Co has “Hold” rating and $25.0 target.

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