Great Lakes Advisors Lifted Its State Str (STT) Holding; Synopsys Has 1.01 Sentiment

January 17, 2018 - By Darrin Black

Great Lakes Advisors Llc increased State Str Corp (STT) stake by 225.26% reported in 2017Q3 SEC filing. Great Lakes Advisors Llc acquired 22,706 shares as State Str Corp (STT)’s stock rose 0.17%. The Great Lakes Advisors Llc holds 32,786 shares with $3.13 million value, up from 10,080 last quarter. State Str Corp now has $39.52B valuation. The stock increased 0.57% or $0.6 during the last trading session, reaching $106.57. About 932,391 shares traded. State Street Corporation (NYSE:STT) has risen 33.09% since January 17, 2017 and is uptrending. It has outperformed by 16.39% the S&P500.

Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits (ICs). The company has market cap of $13.56 billion. It offers Galaxy Design platform that provides IC design solutions; Verification Continuum Platform, which offers virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA) prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions. It has a 103.64 P/E ratio. The firm also provides DesignWare intellectual property (IP) solutions for USB, PCI Express, DDR, Ethernet, SATA, MIPI, HDMI, and Bluetooth low energy applications; analog IP, including data converters and audio codecs; and system-on-chip infrastructure IP, datapath and building block IP, and verification IP products, as well as mathematical and floating point components, and ARM AMBA interconnect fabric and peripherals.

Investors sentiment increased to 1 in Q3 2017. Its up 0.27, from 0.73 in 2017Q2. It improved, as 41 investors sold STT shares while 252 reduced holdings. 70 funds opened positions while 224 raised stakes. 320.54 million shares or 0.16% more from 320.02 million shares in 2017Q2 were reported. Segment Wealth Ltd has 36,608 shares. Price T Rowe Assocs Md has 31.69 million shares for 0.52% of their portfolio. Brandes Inv Prns Limited Partnership holds 1.59% or 844,053 shares in its portfolio. Northern Capital Management stated it has 0.31% in State Street Corporation (NYSE:STT). Fcm Investments Tx invested 0.18% of its portfolio in State Street Corporation (NYSE:STT). Verition Fund Mgmt Ltd invested in 5,542 shares or 0.04% of the stock. Logan holds 2,547 shares or 0.02% of its portfolio. Commonwealth Equity Services accumulated 36,861 shares. Sun Life Fincl Inc has invested 0.12% in State Street Corporation (NYSE:STT). Burns J W And Ny reported 2,700 shares. State Of Tennessee Treasury Department reported 356,336 shares or 0.17% of all its holdings. Automobile Association holds 525,168 shares. Community Bancshares Na has invested 0.02% in State Street Corporation (NYSE:STT). Plante Moran Advisors Ltd has 119 shares. Parkside Bank holds 210 shares or 0.01% of its portfolio.

Great Lakes Advisors Llc decreased Liberty Broadband Corp stake by 3,411 shares to 2,802 valued at $264,000 in 2017Q3. It also reduced Nextera Energy Inc (NYSE:NEE) stake by 4,489 shares and now owns 15,871 shares. Scansource Inc (NASDAQ:SCSC) was reduced too.

Among 17 analysts covering State Street Corporation (NYSE:STT), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. State Street Corporation had 70 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Overweight” on Monday, October 26. Barclays Capital maintained it with “Overweight” rating and $78.0 target in Wednesday, January 13 report. The company was upgraded on Wednesday, December 13 by Wood. Deutsche Bank maintained State Street Corporation (NYSE:STT) on Friday, January 8 with “Hold” rating. On Wednesday, October 5 the stock rating was maintained by Deutsche Bank with “Hold”. Goldman Sachs upgraded State Street Corporation (NYSE:STT) on Wednesday, January 4 to “Buy” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, January 28 report. The stock has “Neutral” rating by Bank of America on Friday, May 26. The firm has “Buy” rating by Keefe Bruyette & Woods given on Tuesday, December 12. The firm has “Hold” rating by Jefferies given on Monday, July 10.

Since August 10, 2017, it had 0 insider buys, and 4 selling transactions for $601,263 activity. The insider Erickson Andrew sold $32,833. Shares for $247,779 were sold by Sullivan George E on Tuesday, August 15. On Thursday, August 10 Grove Hannah M sold $296,160 worth of State Street Corporation (NYSE:STT) or 3,200 shares. 261 shares were sold by Newth Sean P, worth $24,491 on Tuesday, August 15.

Since January 1, 0001, it had 0 insider purchases, and 4 selling transactions for $3.37 million activity.

The stock increased 2.16% or $1.93 during the last trading session, reaching $91.2. About 291,249 shares traded. Synopsys, Inc. (SNPS) has risen 45.65% since January 17, 2017 and is uptrending. It has outperformed by 28.95% the S&P500.

Ratings analysis reveals 75% of Synopsys’s analysts are positive. Out of 4 Wall Street analysts rating Synopsys, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $60.0 while the high is $68.0. The stock’s average target of $63 is -30.92% below today’s ($91.2) share price. SNPS was included in 4 notes of analysts from August 18, 2016. The stock has “Hold” rating by Benchmark on Thursday, August 18. Credit Suisse initiated the shares of SNPS in report on Wednesday, October 19 with “Outperform” rating. The stock of Synopsys, Inc. (NASDAQ:SNPS) earned “Buy” rating by DA Davidson on Thursday, August 18. As per Thursday, August 18, the company rating was maintained by Needham.

Analysts await Synopsys, Inc. (NASDAQ:SNPS) to report earnings on February, 21. They expect $0.65 EPS, up 16.07% or $0.09 from last year’s $0.56 per share. SNPS’s profit will be $96.67 million for 35.08 P/E if the $0.65 EPS becomes a reality. After $-0.80 actual EPS reported by Synopsys, Inc. for the previous quarter, Wall Street now forecasts -181.25% EPS growth.

Robertson Opportunity Capital Llc holds 4.17% of its portfolio in Synopsys, Inc. for 90,000 shares. Bernzott Capital Advisors owns 361,316 shares or 4.15% of their US portfolio. Moreover, Westport Asset Management Inc has 3.12% invested in the company for 51,500 shares. The Massachusetts-based Contravisory Investment Management Inc. has invested 2.3% in the stock. Graybill Bartz & Assoc Ltd, a Illinois-based fund reported 34,751 shares.

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