1,809,127 Shares in Synopsys, Inc. $SNPS Purchased by Coatue Management LLC

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Coatue Management LLC has acquired a new stake of 1,809,127 shares in Synopsys, Inc. ($SNPS), totaling approximately $892.6 million, making it their 17th largest holding. The purchase represents 2.2% of Coatue’s portfolio and 0.97% ownership of Synopsys. This comes as Synopsys exceeded quarterly earnings expectations with an EPS of $3.77 and revenue up 65.6% year-over-year, though analyst ratings are mixed with a consensus “Hold” and an average target price of $531.

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