Dana Investment Advisors Inc. significantly reduced its stake in Synopsys, Inc. (NASDAQ:SNPS) by 96.8%, selling 44,375 shares and retaining 1,460 shares valued at $720,000. This comes as Synopsys reported a strong Q1, beating EPS and revenue estimates, and raising its FY26 guidance, alongside authorizing a $2.0B share buyback. However, the company faces near-term risks including a softer Q2 guide, China export restrictions, and costs associated with the Ansys acquisition, leading some analysts to trim price targets.
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Dana Investment Advisors Inc. Sells 44,375 Shares of Synopsys, Inc. $SNPS
Dana Investment Advisors Inc. significantly reduced its stake in Synopsys, Inc. (NASDAQ:SNPS) by 96.8%, selling 44,375 shares and retaining 1,460 shares valued at $720,000. This comes as Synopsys reported a strong Q1, beating EPS and revenue estimates, and raising its FY26 guidance, alongside authorizing a $2.0B share buyback. However, the company faces near-term risks including a softer Q2 guide, China export restrictions, and costs associated with the Ansys acquisition, leading some analysts to trim price targets.