BlackRock Amends Synopsys Stake, Maintains Passive Investment
Ticker: SNPS · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 883241
| Field | Detail |
|---|---|
| Company | Synopsys INC (SNPS) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns Synopsys stock, no big changes.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership of Common Stock in Synopsys Inc. as of December 31, 2023. This filing indicates BlackRock's continued significant, but passive, investment in Synopsys, a prepackaged software company. For investors, this means a major institutional player maintains a stake, which can signal confidence in the company's long-term prospects, but the filing itself doesn't suggest any new strategic moves.
Why It Matters
This filing confirms BlackRock's ongoing substantial, yet passive, ownership in Synopsys, which can be a positive signal for current and prospective investors regarding institutional confidence.
Risk Assessment
Risk Level: low — This filing is routine and indicates a passive investment, posing minimal new risk to investors.
Analyst Insight
Investors should note that BlackRock's continued passive stake suggests a stable institutional presence, but this filing doesn't signal any new catalysts or concerns for Synopsys Inc. stock.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Synopsys Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- 871607107 (number) — the CUSIP number for Synopsys Inc. Common Stock
FAQ
What type of securities does BlackRock Inc. hold in Synopsys Inc.?
BlackRock Inc. holds 'Common Stock' of Synopsys Inc., as stated under the 'Title of Class of Securities' section of the filing.
What is the CUSIP number for the Synopsys Inc. securities reported in this filing?
The CUSIP number for the Synopsys Inc. securities is 871607107, as specified in the filing.
When was the event that required BlackRock Inc. to file this Schedule 13G/A?
The date of the event which required the filing of this statement was December 31, 2023, according to the filing.
Under which rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13d-1(b), indicated by the 'X' in the appropriate box on the cover page.
What is the business address of the subject company, Synopsys Inc.?
The business address for Synopsys Inc. is 675 ALMANOR AVE, SUNNYVALE, CA 94085, as listed in the 'BUSINESS ADDRESS' section of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding SYNOPSYS INC (SNPS).