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Chief Accounting Officer of Synopsys (NASDAQ:SNPS), a $93.93 billion software industry leader with impressive gross profit margins of 81%, Sudhindra Kankanwadi, sold 15,873 shares of common stock for a total of $7,837,408, according to a Form 4 filing with the Securities and Exchange Commission. The sales occurred on September 19 and September 22, 2025, at prices ranging from $482.0 to $500.9023 per share. According to InvestingPro analysis, the stock is currently trading above its Fair Value.
The filing also indicates that Kankanwadi exercised options to acquire 15,873 shares of Synopsys common stock at a price of $89.76 per share, for a total value of $1,424,760.
Following these transactions, Kankanwadi directly owns 20,520 shares of Synopsys.
In other recent news, Synopsys reported third-quarter results that fell short of expectations, with total revenues reaching $1.74 billion, slightly below the consensus estimate of $1.77 billion. The company’s adjusted earnings per share were $3.39, missing the expected $3.80. Analysts have responded to these results with several adjustments to Synopsys’ stock price targets. Piper Sandler, KeyBanc, Needham, and Stifel all lowered their price targets, with the new targets ranging from $550 to $630, while maintaining their respective Overweight or Buy ratings. Rosenblatt, however, downgraded Synopsys from Buy to Neutral, citing weaker-than-expected performance in the company’s intellectual property business. The acquisition of Ansys contributed $78 million to the total revenue, representing about 4% of the total, with organic growth at approximately 9%. The company is facing multiple headwinds in its IP business, which could impact its performance in the coming quarters. These developments reflect a cautious outlook from analysts regarding Synopsys’ near-term performance.
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