Synopsys jumps as investors focus on raised FY2026 outlook and Ansys-integration momentum

Synopsys, Inc. (SNPS) is up 5.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to continued optimism following Synopsys’ strong fiscal Q2 2026 results and higher full-year guidance, with investors leaning into the company’s expanding software scale after the Ansys acquisition. Separately, recent governance and strategic updates (including the Elliott cooperation agreement) may be reinforcing confidence in execution and capital allocation.

Details:

Synopsys posted fiscal Q2 2026 revenue of about $2.276 billion and provided updated outlook ranges for fiscal 2026 in its earnings materials filed with the SEC.

The company lifted its fiscal 2026 revenue forecast to a range centered above its prior view, alongside higher adjusted profit guidance, signaling stronger-than-expected demand and/or better near-term visibility.

Synopsys disclosed a cooperation agreement with Elliott Investment Management and the appointment of Jesse Cohn to the board effective June 1, 2026, a development that can act as a positive sentiment catalyst.

This could also be helped by broader strength in EDA/semiconductor design names as investors re-price AI-driven chip complexity and system-level design needs.

Sources:

U.S. SEC, Synopsys Investor Relations, Fidelity

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SNPS Insider Trading Activity

$SNPS insiders have traded $SNPS stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.

Here’s a breakdown of recent trading of $SNPS stock by insiders over the last 6 months:

SASSINE GHAZI (PRESIDENT AND CEO) sold 14,603 shares for an estimated $6,702,222
SHELAGH GLASER (CFO) has made 0 purchases and 3 sales selling 7,051 shares for an estimated $3,212,407.
JANET LEE (GC & Corporate Secretary) has made 0 purchases and 2 sales selling 500 shares for an estimated $260,000.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$SNPS Hedge Fund Activity

We have seen 735 institutional investors add shares of $SNPS stock to their portfolio, and 836 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS removed 6,635,080 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $2,584,960,817
GOLDMAN SACHS GROUP INC added 2,343,626 shares (+296.6%) to their portfolio in Q1 2026, for an estimated $913,053,253
UBS GROUP AG added 1,229,995 shares (+176.9%) to their portfolio in Q1 2026, for an estimated $479,193,752
GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC added 910,133 shares (+inf%) to their portfolio in Q1 2026, for an estimated $354,578,715
COATUE MANAGEMENT LLC removed 894,729 shares (-54.0%) from their portfolio in Q1 2026, for an estimated $348,577,471
FMR LLC added 873,487 shares (+11.7%) to their portfolio in Q1 2026, for an estimated $340,301,800
JPMORGAN CHASE & CO removed 779,297 shares (-38.1%) from their portfolio in Q4 2025, for an estimated $366,051,386

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$SNPS Government Contracts

We have seen $263,658 of award payments to $SNPS over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$SNPS Congressional Stock Trading

Members of Congress have traded $SNPS stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $SNPS stock by members of Congress over the last 6 months:

REPRESENTATIVE DAN NEWHOUSE purchased up to $15,000 on 12/31.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$SNPS Price Targets

Multiple analysts have issued price targets for $SNPS recently. We have seen 9 analysts offer price targets for $SNPS in the last 6 months, with a median target of $575.0.

Here are some recent targets:

Clarke Jeffries from Piper Sandler set a target price of $450.0 on 05/28/2026
Vivek Arya from B of A Securities set a target price of $600.0 on 05/28/2026
Charles Shi from Needham set a target price of $580.0 on 05/28/2026
Blair Abernethy from Rosenblatt set a target price of $575.0 on 05/28/2026
Joe Quatrochi from Wells Fargo set a target price of $535.0 on 05/28/2026
Lee Simpson from Morgan Stanley set a target price of $525.0 on 05/28/2026
Andrew DeGasperi from BNP Paribas set a target price of $450.0 on 05/28/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.