Abner Herrman & Brock Raised Its Suntrust Banks (STI) Position; Synopsys (SNPS) Has 1.01 Sentiment

Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits (ICs). The company has market cap of $12.54 billion. It offers Galaxy Design platform that provides IC design solutions; Verification Continuum Platform, which offers virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA) prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions. It has a 95.84 P/E ratio. The firm also provides DesignWare intellectual property (IP) solutions for USB, PCI Express, DDR, Ethernet, SATA, MIPI, HDMI, and Bluetooth low energy applications; analog IP, including data converters and audio codecs; and system-on-chip infrastructure IP, datapath and building block IP, and verification IP products, as well as mathematical and floating point components, and ARM AMBA interconnect fabric and peripherals.

Abner Herrman & Brock Llc increased Suntrust Banks Inc (STI) stake by 5.51% reported in 2017Q3 SEC filing. Abner Herrman & Brock Llc acquired 8,628 shares as Suntrust Banks Inc (STI)’s stock declined 9.30%. The Abner Herrman & Brock Llc holds 165,224 shares with $9.88 million value, up from 156,596 last quarter. Suntrust Banks Inc now has $31.78 billion valuation. The stock increased 2.55% or $1.68 during the last trading session, reaching $67.48. About 4.56 million shares traded or 17.81% up from the average. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since February 12, 2017 and is uptrending. It has outperformed by 10.12% the S&P500.

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.01, from 0.92 in 2017Q2. It is negative, as 65 investors sold STI shares while 235 reduced holdings. 69 funds opened positions while 205 raised stakes. 375.36 million shares or 2.72% less from 385.84 million shares in 2017Q2 were reported. State Street Corporation reported 24.75 million shares. Douglass Winthrop Advisors Ltd Liability Corporation reported 17,450 shares. Silvercrest Asset Mgmt Limited Liability Company holds 0% of its portfolio in SunTrust Banks, Inc. (NYSE:STI) for 5,064 shares. Schroder Inv Gru Incorporated has invested 0.1% in SunTrust Banks, Inc. (NYSE:STI). Bb&T Secs Ltd stated it has 20,371 shares. Argent Commerce holds 0.07% in SunTrust Banks, Inc. (NYSE:STI) or 4,551 shares. Tci Wealth Advisors Incorporated reported 1,285 shares. San Francisco Sentry Grp (Ca) invested in 821 shares or 0.02% of the stock. 188,000 are held by Payden & Rygel. Ferguson Wellman Capital Mngmt accumulated 743,455 shares. Federated Invsts Pa reported 920,366 shares stake. Public Employees Retirement Association Of Colorado holds 84,320 shares. Asset One Limited holds 0.12% or 831,655 shares in its portfolio. Fund Management owns 188,932 shares for 0.08% of their portfolio. Shine Inv Advisory Services, Colorado-based fund reported 256 shares.

Since August 14, 2017, it had 0 insider purchases, and 1 sale for $507,911 activity. Shares for $46,331 were sold by Johnson Susan S on Monday, August 14. The insider Lienhard Jerome T sold $507,911.

Among 34 analysts covering Suntrust Banks Inc. (NYSE:STI), 16 have Buy rating, 0 Sell and 18 Hold. Therefore 47% are positive. Suntrust Banks Inc. had 108 analyst reports since July 20, 2015 according to SRatingsIntel. On Monday, August 14 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. Jefferies maintained SunTrust Banks, Inc. (NYSE:STI) on Friday, September 15 with “Buy” rating. On Sunday, August 27 the stock rating was maintained by Piper Jaffray with “Buy”. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Underperform” rating by Robert W. Baird on Tuesday, August 25. Barclays Capital maintained the stock with “Equal Weight” rating in Tuesday, January 3 report. The stock has “Buy” rating by RBC Capital Markets on Friday, October 20. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Neutral” rating by Nomura on Thursday, September 28. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Buy” rating by Sandler O’Neill on Monday, January 23. Bank of America upgraded the stock to “Buy” rating in Tuesday, January 12 report. The company was maintained on Monday, October 23 by Piper Jaffray.

Abner Herrman & Brock Llc decreased United Technologies Corp (NYSE:UTX) stake by 4,225 shares to 82,705 valued at $9.60 million in 2017Q3. It also reduced International Business Machine (NYSE:IBM) stake by 11,783 shares and now owns 45,315 shares. Automatic Data Processing (NASDAQ:ADP) was reduced too.

Robertson Opportunity Capital Llc holds 4.17% of its portfolio in Synopsys, Inc. for 90,000 shares. Bernzott Capital Advisors owns 361,316 shares or 4.15% of their US portfolio. Moreover, Westport Asset Management Inc has 3.12% invested in the company for 51,500 shares. The Massachusetts-based Contravisory Investment Management Inc. has invested 2.3% in the stock. Graybill Bartz & Assoc Ltd, a Illinois-based fund reported 34,751 shares.

The stock increased 2.08% or $1.72 during the last trading session, reaching $84.34. About 1.72M shares traded or 49.09% up from the average. Synopsys, Inc. (SNPS) has risen 45.65% since February 12, 2017 and is uptrending. It has outperformed by 28.95% the S&P500.

Since January 1, 0001, it had 0 buys, and 5 sales for $3.77 million activity.

Analysts await Synopsys, Inc. (NASDAQ:SNPS) to report earnings on February, 21. They expect $0.65 earnings per share, up 16.07% or $0.09 from last year’s $0.56 per share. SNPS’s profit will be $96.67 million for 32.44 P/E if the $0.65 EPS becomes a reality. After $-0.80 actual earnings per share reported by Synopsys, Inc. for the previous quarter, Wall Street now forecasts -181.25% EPS growth.

Ratings analysis reveals 75% of Synopsys’s analysts are positive. Out of 4 Wall Street analysts rating Synopsys, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $60.0 while the high is $68.0. The stock’s average target of $63 is -25.30% below today’s ($84.34) share price. SNPS was included in 4 notes of analysts from August 18, 2016. The stock of Synopsys, Inc. (NASDAQ:SNPS) earned “Buy” rating by Needham on Thursday, August 18. The stock of Synopsys, Inc. (NASDAQ:SNPS) earned “Outperform” rating by Credit Suisse on Wednesday, October 19. DA Davidson maintained the shares of SNPS in report on Thursday, August 18 with “Buy” rating. The stock of Synopsys, Inc. (NASDAQ:SNPS) earned “Hold” rating by Benchmark on Thursday, August 18.