Synopsys rises as source says Elliott builds multibillion-dollar stake
23/03/2026 14:48
Updates ** Electronic design automation firm Synopsys SNPS.O gains 5% to $440.79 ** Activist investor Elliott Investment Management has built a multibillion-dollar stake in SNPS, a person familiar with the matter told Reuters ** The hedge fund told the Wall Street Journal, which first reported the investment, that there is a "clear opportunity for Synopsys' financial performance to more fully reflect the value it delivers" ** 19 of 25 brokerages rate the stock "buy" or higher, five "hold" and one "sell"; median PT is $540 - data compiled by LSEG ** Including session's move, SNPS is down about 6% YTD vs a 4.8% decline in Nasdaq .IXIC (Reporting by Ragini Mathur in Bengaluru) ((Ragini.Mathur@thomsonreuters.com;))