Michael Ray the major shareholder of Vera Bradley, Inc. (VRA) Sold 600,000 Shares of the Company; Synopsys (SNPS) Sentiment Is 0.75

June 27, 2018 - By Annabelle Johnson

Vera Bradley, Inc. (NASDAQ:VRA) Logo

Synopsys Inc (SNPS) investors sentiment decreased to 0.75 in Q1 2018. It’s down -0.31, from 1.06 in 2017Q4. The ratio worsened, as 165 hedge funds increased and started new positions, while 221 decreased and sold holdings in Synopsys Inc. The hedge funds in our database now have: 128.97 million shares, down from 130.26 million shares in 2017Q4. Also, the number of hedge funds holding Synopsys Inc in top ten positions decreased from 6 to 4 for a decrease of 2. Sold All: 26 Reduced: 195 Increased: 118 New Position: 47.

Michael Ray, major shareholder of Vera Bradley Inc is the insider, our editorial team want to disclose transactions for. Mr. Michael submitted a public report with the Washington-based Security and Exchange Commission revealing a sale for 600,000 shares of the public company, the one he is an insider in. At the time of the transaction, the average share price of Vera Bradley Inc was $14.4, making the shares block worth $8,658,000 U.S. Dollars. He also unloaded 33,236 shares worth $469,459 USD in the last month. Currently, Mr. Michael, has in hand 4.08 million shares, which accounts for 11.44% of the company’s market cap. The insider’s activity definitely generated quite an interest in the stock community.

Among 8 analysts covering Vera Bradley (NASDAQ:VRA), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Vera Bradley has $24 highest and $9.0 lowest target. $14.63’s average target is 0.76% above currents $14.52 stock price. Vera Bradley had 29 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Underperform” rating and $12 target in Thursday, September 3 report. The stock of Vera Bradley, Inc. (NASDAQ:VRA) earned “Hold” rating by Jefferies on Tuesday, August 18. On Monday, September 25 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The firm has “Hold” rating given on Wednesday, August 30 by Jefferies. The stock of Vera Bradley, Inc. (NASDAQ:VRA) earned “Buy” rating by Standpoint Research on Friday, January 15. Wunderlich upgraded Vera Bradley, Inc. (NASDAQ:VRA) rating on Thursday, March 24. Wunderlich has “Buy” rating and $24 target. The stock has “Buy” rating by Standpoint Research on Wednesday, December 9. The stock has “Buy” rating by Wunderlich on Thursday, August 11. The stock of Vera Bradley, Inc. (NASDAQ:VRA) has “Sector Weight” rating given on Thursday, October 6 by KeyBanc Capital Markets. The stock of Vera Bradley, Inc. (NASDAQ:VRA) has “Hold” rating given on Tuesday, October 3 by Robert W. Baird.

Since March 19, 2018, it had 0 buys, and 10 insider sales for $72.26 million activity. Ray Anne Marie had sold 28,378 shares worth $400,839 on Monday, June 11. On Monday, March 19 Hall Robert J sold $11.68 million worth of Vera Bradley, Inc. (NASDAQ:VRA) or 1.20 million shares. Byrne James Bradley sold $11.99M worth of stock or 1.23 million shares. 1.20 million shares were sold by Ray Michael C., worth $11.68M. Byrne Thomas Farrell II had sold 1.23 million shares worth $11.99 million on Monday, March 19. Hall Joan B. sold $11.68M worth of stock or 1.20M shares.

Vera Bradley, Inc., together with its subsidiaries, designs, makes, and sells women's handbags, luggage and travel items, fashion and home accessories, and gifts. The company has market cap of $517.45 million. The firm offers totes, crossbodies, satchels, clutches, backpacks, baby, and lunch bags; accessories, inclduing wallets, wristlets, eyeglass cases, jewelry, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags. It has a 55.42 P/E ratio. It also provides home products consisting of mugs and tumblers, as well as textiles products, such as throw blankets, beach towels, comforters, and wellness and beauty products; offers apparel/footwear, stationery, merchandising, and gift card products; and licenses its products.

Investors sentiment decreased to 1.02 in 2018 Q1. Its down 0.28, from 1.3 in 2017Q4. It worsened, as 15 investors sold Vera Bradley, Inc. shares while 34 reduced holdings. 18 funds opened positions while 32 raised stakes. 22.06 million shares or 2.95% more from 21.43 million shares in 2017Q4 were reported. 30,600 are held by Macquarie Grp Ltd. Aqr Capital Limited Liability Company stated it has 614,944 shares. The New York-based Laurion Mngmt L P has invested 0.01% in Vera Bradley, Inc. (NASDAQ:VRA). New York-based Morgan Stanley has invested 0% in Vera Bradley, Inc. (NASDAQ:VRA). Moreover, Rhumbline Advisers has 0% invested in Vera Bradley, Inc. (NASDAQ:VRA) for 47,883 shares. Employees Retirement System Of Ohio holds 0% or 25,479 shares. Alliancebernstein L P, New York-based fund reported 112,860 shares. Barclays Public Limited Liability Com invested 0% of its portfolio in Vera Bradley, Inc. (NASDAQ:VRA). Prelude Capital Mgmt Ltd stated it has 17,100 shares. D E Shaw And owns 200,261 shares. 70,183 are owned by Peak6 Investments Limited Partnership. Swiss State Bank owns 37,000 shares for 0% of their portfolio. Credit Suisse Ag has invested 0% in Vera Bradley, Inc. (NASDAQ:VRA). Finance Architects has invested 0% in Vera Bradley, Inc. (NASDAQ:VRA). Jefferies Limited Co stated it has 0% of its portfolio in Vera Bradley, Inc. (NASDAQ:VRA).

The stock decreased 3.01% or $0.45 during the last trading session, reaching $14.52. About 292,062 shares traded. Vera Bradley, Inc. (NASDAQ:VRA) has risen 39.27% since June 27, 2017 and is uptrending. It has outperformed by 26.70% the S&P500. Some Historical VRA News: 14/03/2018 – VERA BRADLEY INC VRA.O FY2019 SHR VIEW $0.47, REV VIEW $415.2 MLN — THOMSON REUTERS l/B/E/S; 14/03/2018 Vera Bradley 4Q EPS 24c; 14/03/2018 – VERA BRADLEY 4Q ADJ EPS 33C, EST. 32C; 14/03/2018 – VERA BRADLEY INC VRA.O SEES FY 2019 SHR $0.35 TO $0.45; 16/03/2018 – Vera Bradley Closes Above 50-Day Moving Average: Technicals; 14/03/2018 – Vera Bradley 4Q Rev $132M; 14/03/2018 – VERA BRADLEY REPORTS NEW LICENSING PACT FOR SLEEPWEAR/LOUNGEWEA; 14/03/2018 – Vera Bradley Announces New Licensing Agreement for Sleepwear/Loungewear; 14/03/2018 – Vera Bradley Sees 1Q Rev $84M-$89M; 14/03/2018 – Vera Bradley Sees FY EPS 35c-EPS 45c

Since January 1, 0001, it had 0 insider buys, and 9 insider sales for $10.76 million activity.

Analysts await Synopsys, Inc. (NASDAQ:SNPS) to report earnings on August, 15. They expect $0.65 earnings per share, down 13.33% or $0.10 from last year’s $0.75 per share. SNPS’s profit will be $96.86M for 32.53 P/E if the $0.65 EPS becomes a reality. After $0.67 actual earnings per share reported by Synopsys, Inc. for the previous quarter, Wall Street now forecasts -2.99% negative 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 -25.51% below today’s ($84.57) share price. SNPS was included in 4 notes of analysts from August 18, 2016. Benchmark maintained it with “Hold” rating and $60.0 target in Thursday, August 18 report. On Thursday, August 18 the stock rating was maintained by DA Davidson with “Buy”. Needham maintained it with “Buy” rating and $60.0 target in Thursday, August 18 report. The rating was initiated by Credit Suisse with “Outperform” on Wednesday, October 19.

Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits (ICs). The company has market cap of $12.60 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 136.84 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.

The stock decreased 2.13% or $1.84 during the last trading session, reaching $84.57. About 962,194 shares traded. Synopsys, Inc. (SNPS) has risen 20.11% since June 27, 2017 and is uptrending. It has outperformed by 7.54% the S&P500. Some Historical SNPS News: 30/05/2018 – Synopsys Presenting at Conference Jun 7; 21/03/2018 – SYNOPSYS BUYS SILICON & BEYOND PRIVATE LIMITED TO EXPAND HIGH-S; 21/03/2018 – SYNOPSYS BUYS SILICON, BEYOND PRIVATE LIMITED TO EXPAND; 23/05/2018 – Synopsys 2Q Net $102.5M; 15/05/2018 – Synopsys Report Finds Majority of Software Plagued by Known Vulnerabilities and License Conflicts as Open Source Adoption Soars; 23/05/2018 – Synopsys Sees FY EPS $1.66-EPS $1.76; 31/05/2018 – Synopsys’ Latest ARC MetaWare EV Development Toolkit Release Speeds Application Software Development for Embedded Vision Systems; 08/03/2018 – Synopsys Collaborates with Samsung Foundry to Develop DesignWare IP for Samsung 8-nm FinFET Process; 23/05/2018 – Synopsys Sees 3Q Adj EPS 89c-Adj EPS 93c; 09/05/2018 – Synopsys Announces Earnings Release Date for Second Quarter Fiscal Year 2018

Synopsys, Inc. (NASDAQ:SNPS) Institutional Positions Chart