Davis R M Inc. reduced its position in ANSYS, Inc. (NASDAQ:ANSS) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 110,008 shares of the software maker’s stock after selling 1,486 shares during the period. Davis R M Inc. owned 0.13% of ANSYS worth $16,236,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. WINTON GROUP Ltd bought a new stake in ANSYS in the 2nd quarter valued at about $243,000. Dimensional Fund Advisors LP raised its stake in ANSYS by 11.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 331,081 shares of the software maker’s stock valued at $40,284,000 after acquiring an additional 32,962 shares during the period. Toronto Dominion Bank raised its stake in ANSYS by 9.2% in the 3rd quarter. Toronto Dominion Bank now owns 39,373 shares of the software maker’s stock valued at $4,834,000 after acquiring an additional 3,321 shares during the period. Amalgamated Bank raised its stake in ANSYS by 25.0% in the 2nd quarter. Amalgamated Bank now owns 17,469 shares of the software maker’s stock valued at $2,126,000 after acquiring an additional 3,490 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in ANSYS by 12.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 21,172 shares of the software maker’s stock valued at $2,598,000 after acquiring an additional 2,290 shares during the period. Institutional investors and hedge funds own 96.74% of the company’s stock.
Several equities research analysts have recently weighed in on ANSS shares. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research report on Tuesday, November 7th. Robert W. Baird set a $130.00 price target on ANSYS and gave the company a “buy” rating in a research report on Sunday, October 1st. Citigroup started coverage on ANSYS in a research report on Friday, September 22nd. They set a “neutral” rating and a $125.00 price target on the stock. Evercore ISI reiterated a “hold” rating and set a $113.00 price target on shares of ANSYS in a research report on Thursday, November 2nd. Finally, Royal Bank of Canada upped their price target on ANSYS from $130.00 to $147.00 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $128.91.
Shares of ANSYS, Inc. (NASDAQ ANSS) traded up $2.01 during midday trading on Tuesday, hitting $154.22. The stock had a trading volume of 479,500 shares, compared to its average volume of 486,000. ANSYS, Inc. has a 52 week low of $92.33 and a 52 week high of $156.14. The stock has a market capitalization of $13,087.18, a price-to-earnings ratio of 48.50 and a beta of 1.07.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.10. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The company had revenue of $276.77 million during the quarter, compared to analyst estimates of $263.77 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. ANSYS’s revenue was up 12.6% on a year-over-year basis. sell-side analysts predict that ANSYS, Inc. will post 3.57 EPS for the current fiscal year.
In other news, Director Barbara Vaughn Scherer sold 1,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $150.00, for a total transaction of $150,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shane Emswiler sold 12,504 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $151.96, for a total value of $1,900,107.84. The disclosure for this sale can be found here. Insiders have sold 27,031 shares of company stock valued at $2,960,730 in the last three months. 1.30% of the stock is owned by insiders.
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ANSYS Company Profile
ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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