PEAK6 Investments L.P. bought a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) in the 4th quarter, Holdings Channel reports. The institutional investor bought 9,891 shares of the software maker’s stock, valued at approximately $1,460,000.
Several other institutional investors have also modified their holdings of the business. Atlanta Capital Management Co. L L C raised its position in shares of ANSYS by 1.2% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 4,275,602 shares of the software maker’s stock valued at $631,036,000 after acquiring an additional 51,981 shares during the last quarter. Aristotle Capital Management LLC increased its position in shares of ANSYS by 1.1% in the 4th quarter. Aristotle Capital Management LLC now owns 2,284,594 shares of the software maker’s stock valued at $337,183,000 after buying an additional 24,059 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of ANSYS by 27.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,050,124 shares of the software maker’s stock valued at $128,883,000 after buying an additional 224,640 shares in the last quarter. Geode Capital Management LLC increased its position in shares of ANSYS by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 1,039,478 shares of the software maker’s stock valued at $153,136,000 after buying an additional 47,476 shares in the last quarter. Finally, Ownership Capital B.V. increased its position in shares of ANSYS by 1.0% in the 4th quarter. Ownership Capital B.V. now owns 704,515 shares of the software maker’s stock valued at $103,979,000 after buying an additional 7,154 shares in the last quarter. Institutional investors own 96.53% of the company’s stock.
In related news, VP Richard S. Mahoney sold 8,527 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $17.84, for a total value of $152,121.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bradford C. Morley sold 24,500 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $165.06, for a total transaction of $4,043,970.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,691 shares of company stock valued at $8,852,518. Company insiders own 1.30% of the company’s stock.
A number of research firms recently commented on ANSS. BidaskClub upgraded shares of ANSYS from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Berenberg Bank upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research report on Tuesday, January 30th. Zacks Investment Research upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $181.00 price objective for the company in a research report on Wednesday, February 28th. Wedbush restated a “neutral” rating and issued a $136.00 price objective (down previously from $160.00) on shares of ANSYS in a research report on Friday, February 23rd. Finally, ValuEngine upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $132.00.
ANSYS, Inc. (ANSS) opened at $167.30 on Wednesday. ANSYS, Inc. has a one year low of $104.55 and a one year high of $171.92. The company has a market cap of $14,253.10, a PE ratio of 56.10 and a beta of 1.04.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, February 21st. The software maker reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.04. ANSYS had a net margin of 23.67% and a return on equity of 13.77%. The company had revenue of $302.34 million during the quarter, compared to the consensus estimate of $290.66 million. During the same period in the prior year, the business posted $0.98 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. equities research analysts forecast that ANSYS, Inc. will post 4.41 EPS for the current year.
ANSYS announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 21st that permits the company to repurchase 5,000,000 shares. This repurchase authorization permits the software maker to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
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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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