California State Teachers Retirement System raised its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,155 shares of the software maker’s stock after buying an additional 329 shares during the period. California State Teachers Retirement System owned about 0.17% of ANSYS worth $20,833,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its position in shares of ANSYS by 12.1% during the third quarter. Russell Investments Group Ltd. now owns 21,172 shares of the software maker’s stock worth $2,598,000 after buying an additional 2,290 shares during the period. Tredje AP fonden boosted its holdings in ANSYS by 49.3% in the third quarter. Tredje AP fonden now owns 32,900 shares of the software maker’s stock valued at $4,038,000 after purchasing an additional 10,860 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in ANSYS by 13.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 23,011 shares of the software maker’s stock valued at $3,014,000 after purchasing an additional 2,760 shares during the period. Bank of New York Mellon Corp boosted its holdings in ANSYS by 27.2% in the third 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 purchasing an additional 224,640 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in ANSYS by 13.4% in the third quarter. Asset Management One Co. Ltd. now owns 151,046 shares of the software maker’s stock valued at $18,511,000 after purchasing an additional 17,852 shares during the period. Institutional investors and hedge funds own 96.50% of the company’s stock.
In other ANSYS news, VP Richard S. Mahoney sold 8,527 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $17.84, for a total value of $152,121.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Richard S. Mahoney sold 1,625 shares of the firm’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $161.90, for a total value of $263,087.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,691 shares of company stock worth $8,852,518. 1.30% of the stock is owned by insiders.
Shares of ANSYS, Inc. (ANSS) opened at $164.96 on Tuesday. ANSYS, Inc. has a 52 week low of $104.55 and a 52 week high of $171.92. The firm has a market capitalization of $13,948.65, a price-to-earnings ratio of 46.85 and a beta of 1.04.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, February 21st. The software maker reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.04. ANSYS had a return on equity of 13.77% and a net margin of 23.67%. The company had revenue of $302.34 million for the quarter, compared to analysts’ expectations of $290.66 million. During the same period last year, the firm earned $0.98 earnings per share. ANSYS’s quarterly revenue was up 11.7% on a year-over-year basis. research analysts forecast that ANSYS, Inc. will post 4.41 EPS for the current fiscal year.
ANSYS announced that its board has authorized a share buyback plan on Wednesday, February 21st that allows the company to repurchase 5,000,000 outstanding shares. This repurchase authorization allows the software maker to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.
A number of research analysts recently issued reports on the company. BidaskClub upgraded ANSYS from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 10th. ValuEngine upgraded ANSYS from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Berenberg Bank upgraded ANSYS from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a report on Tuesday, January 30th. Zacks Investment Research lowered ANSYS from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, Wedbush reiterated a “neutral” rating and issued a $136.00 target price (down from $160.00) on shares of ANSYS in a report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. ANSYS has a consensus rating of “Hold” and an average price target of $132.00.
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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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