Jane Street Group LLC increased its position in ANSYS, Inc. (NASDAQ:ANSS) by 133.5% during the first quarter, HoldingsChannel.com reports. The fund owned 4,745 shares of the software maker’s stock after acquiring an additional 2,713 shares during the quarter. Jane Street Group LLC’s holdings in ANSYS were worth $743,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in ANSYS by 5.0% during the 1st quarter. BlackRock Inc. now owns 7,083,785 shares of the software maker’s stock valued at $1,109,958,000 after buying an additional 334,732 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in ANSYS during the 1st quarter valued at $46,692,000. Amundi Pioneer Asset Management Inc. acquired a new stake in ANSYS during the 4th quarter valued at $20,726,000. Guggenheim Capital LLC lifted its stake in shares of ANSYS by 34.2% during the 4th quarter. Guggenheim Capital LLC now owns 522,492 shares of the software maker’s stock worth $77,115,000 after purchasing an additional 133,151 shares during the period. Finally, Prudential Financial Inc. lifted its stake in shares of ANSYS by 104.1% during the 1st quarter. Prudential Financial Inc. now owns 260,083 shares of the software maker’s stock worth $40,752,000 after purchasing an additional 132,680 shares during the period. Institutional investors and hedge funds own 93.02% of the company’s stock.
Shares of ANSYS opened at $174.18 on Monday, according to Marketbeat. The firm has a market capitalization of $14.63 billion, a P/E ratio of 48.25 and a beta of 1.04. ANSYS, Inc. has a twelve month low of $119.20 and a twelve month high of $184.95.
ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, May 2nd. The software maker reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.18. The business had revenue of $285.20 million for the quarter, compared to analyst estimates of $276.56 million. ANSYS had a return on equity of 14.51% and a net margin of 24.92%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. analysts predict that ANSYS, Inc. will post 4.4 earnings per share for the current fiscal year.
ANSS has been the topic of a number of recent analyst reports. Goldman Sachs Group raised ANSYS from a “neutral” rating to a “buy” rating and set a $112.00 price target on the stock in a research note on Wednesday, June 20th. Zacks Investment Research raised ANSYS from a “hold” rating to a “buy” rating and set a $183.00 price target on the stock in a research note on Monday, May 28th. BidaskClub raised ANSYS from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 10th. UBS Group raised ANSYS from a “neutral” rating to an “overweight” rating in a research note on Thursday, May 3rd. Finally, Wedbush reissued a “neutral” rating and set a $160.00 price target (down previously from $163.00) on shares of ANSYS in a research note on Friday, May 4th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $140.60.
In related news, VP Matthew C. Zack sold 1,222 shares of the stock in a transaction on Monday, April 30th. The stock was sold at an average price of $162.97, for a total value of $199,149.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James E. Cashman III sold 862 shares of the stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $158.00, for a total value of $136,196.00. The disclosure for this sale can be found here. Insiders sold a total of 46,049 shares of company stock worth $7,540,769 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
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