Quantitative Investment Management LLC acquired a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 53,100 shares of the software maker’s stock, valued at approximately $7,837,000. Quantitative Investment Management LLC owned 0.06% of ANSYS as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ANSS. Bank of New York Mellon Corp lifted its position in shares of ANSYS by 27.2% during the third quarter. Bank of New York Mellon Corp now owns 1,050,124 shares of the software maker’s stock worth $128,883,000 after purchasing an additional 224,640 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of ANSYS during the fourth quarter worth $20,726,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of ANSYS by 34.9% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 501,015 shares of the software maker’s stock worth $61,490,000 after purchasing an additional 129,627 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of ANSYS by 33.1% during the third quarter. Janus Henderson Group PLC now owns 445,080 shares of the software maker’s stock worth $54,625,000 after purchasing an additional 110,618 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of ANSYS during the fourth quarter worth $16,062,000. 96.53% of the stock is owned by institutional investors.
ANSS has been the subject of several research analyst reports. BidaskClub downgraded ANSYS from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 24th. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $181.00 target price for the company in a research report on Wednesday, February 28th. Wedbush reiterated a “neutral” rating and set a $136.00 target price (down from $160.00) on shares of ANSYS in a research report on Friday, February 23rd. Berenberg Bank upgraded ANSYS from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research report on Tuesday, January 30th. Finally, ValuEngine upgraded ANSYS from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $132.00.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, February 21st. The software maker reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.04. The firm had revenue of $302.34 million during the quarter, compared to the consensus estimate of $290.66 million. ANSYS had a return on equity of 13.77% and a net margin of 23.67%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. equities analysts forecast that ANSYS, Inc. will post 4.41 EPS for the current fiscal year.
ANSYS declared that its Board of Directors has approved a share buyback program 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 programs are usually a sign that the company’s board believes its stock is undervalued.
In related news, CFO Maria T. Shields sold 25,000 shares of ANSYS stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $162.52, for a total value of $4,063,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Richard S. Mahoney sold 1,625 shares of ANSYS stock in a transaction dated 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. Insiders sold 61,691 shares of company stock valued at $8,852,518 over the last 90 days. 1.30% of the stock is currently owned by corporate insiders.
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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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