PEAK6 Investments L.P. purchased a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,891 shares of the software maker’s stock, valued at approximately $1,460,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Toronto Dominion Bank increased its stake in ANSYS by 9.2% during the third 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. Russell Investments Group Ltd. increased its stake in ANSYS by 12.1% during the third 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. Tredje AP fonden increased its stake in ANSYS by 49.3% during the third quarter. Tredje AP fonden now owns 32,900 shares of the software maker’s stock valued at $4,038,000 after acquiring an additional 10,860 shares during the period. DekaBank Deutsche Girozentrale increased its stake in ANSYS by 13.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 23,011 shares of the software maker’s stock valued at $3,014,000 after acquiring an additional 2,760 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in 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 valued at $128,883,000 after acquiring an additional 224,640 shares during the period. Hedge funds and other institutional investors own 96.53% of the company’s stock.
ANSS has been the topic of several research reports. BidaskClub upgraded ANSYS from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 7th. ValuEngine upgraded ANSYS from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research lowered ANSYS from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Berenberg Bank raised ANSYS from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a report on Tuesday, January 30th. Finally, Wedbush reaffirmed a “neutral” rating and set a $136.00 price objective (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 assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $132.00.
ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, February 21st. The software maker reported $1.07 EPS for the quarter, topping the consensus estimate of $1.03 by $0.04. The business had revenue of $302.34 million for 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%. ANSYS’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. equities research analysts predict that ANSYS, Inc. will post 4.41 EPS for the current fiscal year.
ANSYS declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 21st that allows the company to repurchase 5,000,000 outstanding shares. This repurchase authorization allows the software maker to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other news, VP Richard S. Mahoney sold 8,527 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was 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 SEC, which is available through this hyperlink. Also, CFO Maria T. Shields sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $162.52, for a total value of $4,063,000.00. The disclosure for this sale can be found here. Insiders sold a total of 61,691 shares of company stock worth $8,852,518 over the last three months. 1.30% of the stock is owned by company 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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