Ascend Capital LLC decreased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 36.2% in the fourth quarter, Holdings Channel reports. The fund owned 112,486 shares of the software maker’s stock after selling 63,696 shares during the period. Ascend Capital LLC’s holdings in ANSYS were worth $16,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in the business. Champlain Investment Partners LLC lifted its position in ANSYS by 1.1% during the 4th quarter. Champlain Investment Partners LLC now owns 561,440 shares of the software maker’s stock worth $82,863,000 after acquiring an additional 5,970 shares during the last quarter. ARK Investment Management LLC lifted its position in ANSYS by 16.9% during the 4th quarter. ARK Investment Management LLC now owns 18,935 shares of the software maker’s stock worth $2,795,000 after acquiring an additional 2,742 shares during the last quarter. Carillon Tower Advisers Inc. acquired a new position in ANSYS during the 4th quarter worth $2,279,000. Cookson Peirce & Co. Inc. lifted its position in ANSYS by 14.5% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 3,475 shares of the software maker’s stock worth $513,000 after acquiring an additional 440 shares during the last quarter. Finally, OppenheimerFunds Inc. acquired a new position in ANSYS during the 4th quarter worth $212,000. 95.24% of the stock is owned by hedge funds and other institutional investors.
In related news, VP Richard S. Mahoney sold 2,039 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $162.01, for a total value of $330,338.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Maria T. Shields sold 25,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $162.52, for a total transaction of $4,063,000.00. The disclosure for this sale can be found here. Insiders have sold 35,566 shares of company stock valued at $4,545,460 in the last ninety days. 1.30% of the stock is owned by company insiders.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.04. The business had revenue of $302.34 million during the quarter, compared to analyst estimates of $290.66 million. ANSYS had a net margin of 23.67% and a return on equity of 13.77%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. equities research analysts predict that ANSYS, Inc. will post 3.87 earnings per share for the current fiscal year.
ANSYS declared that its board has initiated a stock buyback program on Wednesday, February 21st that allows the company to repurchase 5,000,000 shares. This repurchase authorization allows the software maker to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.
A number of research analysts have weighed in on ANSS shares. BidaskClub lowered shares of ANSYS from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Needham & Company LLC reissued a “hold” rating on shares of ANSYS in a research report on Friday, November 3rd. Robert W. Baird reissued an “outperform” rating and set a $155.00 target price (up previously from $130.00) on shares of ANSYS in a research report on Friday, November 3rd. Wedbush reissued a “neutral” rating and set a $114.00 target price (down previously from $136.00) on shares of ANSYS in a research report on Friday, November 3rd. Finally, Royal Bank of Canada upped their price objective on shares of ANSYS from $130.00 to $147.00 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $130.91.
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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