BlueCrest Capital Management Ltd acquired a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 11,272 shares of the software maker’s stock, valued at approximately $1,664,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ANSS. Bank of New York Mellon Corp increased its holdings in ANSYS by 27.2% during the 3rd 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 period. Amundi Pioneer Asset Management Inc. purchased a new position in ANSYS during the 4th quarter worth $20,726,000. Kayne Anderson Rudnick Investment Management LLC increased its holdings in ANSYS by 34.9% during the 3rd 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 period. Janus Henderson Group PLC increased its holdings in ANSYS by 33.1% during the 3rd 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 period. Finally, Renaissance Technologies LLC purchased a new position in ANSYS during the 4th quarter worth $16,062,000. Institutional investors own 95.36% of the company’s stock.
ANSYS, Inc. (NASDAQ ANSS) opened at $171.18 on Monday. ANSYS, Inc. has a fifty-two week low of $104.55 and a fifty-two week high of $171.21. The stock has a market capitalization of $14,357.04, a price-to-earnings ratio of 57.25 and a beta of 1.04.
ANSYS announced that its board has authorized a share 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 often a sign that the company’s board of directors believes its shares are undervalued.
Several research analysts have commented on the company. BidaskClub downgraded ANSYS from a “strong-buy” rating to a “buy” rating in a report on Friday, January 26th. Wedbush restated 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. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $181.00 price target on the stock in a report on Wednesday, February 28th. Berenberg Bank upgraded ANSYS from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a report on Tuesday, January 30th. Finally, ValuEngine upgraded ANSYS from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. ANSYS has an average rating of “Hold” and a consensus target price of $132.00.
In other news, CFO Maria T. Shields sold 25,000 shares of the firm’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bradford C. Morley sold 24,500 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $165.06, for a total value of $4,043,970.00. The disclosure for this sale can be found here. Insiders sold a total of 61,691 shares of company stock valued at $8,852,518 in the last three months. Insiders own 1.30% of the company’s stock.
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.
Want to see what other hedge funds are holding ANSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANSYS, Inc. (NASDAQ:ANSS).
Receive News & Ratings for ANSYS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS and related companies with MarketBeat.com's FREE daily email newsletter.