Bessemer Group Inc. Decreases Holdings in ANSYS, Inc. (ANSS)

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Bessemer Group Inc. cut its position in ANSYS, Inc. (NASDAQ:ANSS) by 18.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 622,478 shares of the software maker’s stock after selling 139,087 shares during the quarter. Bessemer Group Inc.’s holdings in ANSYS were worth $88,975,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Pennsylvania Trust Co purchased a new position in shares of ANSYS in the fourth quarter valued at $2,844,000. Empire Life Investments Inc. boosted its stake in shares of ANSYS by 3.1% in the fourth quarter. Empire Life Investments Inc. now owns 2,999 shares of the software maker’s stock valued at $429,000 after purchasing an additional 90 shares during the period. Eaton Vance Management boosted its stake in shares of ANSYS by 229.2% in the third quarter. Eaton Vance Management now owns 14,308 shares of the software maker’s stock valued at $2,671,000 after purchasing an additional 9,962 shares during the period. Capital Investment Services of America Inc. boosted its stake in shares of ANSYS by 2.3% in the fourth quarter. Capital Investment Services of America Inc. now owns 82,557 shares of the software maker’s stock valued at $11,801,000 after purchasing an additional 1,830 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of ANSYS by 2.1% in the third quarter. Nordea Investment Management AB now owns 95,700 shares of the software maker’s stock valued at $17,865,000 after purchasing an additional 1,951 shares during the period. Institutional investors and hedge funds own 92.84% of the company’s stock.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $200.00 target price for the company in a research note on Wednesday. Mitsubishi UFJ Financial Group upped their target price on shares of ANSYS to $203.00 and gave the company an “overweight” rating in a research note on Thursday, February 28th. Stifel Nicolaus set a $185.00 price objective on shares of ANSYS and gave the company a “hold” rating in a research note on Thursday, February 28th. BidaskClub upgraded shares of ANSYS from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. Finally, Wedbush increased their price objective on shares of ANSYS from $192.00 to $201.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. ANSYS presently has an average rating of “Buy” and a consensus price target of $181.46.

In other ANSYS news, VP Richard S. Mahoney sold 8,347 shares of the stock in a transaction on Thursday, January 3rd. The shares were sold at an average price of $140.44, for a total transaction of $1,172,252.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Maria T. Shields sold 13,704 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $182.23, for a total transaction of $2,497,279.92. The disclosure for this sale can be found here. Insiders have sold 28,475 shares of company stock worth $4,790,266 over the last three months. 1.10% of the stock is owned by corporate insiders.

NASDAQ ANSS opened at $178.68 on Thursday. ANSYS, Inc. has a 12 month low of $136.80 and a 12 month high of $190.45. The firm has a market cap of $14.66 billion, a price-to-earnings ratio of 34.30 and a beta of 1.34.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, February 27th. The software maker reported $2.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.64. ANSYS had a net margin of 27.00% and a return on equity of 15.33%. The firm had revenue of $340.07 million for the quarter, compared to the consensus estimate of $365.03 million. During the same period in the prior year, the firm posted $1.07 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts predict that ANSYS, Inc. will post 4.95 earnings per share for the current fiscal year.

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ANSYS Profile

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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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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