Nomura Asset Management Co. Ltd. increased its stake in ANSYS, Inc. (NASDAQ:ANSS) by 10.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,005 shares of the software maker’s stock after purchasing an additional 1,097 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in ANSYS were worth $1,473,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. WINTON GROUP Ltd acquired a new stake in ANSYS in the 2nd quarter valued at about $243,000. Dimensional Fund Advisors LP grew its stake in ANSYS by 11.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 331,081 shares of the software maker’s stock valued at $40,284,000 after acquiring an additional 32,962 shares during the last quarter. Aviva PLC grew its stake in ANSYS by 2.9% in the 2nd quarter. Aviva PLC now owns 51,933 shares of the software maker’s stock valued at $6,317,000 after acquiring an additional 1,440 shares during the last quarter. Toronto Dominion Bank grew its stake in ANSYS by 9.2% in the 3rd 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 last quarter. Finally, Neuberger Berman Group LLC grew its stake in ANSYS by 1.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 414,743 shares of the software maker’s stock valued at $50,466,000 after acquiring an additional 7,443 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.
ANSS has been the topic of a number of research reports. Berenberg Bank initiated coverage on shares of ANSYS in a research note on Wednesday, August 23rd. They issued a “hold” rating and a $123.00 price objective on the stock. Robert W. Baird set a $130.00 price objective on shares of ANSYS and gave the company a “buy” rating in a research note on Monday, August 28th. Royal Bank of Canada reissued a “hold” rating and issued a $118.00 price objective on shares of ANSYS in a research note on Monday, September 11th. Evercore ISI reissued a “hold” rating and issued a $113.00 price objective on shares of ANSYS in a research note on Wednesday, September 13th. Finally, Wedbush reissued a “neutral” rating and issued a $129.19 price objective (up from $114.00) on shares of ANSYS in a research note on Friday, September 15th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $128.91.
In other news, Director Barbara Vaughn Scherer sold 1,000 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $150.00, for a total transaction of $150,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shane Emswiler sold 12,504 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $151.96, for a total transaction of $1,900,107.84. The disclosure for this sale can be found here. Insiders have sold a total of 18,504 shares of company stock worth $2,808,608 over the last ninety days. 1.30% of the stock is owned by corporate insiders.
Shares of ANSYS, Inc. (NASDAQ ANSS) opened at $144.51 on Friday. ANSYS, Inc. has a 12 month low of $91.89 and a 12 month high of $155.14. The stock has a market cap of $12,332.77, a PE ratio of 41.52 and a beta of 1.07.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.10. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. The company had revenue of $276.77 million for the quarter, compared to analysts’ expectations of $263.77 million. During the same period last year, the company earned $0.95 EPS. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. research analysts predict that ANSYS, Inc. will post 3.57 EPS for the current year.
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ANSYS Company Profile
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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