Toronto Dominion Bank Grows Stake in ANSYS, Inc. (ANSS)
Toronto Dominion Bank lifted its position in ANSYS, Inc. (NASDAQ:ANSS) by 9.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,373 shares of the software maker’s stock after buying an additional 3,321 shares during the period. Toronto Dominion Bank’s holdings in ANSYS were worth $4,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning boosted its stake in shares of ANSYS by 68.6% in the 2nd quarter. Creative Planning now owns 875 shares of the software maker’s stock worth $106,000 after buying an additional 356 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of ANSYS by 7.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock worth $121,000 after buying an additional 69 shares during the last quarter. Parallax Volatility Advisers L.P. purchased a new position in shares of ANSYS in the 2nd quarter worth $138,000. Dupont Capital Management Corp purchased a new position in shares of ANSYS in the 2nd quarter worth $149,000. Finally, Fiduciary Trust Co. purchased a new position in shares of ANSYS in the 2nd quarter worth $170,000. Hedge funds and other institutional investors own 97.60% of the company’s stock.
A number of equities analysts have recently issued reports on the company. KeyCorp restated a “hold” rating on shares of ANSYS in a research note on Friday, September 29th. Needham & Company LLC reiterated a “hold” rating on shares of ANSYS in a research report on Friday, November 3rd. Berenberg Bank assumed coverage on ANSYS in a research report on Wednesday, August 23rd. They set a “hold” rating and a $123.00 target price on the stock. Zacks Investment Research upgraded ANSYS from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Royal Bank Of Canada lifted their target price on ANSYS from $130.00 to $147.00 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. ANSYS presently has an average rating of “Hold” and an average price target of $128.91.
In other ANSYS news, VP Shane Emswiler sold 12,504 shares of the firm’s 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Barbara Vaughn Scherer sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $150.00, for a total value of $150,000.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
Shares of ANSYS, Inc. (NASDAQ:ANSS) opened at $150.57 on Friday. The company has a market capitalization of $12,777.37, a PE ratio of 43.02 and a beta of 1.05. ANSYS, Inc. has a twelve month low of $91.89 and a twelve month high of $155.14.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.10. The business had revenue of $276.77 million for the quarter, compared to analysts’ expectations of $263.77 million. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the firm earned $0.95 earnings per share. equities analysts anticipate that ANSYS, Inc. will post 3.57 EPS for the current fiscal 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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