ANSYS, Inc. (ANSS) Shares Sold by TD Asset Management Inc.
TD Asset Management Inc. reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,939 shares of the software maker’s stock after selling 1,705 shares during the quarter. TD Asset Management Inc. owned about 0.06% of ANSYS worth $5,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in ANSS. Creative Planning grew its holdings in ANSYS by 68.6% during the 2nd quarter. Creative Planning now owns 875 shares of the software maker’s stock valued at $106,000 after buying an additional 356 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in ANSYS by 7.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock valued at $121,000 after buying an additional 69 shares in the last quarter. Parallax Volatility Advisers L.P. purchased a new stake in ANSYS during the 2nd quarter valued at approximately $138,000. Dupont Capital Management Corp purchased a new stake in ANSYS during the 2nd quarter valued at approximately $149,000. Finally, Fiduciary Trust Co. purchased a new stake in ANSYS during the 2nd quarter valued at approximately $170,000. 96.95% of the stock is owned by institutional investors and hedge funds.
ANSS has been the subject of a number of research analyst reports. Berenberg Bank initiated coverage on shares of ANSYS in a report on Wednesday, August 23rd. They set a “hold” rating and a $123.00 price objective for the company. Robert W. Baird set a $130.00 target price on ANSYS and gave the company a “buy” rating in a research report on Monday, August 28th. Royal Bank Of Canada reiterated a “hold” rating and set a $118.00 target price on shares of ANSYS in a research report on Monday, September 11th. Evercore ISI reiterated a “hold” rating and set a $113.00 target price on shares of ANSYS in a research report on Wednesday, September 13th. Finally, Wedbush reiterated a “neutral” rating and set a $129.19 target price (up from $114.00) on shares of ANSYS in a research report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $128.91.
In related news, Director Barbara Vaughn Scherer sold 1,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $150.00, for a total value of $150,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mark Hindsbo sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $151.70, for a total value of $758,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,504 shares of company stock valued at $2,808,608. 1.30% of the stock is owned by corporate insiders.
ANSYS, Inc. (NASDAQ:ANSS) opened at $143.44 on Wednesday. The company has a market capitalization of $12,180.00, a P/E ratio of 41.87 and a beta of 1.06. ANSYS, Inc. has a 52-week low of $91.89 and a 52-week high of $155.14.
ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. The firm had revenue of $276.77 million during the quarter, compared to the consensus estimate of $263.77 million. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 EPS. equities analysts expect that ANSYS, Inc. will post 3.57 EPS for the current year.
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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