ANSYS, Inc. (ANSS) Holdings Trimmed by Sit Investment Associates Inc.
Sit Investment Associates Inc. lessened its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 18.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 45,245 shares of the software maker’s stock after selling 10,550 shares during the quarter. Sit Investment Associates Inc.’s holdings in ANSYS were worth $6,678,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Parallax Volatility Advisers L.P. acquired a new stake in ANSYS during the 2nd quarter valued at approximately $138,000. ETF Managers Group LLC acquired a new stake in ANSYS during the 2nd quarter valued at approximately $171,000. Zions Bancorporation increased its position in ANSYS by 9,070.6% during the 3rd quarter. Zions Bancorporation now owns 1,559 shares of the software maker’s stock valued at $191,000 after purchasing an additional 1,542 shares during the period. Calamos Advisors LLC acquired a new stake in ANSYS during the 3rd quarter valued at approximately $201,000. Finally, Pacer Advisors Inc. increased its position in ANSYS by 7.5% during the 2nd quarter. Pacer Advisors Inc. now owns 1,655 shares of the software maker’s stock valued at $201,000 after purchasing an additional 116 shares during the period. 96.67% of the stock is owned by institutional investors and hedge funds.
In related news, VP Shane Emswiler sold 12,504 shares of ANSYS stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $151.96, for a total value of $1,900,107.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barbara Vaughn Scherer sold 1,000 shares of ANSYS stock in a transaction on Monday, November 13th. The shares were sold at an average price of $150.00, for a total transaction of $150,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 27,031 shares of company stock valued at $2,960,730. 1.30% of the stock is currently owned by insiders.
Shares of ANSYS, Inc. (NASDAQ:ANSS) opened at $152.21 on Friday. The company has a market cap of $12,900.00, a P/E ratio of 47.86 and a beta of 1.07. ANSYS, Inc. has a 52-week low of $92.33 and a 52-week high of $156.14.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, topping the consensus estimate of $0.95 by $0.10. The company had revenue of $276.77 million during the quarter, compared to the consensus estimate of $263.77 million. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS. equities research analysts predict that ANSYS, Inc. will post 3.57 earnings per share for the current year.
A number of research firms have weighed in on ANSS. Zacks Investment Research raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a research report on Tuesday, November 7th. Citigroup raised their price objective on shares of ANSYS from $125.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Wedbush reaffirmed a “neutral” rating and set a $114.00 price objective (down previously from $136.00) on shares of ANSYS in a research report on Friday, November 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of ANSYS in a research report on Friday, November 3rd. Finally, Royal Bank of Canada raised their price objective on shares of ANSYS from $130.00 to $147.00 and gave the stock a “sector perform” rating in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $128.91.
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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