ANSYS, Inc. (ANSS) Position Decreased by Gateway Investment Advisers LLC
Gateway Investment Advisers LLC trimmed its stake in ANSYS, Inc. (NASDAQ:ANSS) by 12.3% during the fourth quarter, HoldingsChannel reports. The fund owned 94,814 shares of the software maker’s stock after selling 13,256 shares during the quarter. Gateway Investment Advisers LLC’s holdings in ANSYS were worth $13,994,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Parallax Volatility Advisers L.P. bought a new position in shares of ANSYS in the 2nd quarter valued at approximately $138,000. ETF Managers Group LLC bought a new position in shares of ANSYS in the 2nd quarter valued at approximately $171,000. Zions Bancorporation raised its stake in shares of ANSYS by 9,070.6% in the 3rd quarter. Zions Bancorporation now owns 1,559 shares of the software maker’s stock valued at $191,000 after acquiring an additional 1,542 shares in the last quarter. Calamos Advisors LLC bought a new position in shares of ANSYS in the 3rd quarter valued at approximately $201,000. Finally, Tocqueville Asset Management L.P. bought a new position in shares of ANSYS in the 3rd quarter valued at approximately $204,000. 96.74% of the stock is currently owned by institutional investors and hedge funds.
ANSYS, Inc. (NASDAQ:ANSS) opened at $158.34 on Friday. The company has a market capitalization of $13,217.02, a P/E ratio of 49.79 and a beta of 1.07. ANSYS, Inc. has a 1 year low of $92.33 and a 1 year high of $158.73.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.10. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The company had revenue of $276.77 million for the quarter, compared to the consensus estimate of $263.77 million. During the same period in the previous year, the business posted $0.95 EPS. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. equities analysts predict that ANSYS, Inc. will post 3.57 EPS for the current year.
A number of brokerages recently weighed in on ANSS. Zacks Investment Research downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Needham & Company LLC reissued a “hold” rating on shares of ANSYS in a research note on Friday, November 3rd. Citigroup raised their price objective on ANSYS from $125.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Wedbush reissued a “neutral” rating and issued a $114.00 price objective (down from $136.00) on shares of ANSYS in a research note on Friday, November 3rd. Finally, Royal Bank of Canada raised their price objective on ANSYS from $130.00 to $147.00 and gave the company a “sector perform” rating in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $128.91.
In other news, Director Barbara Vaughn Scherer sold 1,000 shares of ANSYS stock in a transaction that occurred on Monday, November 13th. The stock was 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 at this hyperlink. Also, VP Mark Hindsbo sold 5,000 shares of ANSYS stock in a transaction that occurred 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. Insiders have sold a total of 27,031 shares of company stock worth $2,960,730 in the last three months. 1.30% of the stock is owned by insiders.
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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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