ANSYS, Inc. (ANSS) Position Raised by Magnetar Financial LLC
Magnetar Financial LLC boosted its position in ANSYS, Inc. (NASDAQ:ANSS) by 167.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,186 shares of the software maker’s stock after purchasing an additional 8,879 shares during the period. Magnetar Financial LLC’s holdings in ANSYS were worth $1,741,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in ANSS. WINTON GROUP Ltd acquired a new stake in shares of ANSYS during the 2nd quarter valued at approximately $243,000. Dimensional Fund Advisors LP lifted its position in shares of ANSYS by 11.1% during 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 period. Aviva PLC lifted its position in shares of ANSYS by 2.9% during 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 period. Toronto Dominion Bank lifted its position in shares of ANSYS by 9.2% during 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 period. Finally, Neuberger Berman Group LLC lifted its position in shares of ANSYS by 1.8% during 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 period. Hedge funds and other institutional investors own 96.95% of the company’s stock.
Several brokerages recently issued reports on ANSS. KeyCorp restated a “hold” rating on shares of ANSYS in a research report on Friday, September 29th. Berenberg Bank began coverage on ANSYS in a research 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 price objective on ANSYS and gave the stock a “buy” rating in a research report on Sunday, October 1st. Citigroup began coverage on ANSYS in a research report on Friday, September 22nd. They set a “neutral” rating and a $125.00 price objective for the company. Finally, Zacks Investment Research downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $128.91.
ANSYS, Inc. (ANSS) opened at $146.31 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 capitalization of $12,172.39, a P/E ratio of 40.98 and a beta of 1.07.
ANSYS (NASDAQ:ANSS) last released its 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. The firm had revenue of $276.77 million during the quarter, compared to analysts’ expectations of $263.77 million. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. ANSYS’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.95 EPS. research analysts forecast that ANSYS, Inc. will post 3.57 EPS for the current year.
In other ANSYS news, Director Barbara Vaughn Scherer sold 1,000 shares of ANSYS stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $150.00, for a total value of $150,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 transaction of $758,500.00. The disclosure for this sale can be found here. Insiders sold a total of 18,504 shares of company stock valued at $2,808,608 over the last ninety days. 1.30% of the stock is owned by corporate 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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