ANSYS, Inc. (ANSS) Shares Sold by Colony Group LLC
Colony Group LLC cut its position in ANSYS, Inc. (NASDAQ:ANSS) by 2.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,900 shares of the software maker’s stock after selling 623 shares during the period. Colony Group LLC’s holdings in ANSYS were worth $3,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of the company. Creative Planning lifted its position in ANSYS by 68.6% during the second quarter. Creative Planning now owns 875 shares of the software maker’s stock worth $106,000 after buying an additional 356 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in ANSYS by 7.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock valued at $121,000 after purchasing an additional 69 shares during the period. Parallax Volatility Advisers L.P. purchased a new stake in ANSYS in the second quarter valued at $138,000. Dupont Capital Management Corp purchased a new stake in ANSYS in the second quarter valued at $149,000. Finally, Fiduciary Trust Co. purchased a new stake in ANSYS in the second quarter valued at $170,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ANSYS, Inc. (ANSS) opened at $144.76 on Thursday. The stock has a market capitalization of $12,422.72, a price-to-earnings ratio of 41.83 and a beta of 1.07. ANSYS, Inc. has a 1-year low of $91.89 and a 1-year high of $155.14.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.10. The firm had revenue of $276.77 million for 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 quarter in the previous year, the business earned $0.95 EPS. analysts expect that ANSYS, Inc. will post 3.57 earnings per share for the current year.
A number of research firms have commented on ANSS. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research report on Tuesday, November 7th. Wedbush restated a “neutral” rating and issued a $114.00 target price (down previously from $136.00) on shares of ANSYS in a research report on Friday, November 3rd. Citigroup lifted their target price on ANSYS from $125.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Needham & Company LLC restated a “hold” rating on shares of ANSYS in a research report on Friday, November 3rd. Finally, Robert W. Baird restated an “outperform” rating and issued a $155.00 target price (up previously from $130.00) on shares of ANSYS in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. ANSYS currently has a consensus rating of “Hold” and an average target price of $128.91.
In related news, VP Shane Emswiler sold 12,504 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was 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 SEC, which is accessible through this link. Also, Director Barbara Vaughn Scherer sold 1,000 shares of the business’s stock in a transaction on 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. Insiders sold a total of 18,504 shares of company stock worth $2,808,608 in the last quarter. Company insiders own 1.30% of the company’s stock.
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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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