Cubist Systematic Strategies LLC Has $1.95 Million Stake in ANSYS, Inc. (ANSS)
Cubist Systematic Strategies LLC grew its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 3,864.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,858 shares of the software maker’s stock after acquiring an additional 15,458 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in ANSYS were worth $1,946,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in ANSS. Vanguard Group Inc. boosted its holdings in shares of ANSYS by 21.8% during the second quarter. Vanguard Group Inc. now owns 8,496,114 shares of the software maker’s stock valued at $1,033,807,000 after acquiring an additional 1,520,201 shares during the period. Koch Industries Inc. acquired a new position in shares of ANSYS during the second quarter valued at $971,000. State Street Corp boosted its holdings in shares of ANSYS by 20.9% during the second quarter. State Street Corp now owns 3,512,429 shares of the software maker’s stock valued at $427,401,000 after acquiring an additional 607,765 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of ANSYS by 27.2% during the third quarter. Bank of New York Mellon Corp now owns 1,050,124 shares of the software maker’s stock valued at $128,883,000 after acquiring an additional 224,640 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of ANSYS by 19.9% during the second quarter. Goldman Sachs Group Inc. now owns 994,793 shares of the software maker’s stock valued at $121,046,000 after acquiring an additional 165,174 shares during the period. 96.95% of the stock is owned by institutional investors.
Shares of ANSYS, Inc. (NASDAQ ANSS) opened at $144.51 on Friday. ANSYS, Inc. has a one year low of $91.89 and a one year high of $155.14. The firm has a market cap of $12,332.77, a PE ratio of 41.52 and a beta of 1.07.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, November 1st. The software maker reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. The business had revenue of $276.77 million for the quarter, compared to analysts’ expectations of $263.77 million. During the same period in the previous year, the business earned $0.95 earnings per share. The company’s revenue was up 12.6% on a year-over-year basis. sell-side analysts forecast that ANSYS, Inc. will post 3.57 EPS for the current fiscal year.
In other ANSYS news, VP Mark Hindsbo sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $151.70, for a total value of $758,500.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Barbara Vaughn Scherer sold 1,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was 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. Over the last quarter, insiders sold 18,504 shares of company stock worth $2,808,608. 1.30% of the stock is owned by company insiders.
Several equities analysts have recently issued reports on ANSS shares. Needham & Company LLC reissued a “hold” rating on shares of ANSYS in a report on Friday, November 3rd. KeyCorp restated a “hold” rating on shares of ANSYS in a research note on Friday, September 29th. Robert W. Baird set a $130.00 price objective on shares of ANSYS and gave the company a “buy” rating in a research note on Monday, August 28th. Wedbush restated a “neutral” rating and set a $129.19 price objective (up from $114.00) on shares of ANSYS in a research note on Friday, September 15th. Finally, Berenberg Bank began coverage on shares of ANSYS in a research note on Wednesday, August 23rd. They set a “hold” rating and a $123.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $128.91.
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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