Mackenzie Financial Corp Trims Stake in ANSYS, Inc. (ANSS)
Mackenzie Financial Corp lessened its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 78.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,000 shares of the software maker’s stock after selling 245,179 shares during the quarter. Mackenzie Financial Corp owned about 0.08% of ANSYS worth $8,468,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Creative Planning lifted its position in shares of ANSYS by 68.6% during the second quarter. Creative Planning now owns 875 shares of the software maker’s stock worth $106,000 after purchasing an additional 356 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of ANSYS by 7.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock worth $121,000 after buying an additional 69 shares during the period. Parallax Volatility Advisers L.P. purchased a new stake in shares of ANSYS during the second quarter worth approximately $138,000. Dupont Capital Management Corp purchased a new stake in shares of ANSYS during the second quarter worth approximately $149,000. Finally, Fiduciary Trust Co. purchased a new stake in shares of ANSYS during the second quarter worth approximately $170,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research note on Tuesday, November 7th. Needham & Company LLC restated a “hold” rating on shares of ANSYS in a research note on Friday, November 3rd. Citigroup upped their target price on shares of ANSYS from $125.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Wedbush restated a “neutral” rating and set a $114.00 target price (down from $136.00) on shares of ANSYS in a research note on Friday, November 3rd. Finally, Royal Bank Of Canada upped their target price on shares of ANSYS from $130.00 to $147.00 and gave the stock a “sector perform” rating in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. ANSYS has a consensus rating of “Hold” and a consensus target price of $128.91.
In other ANSYS news, Director Barbara Vaughn Scherer sold 1,000 shares of the 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Shane Emswiler sold 12,504 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $151.96, for a total transaction of $1,900,107.84. The disclosure for this sale can be found here. Insiders sold 18,504 shares of company stock worth $2,808,608 over the last quarter. 1.30% of the stock is currently owned by insiders.
ANSYS, Inc. (NASDAQ:ANSS) opened at $146.13 on Friday. The company has a market cap of $12,450.00, a P/E ratio of 41.35 and a beta of 1.06. ANSYS, Inc. has a one year low of $91.89 and a one year high of $155.14.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.10. The company had revenue of $276.77 million for the quarter, compared to analyst estimates of $263.77 million. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. The firm’s revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 earnings per share. analysts expect that ANSYS, Inc. will post 3.57 EPS for the current fiscal year.
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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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