Marshall Wace LLP Takes $6.49 Million Position in ANSYS, Inc. (ANSS)
Marshall Wace LLP bought a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) in the second quarter, Holdings Channel reports. The institutional investor bought 37,280 shares of the software maker’s stock, valued at approximately $6,493,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. raised its position in ANSYS by 5.0% during the 1st quarter. BlackRock Inc. now owns 7,083,785 shares of the software maker’s stock valued at $1,109,958,000 after purchasing an additional 334,732 shares in the last quarter. Aristotle Capital Management LLC raised its position in ANSYS by 3.0% during the 1st quarter. Aristotle Capital Management LLC now owns 2,352,229 shares of the software maker’s stock valued at $368,571,000 after purchasing an additional 67,635 shares in the last quarter. Bank of New York Mellon Corp raised its position in ANSYS by 4.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,561,040 shares of the software maker’s stock valued at $271,901,000 after purchasing an additional 60,785 shares in the last quarter. Morgan Stanley raised its position in ANSYS by 229.2% during the 2nd quarter. Morgan Stanley now owns 1,432,463 shares of the software maker’s stock valued at $249,507,000 after purchasing an additional 997,328 shares in the last quarter. Finally, Northern Trust Corp raised its position in ANSYS by 1.3% during the 1st quarter. Northern Trust Corp now owns 1,331,878 shares of the software maker’s stock valued at $208,692,000 after purchasing an additional 17,632 shares in the last quarter. 95.31% of the stock is owned by institutional investors and hedge funds.
In related news, insider Ajei Gopal sold 9,609 shares of the business’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $186.35, for a total transaction of $1,790,637.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Thurk sold 3,500 shares of the business’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $170.19, for a total value of $595,665.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,896 shares of company stock valued at $8,233,184. Corporate insiders own 1.10% of the company’s stock.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Monday, August 6th. The software maker reported $1.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.25. The firm had revenue of $308.90 million during the quarter, compared to analyst estimates of $288.26 million. ANSYS had a return on equity of 14.95% and a net margin of 25.98%. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS. research analysts anticipate that ANSYS, Inc. will post 4.54 earnings per share for the current year.
A number of equities research analysts have weighed in on ANSS shares. Guggenheim started coverage on ANSYS in a research report on Tuesday, August 7th. They set a “buy” rating and a $210.00 target price for the company. Goldman Sachs Group raised ANSYS from a “neutral” rating to a “buy” rating and set a $112.00 target price for the company in a research report on Wednesday, June 20th. Royal Bank of Canada lifted their target price on ANSYS to $180.00 and gave the company a “market perform” rating in a research report on Monday, August 6th. Citigroup reaffirmed an “overweight” rating on shares of ANSYS in a research report on Tuesday, August 14th. Finally, Zacks Investment Research raised ANSYS from a “hold” rating to a “buy” rating and set a $183.00 target price for the company in a research report on Monday, May 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $165.45.
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
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