State of Tennessee Treasury Department Has $5.62 Million Holdings in ANSYS, Inc. (ANSS)
State of Tennessee Treasury Department decreased its position in ANSYS, Inc. (NASDAQ:ANSS) by 18.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,829 shares of the software maker’s stock after selling 10,255 shares during the period. State of Tennessee Treasury Department owned 0.05% of ANSYS worth $5,624,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Creative Planning increased its stake in ANSYS by 68.6% in the 2nd quarter. Creative Planning now owns 875 shares of the software maker’s stock valued at $106,000 after buying an additional 356 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in ANSYS by 7.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock valued at $121,000 after buying an additional 69 shares during the last quarter. Parallax Volatility Advisers L.P. purchased a new stake in ANSYS in the 2nd quarter valued at about $138,000. Dupont Capital Management Corp purchased a new stake in ANSYS in the 2nd quarter valued at about $149,000. Finally, Fiduciary Trust Co. purchased a new stake in ANSYS in the 2nd quarter valued at about $170,000. Hedge funds and other institutional investors own 97.60% of the company’s stock.
ANSS has been the subject of several analyst reports. Goldman Sachs Group, Inc. (The) initiated coverage on shares of ANSYS in a research note on Monday, July 17th. They issued a “neutral” rating and a $112.00 price objective for the company. Needham & Company LLC reiterated a “hold” rating on shares of ANSYS in a research note on Friday, November 3rd. KeyCorp reiterated 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. Finally, Wedbush reiterated a “neutral” rating and issued a $129.19 price objective (up previously from $114.00) on shares of ANSYS in a research note on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $128.91.
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In related news, VP Shane Emswiler sold 12,504 shares of ANSYS stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $151.96, for a total value of $1,900,107.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.
Shares of ANSYS, Inc. (NASDAQ:ANSS) opened at $150.87 on Tuesday. ANSYS, Inc. has a one year low of $89.08 and a one year high of $155.14. The stock has a market cap of $12,752.83, a P/E ratio of 42.94 and a beta of 1.05.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.10. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. The company had revenue of $276.77 million during the quarter, compared to analyst estimates of $263.77 million. During the same quarter last year, the business posted $0.95 EPS. ANSYS’s quarterly revenue was up 12.6% compared to the same quarter last year. analysts forecast that ANSYS, Inc. will post 3.57 earnings per share for the current year.
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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