ANSYS, Inc. (ANSS) Stake Lowered by Papp L Roy & Associates
Papp L Roy & Associates trimmed its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 4.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,873 shares of the software maker’s stock after selling 617 shares during the period. Papp L Roy & Associates’ holdings in ANSYS were worth $1,703,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. AKO Capital LLP raised its position in shares of ANSYS by 5.5% during the 3rd quarter. AKO Capital LLP now owns 341,047 shares of the software maker’s stock valued at $41,857,000 after purchasing an additional 17,781 shares during the period. Sei Investments Co. raised its position in shares of ANSYS by 14.7% during the 3rd quarter. Sei Investments Co. now owns 132,941 shares of the software maker’s stock valued at $16,315,000 after purchasing an additional 17,008 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of ANSYS by 52.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 52,775 shares of the software maker’s stock valued at $6,477,000 after purchasing an additional 18,115 shares during the period. FDx Advisors Inc. raised its position in shares of ANSYS by 23.1% during the 3rd quarter. FDx Advisors Inc. now owns 20,699 shares of the software maker’s stock valued at $2,540,000 after purchasing an additional 3,879 shares during the period. Finally, Global X MANAGEMENT CO LLC raised its position in shares of ANSYS by 45.4% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 3,069 shares of the software maker’s stock valued at $377,000 after purchasing an additional 958 shares during the period. Hedge funds and other institutional investors own 97.60% of the company’s stock.
ANSS has been the topic of several recent analyst reports. Goldman Sachs Group, Inc. (The) initiated coverage on shares of ANSYS in a research report on Monday, July 17th. They set a “neutral” rating and a $112.00 price objective on the stock. Needham & Company LLC restated a “hold” rating on shares of ANSYS in a research report on Friday, November 3rd. KeyCorp restated a “hold” rating on shares of ANSYS in a research report on Friday, September 29th. Robert W. Baird set a $130.00 target price on shares of ANSYS and gave the company a “buy” rating in a research note on Monday, August 28th. Finally, Wedbush reaffirmed a “neutral” rating and set a $129.19 target price (up from $114.00) on shares of ANSYS in a research note on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $128.91.
COPYRIGHT VIOLATION WARNING: This piece was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/11/13/ansys-inc-anss-stake-lowered-by-papp-l-roy-associates.html.
ANSYS, Inc. (NASDAQ ANSS) traded down $0.19 on Monday, reaching $150.28. 315,700 shares of the company traded hands, compared to its average volume of 553,250. ANSYS, Inc. has a 52 week low of $86.09 and a 52 week high of $155.14. The stock has a market capitalization of $12,752.83, a PE ratio of 42.94 and a beta of 1.05.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $263.77 million. During the same period last year, the company posted $0.95 EPS. The business’s revenue was up 12.6% on a year-over-year basis. analysts forecast that ANSYS, Inc. will post 3.57 EPS for the current year.
In other ANSYS news, VP Shane Emswiler sold 12,504 shares of ANSYS stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.30% of the company’s stock.
ANSYS Company Profile
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.
Want to see what other hedge funds are holding ANSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANSYS, Inc. (NASDAQ:ANSS).
Receive News & Stock Ratings for ANSYS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS Inc. and related stocks with our FREE daily email newsletter.