Stephens Investment Management Group LLC cut its position in ANSYS, Inc. (NASDAQ:ANSS) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,730 shares of the software maker’s stock after selling 1,322 shares during the quarter. Stephens Investment Management Group LLC owned 0.14% of ANSYS worth $14,817,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Macquarie Group Ltd. raised its position in ANSYS by 123.9% in the third quarter. Macquarie Group Ltd. now owns 5,060 shares of the software maker’s stock valued at $621,000 after purchasing an additional 2,800 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in ANSYS by 34.9% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 501,015 shares of the software maker’s stock valued at $61,490,000 after purchasing an additional 129,627 shares during the last quarter. Russell Investments Group Ltd. raised its position in ANSYS by 12.1% in the third quarter. Russell Investments Group Ltd. now owns 21,172 shares of the software maker’s stock valued at $2,598,000 after purchasing an additional 2,290 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in ANSYS by 4.7% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 21,299 shares of the software maker’s stock valued at $2,614,000 after purchasing an additional 950 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in ANSYS by 27.2% in 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 purchasing an additional 224,640 shares during the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/11/22/stephens-investment-management-group-llc-reduces-holdings-in-ansys-inc-anss.html.

In other ANSYS news, VP Shane Emswiler sold 12,504 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was 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 at the SEC website. Also, Director Barbara Vaughn Scherer sold 1,000 shares of the firm’s 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 disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

ANSS has been the subject of several research reports. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $139.00 target price for the company in a research report on Tuesday, October 3rd. Evercore ISI restated a “hold” rating and set a $113.00 price objective on shares of ANSYS in a research report on Wednesday, September 13th. Needham & Company LLC restated a “hold” rating on shares of ANSYS in a research report on Friday, November 3rd. Robert W. Baird restated an “outperform” rating and set a $155.00 price objective (up from $130.00) on shares of ANSYS in a research report on Friday, November 3rd. Finally, Wedbush restated a “neutral” rating and set a $114.00 price objective (down from $136.00) on shares of ANSYS in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $128.91.

ANSYS, Inc. (ANSS) traded up $2.19 during midday trading on Wednesday, reaching $153.40. The company had a trading volume of 626,900 shares, compared to its average volume of 549,663. ANSYS, Inc. has a fifty-two week low of $91.89 and a fifty-two week high of $155.14. The firm has a market capitalization of $12,831.75, a PE ratio of 43.20 and a beta of 1.05.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, topping the consensus estimate of $0.95 by $0.10. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The business had revenue of $276.77 million during the quarter, compared to analysts’ expectations of $263.77 million. During the same quarter last year, the firm posted $0.95 earnings per share. The firm’s revenue was up 12.6% on a year-over-year basis. equities analysts expect that ANSYS, Inc. will post 3.57 EPS for the current year.

ANSYS 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).

Institutional Ownership by Quarter for ANSYS (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.