ANSYS, Inc. (ANSS) Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP reduced its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 0.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 330,692 shares of the software maker’s stock after selling 389 shares during the quarter. Dimensional Fund Advisors LP owned about 0.39% of ANSYS worth $40,584,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of ANSS. Vanguard Group Inc. increased its holdings in shares of ANSYS by 21.8% during the second quarter. Vanguard Group Inc. now owns 8,496,114 shares of the software maker’s stock valued at $1,033,807,000 after acquiring an additional 1,520,201 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of ANSYS during the second quarter valued at approximately $971,000. State Street Corp increased its holdings in shares of ANSYS by 20.9% during the second quarter. State Street Corp now owns 3,512,429 shares of the software maker’s stock valued at $427,401,000 after acquiring an additional 607,765 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of ANSYS by 27.2% during 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 acquiring an additional 224,640 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of ANSYS by 19.9% during the second quarter. Goldman Sachs Group Inc. now owns 994,793 shares of the software maker’s stock valued at $121,046,000 after acquiring an additional 165,174 shares in the last quarter. Institutional investors and hedge funds own 96.67% of the company’s stock.
Several equities research analysts have recently commented on ANSS shares. Evercore ISI restated a “hold” rating and set a $113.00 price objective on shares of ANSYS in a report on Wednesday, September 13th. Wedbush restated a “neutral” rating and set a $129.19 price objective (up previously from $114.00) on shares of ANSYS in a report on Friday, September 15th. Barclays decreased their price objective on ANSYS from $115.00 to $113.00 and set an “underweight” rating for the company in a report on Friday, September 15th. JPMorgan Chase & Co. restated a “sell” rating and set a $98.00 price objective on shares of ANSYS in a report on Tuesday, September 19th. Finally, Citigroup started coverage on ANSYS in a report on Friday, September 22nd. They set a “neutral” rating and a $125.00 price objective for the company. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. ANSYS presently has a consensus rating of “Hold” and an average target price of $128.91.
ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share (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 analysts’ expectations of $263.77 million. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. ANSYS’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 earnings per share. analysts predict that ANSYS, Inc. will post 3.57 earnings per share for the current fiscal year.
In related news, Director Barbara Vaughn Scherer sold 1,000 shares of ANSYS stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $150.00, for a total transaction of $150,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Richard S. Mahoney sold 8,527 shares of ANSYS stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $17.84, for a total value of $152,121.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,031 shares of company stock worth $2,960,730. 1.30% of the stock is owned by insiders.
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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