ANSYS, Inc. (ANSS) is Contravisory Investment Management Inc.’s 6th Largest Position
Contravisory Investment Management Inc. trimmed its position in ANSYS, Inc. (NASDAQ:ANSS) by 10.3% during the 4th quarter, Holdings Channel reports. The firm owned 46,460 shares of the software maker’s stock after selling 5,348 shares during the quarter. ANSYS accounts for about 2.5% of Contravisory Investment Management Inc.’s investment portfolio, making the stock its 6th largest holding. Contravisory Investment Management Inc.’s holdings in ANSYS were worth $6,857,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the company. Parallax Volatility Advisers L.P. bought a new stake in ANSYS during the second quarter worth approximately $138,000. ETF Managers Group LLC bought a new stake in ANSYS during the second quarter worth approximately $171,000. Zions Bancorporation increased its stake in ANSYS by 9,070.6% during the third quarter. Zions Bancorporation now owns 1,559 shares of the software maker’s stock worth $191,000 after acquiring an additional 1,542 shares during the last quarter. Calamos Advisors LLC bought a new stake in ANSYS during the third quarter worth approximately $201,000. Finally, Tocqueville Asset Management L.P. bought a new stake in ANSYS during the third quarter worth approximately $204,000. 96.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ANSYS, Inc. (NASDAQ ANSS) traded up $2.59 during trading hours on Thursday, hitting $158.34. The company’s stock had a trading volume of 459,697 shares, compared to its average volume of 485,117. ANSYS, Inc. has a fifty-two week low of $92.33 and a fifty-two week high of $158.73. The stock has a market capitalization of $13,016.75, a price-to-earnings ratio of 49.79 and a beta of 1.07.
ANSS has been the topic of several analyst reports. Needham & Company LLC reissued a “hold” rating on shares of ANSYS in a research note on Friday, November 3rd. KeyCorp reissued 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 ANSYS and gave the stock a “buy” rating in a research note on Sunday, October 1st. Zacks Investment Research cut ANSYS from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, Evercore ISI reissued a “hold” rating and set a $113.00 price objective on shares of ANSYS in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $128.91.
In related news, Director Barbara Vaughn Scherer sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $150.00, for a total value of $150,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Richard S. Mahoney sold 8,527 shares of the business’s 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. Insiders have sold 27,031 shares of company stock valued at $2,960,730 in the last 90 days. Company insiders own 1.30% of the company’s stock.
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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.
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