Guggenheim Capital LLC Has $77.12 Million Position in ANSYS, Inc. (ANSS)
Guggenheim Capital LLC increased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 34.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 522,492 shares of the software maker’s stock after acquiring an additional 133,151 shares during the quarter. Guggenheim Capital LLC’s holdings in ANSYS were worth $77,115,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Caxton Associates LP acquired a new stake in ANSYS during the fourth quarter worth approximately $362,000. Advisor Group Inc. boosted its position in ANSYS by 25.3% during the fourth quarter. Advisor Group Inc. now owns 5,406 shares of the software maker’s stock worth $797,000 after acquiring an additional 1,093 shares during the last quarter. Dynamic Capital Management Ltd acquired a new stake in ANSYS during the fourth quarter worth approximately $4,828,000. Quantitative Investment Management LLC acquired a new stake in ANSYS during the fourth quarter worth approximately $7,837,000. Finally, Fred Alger Management Inc. boosted its position in ANSYS by 25.9% during the fourth quarter. Fred Alger Management Inc. now owns 93,141 shares of the software maker’s stock worth $13,747,000 after acquiring an additional 19,187 shares during the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.
In other news, Director Bradford C. Morley sold 24,500 shares of the firm’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $165.06, for a total value of $4,043,970.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Richard S. Mahoney sold 8,527 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $17.84, for a total transaction of $152,121.68. The disclosure for this sale can be found here. In the last three months, insiders sold 61,691 shares of company stock worth $8,852,518. Insiders own 1.30% of the company’s stock.
ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 21st. The software maker reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.04. ANSYS had a net margin of 23.67% and a return on equity of 13.77%. The business had revenue of $302.34 million for the quarter, compared to the consensus estimate of $290.66 million. During the same quarter last year, the firm posted $0.98 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. analysts anticipate that ANSYS, Inc. will post 4.41 earnings per share for the current year.
ANSYS declared that its Board of Directors has approved a share buyback plan on Wednesday, February 21st that allows the company to repurchase 5,000,000 outstanding shares. This repurchase authorization allows the software maker to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.
A number of research firms have weighed in on ANSS. BidaskClub raised shares of ANSYS from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 7th. ValuEngine raised shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Berenberg Bank raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research note on Tuesday, January 30th. Finally, Wedbush reaffirmed a “neutral” rating and set a $136.00 price target (down previously from $160.00) on shares of ANSYS in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $132.00.
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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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