Caxton Associates LP Invests $362,000 in ANSYS, Inc. (ANSS) Stock
Caxton Associates LP bought a new stake in ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,453 shares of the software maker’s stock, valued at approximately $362,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ANSS. Cerebellum GP LLC purchased a new stake in shares of ANSYS during the 4th quarter valued at approximately $122,000. Calton & Associates Inc. purchased a new stake in shares of ANSYS during the 4th quarter valued at approximately $184,000. Zions Bancorporation lifted its stake in shares of ANSYS by 9,070.6% during the 3rd quarter. Zions Bancorporation now owns 1,559 shares of the software maker’s stock valued at $191,000 after buying an additional 1,542 shares in the last quarter. Conning Inc. purchased a new stake in shares of ANSYS during the 4th quarter valued at approximately $204,000. Finally, Diversified Trust Co purchased a new stake in shares of ANSYS during the 4th quarter valued at approximately $210,000. Hedge funds and other institutional investors own 96.53% of the company’s stock.
ANSS has been the topic of a number of recent research reports. Zacks Investment Research cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. BidaskClub cut shares of ANSYS from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 26th. Berenberg Bank upgraded 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. Wedbush reaffirmed a “neutral” rating and set a $136.00 target price (down previously from $160.00) on shares of ANSYS in a report on Friday, February 23rd. Finally, ValuEngine raised shares of ANSYS from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has given 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.
Shares of ANSYS, Inc. (NASDAQ ANSS) opened at $167.75 on Wednesday. The firm has a market cap of $14,253.10, a P/E ratio of 47.87 and a beta of 1.04. ANSYS, Inc. has a twelve month low of $104.55 and a twelve month high of $171.92.
ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, February 21st. The software maker reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.04. The business had revenue of $302.34 million for the quarter, compared to analyst estimates of $290.66 million. ANSYS had a net margin of 23.67% and a return on equity of 13.77%. ANSYS’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 EPS. equities analysts predict 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 program on Wednesday, February 21st that authorizes the company to repurchase 5,000,000 outstanding shares. This repurchase authorization authorizes the software maker to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
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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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