OxFORD Asset Management LLP cut its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 20.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,774 shares of the software maker’s stock after selling 2,443 shares during the period. OxFORD Asset Management LLP’s holdings in ANSYS were worth $1,189,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in ANSS. Bronfman E.L. Rothschild L.P. grew its holdings in shares of ANSYS by 7.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock valued at $121,000 after buying an additional 69 shares in the last quarter. Parallax Volatility Advisers L.P. purchased a new position in shares of ANSYS during the second quarter valued at $138,000. Dupont Capital Management Corp purchased a new position in ANSYS in the second quarter valued at about $149,000. Fiduciary Trust Co. purchased a new position in ANSYS in the second quarter valued at about $170,000. Finally, ETF Managers Group LLC purchased a new position in ANSYS in the second quarter valued at about $171,000. 96.67% of the stock is currently owned by institutional investors.
In other news, VP Richard S. Mahoney sold 8,527 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $17.84, for a total value of $152,121.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Barbara Vaughn Scherer sold 1,000 shares of the company’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. In the last ninety days, insiders sold 27,031 shares of company stock valued at $2,960,730. Insiders own 1.30% of the company’s stock.
A number of brokerages have commented on ANSS. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research note on Tuesday, November 7th. Wedbush reiterated a “neutral” rating and set a $114.00 price target (down previously from $136.00) on shares of ANSYS in a research note on Friday, November 3rd. Citigroup upped their price target on ANSYS from $125.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Needham & Company LLC reiterated a “hold” rating on shares of ANSYS in a research note on Friday, November 3rd. Finally, Royal Bank of Canada upped their price target on ANSYS from $130.00 to $147.00 and gave the stock a “sector perform” rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $128.91.
ANSYS, Inc. (ANSS) traded up $0.05 during midday trading on Thursday, hitting $152.16. The company had a trading volume of 438,414 shares, compared to its average volume of 486,814. ANSYS, Inc. has a fifty-two week low of $92.33 and a fifty-two week high of $156.14. The firm has a market cap of $12,900.00, a PE ratio of 47.85 and a beta of 1.07.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, November 1st. The software maker reported $1.05 earnings per share 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 in the previous year, the firm earned $0.95 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year. equities analysts anticipate that ANSYS, Inc. will post 3.57 EPS for the current year.
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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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