Dupont Capital Management Corp acquired a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, HoldingsChannel reports. The fund acquired 1,732 shares of the software maker’s stock, valued at approximately $248,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. IFM Investors Pty Ltd increased its holdings in shares of ANSYS by 14.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 4,213 shares of the software maker’s stock valued at $786,000 after acquiring an additional 534 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of ANSYS by 52.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 14,182 shares of the software maker’s stock valued at $2,470,000 after acquiring an additional 4,884 shares during the last quarter. Pennsylvania Trust Co acquired a new position in shares of ANSYS during the 4th quarter valued at about $2,844,000. Eaton Vance Management increased its holdings in shares of ANSYS by 229.2% during the 3rd quarter. Eaton Vance Management now owns 14,308 shares of the software maker’s stock valued at $2,671,000 after acquiring an additional 9,962 shares during the last quarter. Finally, Capital Investment Services of America Inc. increased its holdings in shares of ANSYS by 2.3% during the 4th quarter. Capital Investment Services of America Inc. now owns 82,557 shares of the software maker’s stock valued at $11,801,000 after acquiring an additional 1,830 shares during the last quarter. 92.84% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:ANSS opened at $174.46 on Wednesday. ANSYS, Inc. has a twelve month low of $136.80 and a twelve month high of $190.45. The company has a market cap of $14.58 billion, a P/E ratio of 48.33 and a beta of 1.34.
In other ANSYS news, VP Richard S. Mahoney sold 8,347 shares of the firm’s stock in a transaction that occurred on Thursday, January 3rd. The stock was sold at an average price of $140.44, for a total value of $1,172,252.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Thurk sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $171.73, for a total value of $601,055.00. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.
ANSS has been the topic of a number of analyst reports. ValuEngine lowered ANSYS from a “buy” rating to a “hold” rating in a report on Saturday, October 27th. Needham & Company LLC upgraded ANSYS from a “hold” rating to a “buy” rating and set a $172.00 target price for the company in a research note on Monday, October 29th. Wedbush upgraded ANSYS from a “neutral” rating to an “outperform” rating and increased their target price for the company from $180.00 to $184.00 in a research note on Friday, November 2nd. Benchmark upgraded ANSYS from a “hold” rating to a “buy” rating and set a $187.00 target price for the company in a research note on Monday, November 5th. Finally, Stifel Nicolaus started coverage on ANSYS in a research note on Tuesday, December 18th. They set a “hold” rating and a $162.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $175.58.
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ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
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