Paloma Partners Management Co Has $373,000 Position in ANSYS, Inc. (ANSS)

Paloma Partners Management Co decreased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 67.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,143 shares of the software maker’s stock after selling 4,390 shares during the quarter. Paloma Partners Management Co’s holdings in ANSYS were worth $373,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aristotle Capital Management LLC increased its holdings in ANSYS by 3.0% in the 1st quarter. Aristotle Capital Management LLC now owns 2,352,229 shares of the software maker’s stock valued at $368,571,000 after acquiring an additional 67,635 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in ANSYS by 4.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,561,040 shares of the software maker’s stock valued at $271,901,000 after acquiring an additional 60,785 shares during the last quarter. Morgan Stanley increased its holdings in ANSYS by 229.2% in the 2nd quarter. Morgan Stanley now owns 1,432,463 shares of the software maker’s stock valued at $249,507,000 after acquiring an additional 997,328 shares during the last quarter. Bessemer Group Inc. increased its holdings in ANSYS by 0.9% in the 2nd quarter. Bessemer Group Inc. now owns 755,657 shares of the software maker’s stock valued at $131,620,000 after acquiring an additional 6,501 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in ANSYS by 8.3% in the 2nd quarter. Bank of America Corp DE now owns 744,090 shares of the software maker’s stock valued at $129,606,000 after acquiring an additional 56,822 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

A number of analysts have issued reports on ANSS shares. Goldman Sachs Group upgraded shares of ANSYS from a “neutral” rating to a “buy” rating and set a $112.00 price target on the stock in a report on Wednesday, June 20th. Zacks Investment Research downgraded shares of ANSYS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 3rd. BidaskClub downgraded shares of ANSYS from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 22nd. Barclays boosted their target price on shares of ANSYS from $152.00 to $162.00 and gave the stock an “underweight” rating in a report on Wednesday, August 8th. Finally, Evercore ISI restated a “hold” rating and issued a $150.00 target price on shares of ANSYS in a report on Monday, August 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $172.20.

In related news, Director Michael Thurk sold 3,500 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $170.19, for a total transaction of $595,665.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James E. Cashman III sold 30,000 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $171.39, for a total transaction of $5,141,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 49,350 shares of company stock worth $8,694,511 over the last quarter. 1.10% of the stock is currently owned by insiders.

ANSYS stock opened at $184.98 on Thursday. ANSYS, Inc. has a twelve month low of $119.78 and a twelve month high of $190.45. The stock has a market capitalization of $15.59 billion, a PE ratio of 45.12 and a beta of 1.06.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Monday, August 6th. The software maker reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. The firm had revenue of $308.90 million for the quarter, compared to the consensus estimate of $288.26 million. ANSYS had a net margin of 25.98% and a return on equity of 14.95%. The business’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 EPS. research analysts anticipate that ANSYS, Inc. will post 4.54 earnings per share for the current year.

ANSYS Company Profile

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.

See Also: How to Use a Moving Average for Trading 

Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

Receive News & Ratings for ANSYS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply