Gotham Asset Management LLC Has $10.72 Million Position in ANSYS, Inc. (ANSS)

Gotham Asset Management LLC lowered its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 34.9% in the 4th quarter, HoldingsChannel reports. The fund owned 72,649 shares of the software maker’s stock after selling 38,926 shares during the quarter. Gotham Asset Management LLC’s holdings in ANSYS were worth $10,722,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC grew its position in ANSYS by 2.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 13,884 shares of the software maker’s stock worth $1,704,000 after purchasing an additional 356 shares during the period. Cookson Peirce & Co. Inc. grew its position in ANSYS by 14.5% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 3,475 shares of the software maker’s stock worth $513,000 after purchasing an additional 440 shares during the period. First Republic Investment Management Inc. grew its position in ANSYS by 12.6% in the 4th quarter. First Republic Investment Management Inc. now owns 4,025 shares of the software maker’s stock worth $594,000 after purchasing an additional 451 shares during the period. Corient Capital Partners LLC grew its position in ANSYS by 6.6% in the 4th quarter. Corient Capital Partners LLC now owns 7,253 shares of the software maker’s stock worth $1,070,000 after purchasing an additional 452 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in ANSYS by 2.5% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 21,594 shares of the software maker’s stock worth $2,650,000 after purchasing an additional 531 shares during the period. 96.50% of the stock is owned by institutional investors.

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Shares of ANSYS, Inc. (NASDAQ:ANSS) opened at $162.41 on Friday. ANSYS, Inc. has a 1 year low of $104.55 and a 1 year high of $171.92. The stock has a market cap of $13,957.03, a price-to-earnings ratio of 46.88 and a beta of 1.04.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, February 21st. The software maker reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.04. ANSYS had a net margin of 23.67% and a return on equity of 13.77%. The firm had revenue of $302.34 million during the quarter, compared to the consensus estimate of $290.66 million. During the same quarter in the previous year, the firm posted $0.98 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. equities analysts anticipate that ANSYS, Inc. will post 4.41 earnings per share for the current year.

ANSYS declared that its board has authorized a share repurchase plan on Wednesday, February 21st that permits the company to buyback 5,000,000 outstanding shares. This buyback authorization permits the software maker to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

In related news, CFO Maria T. Shields sold 25,000 shares of ANSYS stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $162.52, for a total transaction of $4,063,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Bradford C. Morley sold 24,500 shares of ANSYS stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $165.06, for a total transaction of $4,043,970.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,691 shares of company stock worth $8,852,518. 1.30% of the stock is owned by corporate insiders.

A number of equities research analysts have commented on ANSS shares. BidaskClub downgraded shares of ANSYS from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 24th. Zacks Investment Research raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $181.00 target price for the company in a research report on Wednesday, February 28th. Wedbush reissued a “neutral” rating and set a $136.00 price objective (down previously from $160.00) on shares of ANSYS in a research report on Friday, February 23rd. Berenberg Bank raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research report on Tuesday, January 30th. Finally, ValuEngine raised shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $132.00.

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About ANSYS

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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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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