Bainco International Investors raised its stake in ANSYS, Inc. (NASDAQ:ANSS) by 4.3% in the 4th quarter, HoldingsChannel reports. The firm owned 40,092 shares of the software maker’s stock after acquiring an additional 1,640 shares during the quarter. Bainco International Investors’ holdings in ANSYS were worth $6,182,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Toronto Dominion Bank grew its holdings in shares of ANSYS by 9.2% during the third quarter. Toronto Dominion Bank now owns 39,373 shares of the software maker’s stock valued at $4,834,000 after buying an additional 3,321 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of ANSYS by 12.1% during the third quarter. Russell Investments Group Ltd. now owns 21,172 shares of the software maker’s stock valued at $2,598,000 after buying an additional 2,290 shares during the last quarter. Tredje AP fonden grew its holdings in shares of ANSYS by 49.3% during the third quarter. Tredje AP fonden now owns 32,900 shares of the software maker’s stock valued at $4,038,000 after buying an additional 10,860 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of ANSYS by 13.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 23,011 shares of the software maker’s stock valued at $3,014,000 after buying an additional 2,760 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of ANSYS by 27.2% during the third quarter. Bank of New York Mellon Corp now owns 1,050,124 shares of the software maker’s stock valued at $128,883,000 after buying an additional 224,640 shares during the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.
ANSYS, Inc. (ANSS) opened at $171.18 on Monday. ANSYS, Inc. has a twelve month low of $104.55 and a twelve month high of $171.21. The firm has a market cap of $14,357.04, a PE ratio of 57.25 and a beta of 1.04.
ANSYS declared that its board has authorized a share buyback plan on Wednesday, February 21st that authorizes the company to repurchase 5,000,000 outstanding shares. This repurchase authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
A number of brokerages have recently issued reports on ANSS. BidaskClub upgraded shares of ANSYS from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Investment Research upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $181.00 price objective for the company in a report on Wednesday, February 28th. ValuEngine upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Wedbush reiterated a “neutral” rating and set a $136.00 price objective (down from $160.00) on shares of ANSYS in a report on Friday, February 23rd. Finally, Berenberg Bank upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $132.00.
In other ANSYS news, VP Richard S. Mahoney sold 1,625 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $161.90, for a total value of $263,087.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Maria T. Shields sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $162.52, for a total transaction of $4,063,000.00. The disclosure for this sale can be found here. Over 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.
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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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