Ansys (ANSS) Holdings Cut by Jane Street Group LLC

Jane Street Group LLC lessened its holdings in Ansys (NASDAQ:ANSS) by 49.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,032 shares of the software maker’s stock after selling 1,978 shares during the period. Jane Street Group LLC’s holdings in Ansys were worth $300,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Atlanta Capital Management Co. L L C grew its position in Ansys by 1.2% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 4,275,602 shares of the software maker’s stock valued at $631,036,000 after acquiring an additional 51,981 shares during the last quarter. Aristotle Capital Management LLC grew its holdings in shares of Ansys by 1.1% during the fourth quarter. Aristotle Capital Management LLC now owns 2,284,594 shares of the software maker’s stock worth $337,183,000 after purchasing an additional 24,059 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Ansys by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 1,039,478 shares of the software maker’s stock worth $153,136,000 after purchasing an additional 47,476 shares during the last quarter. Ownership Capital B.V. grew its holdings in shares of Ansys by 1.0% during the fourth quarter. Ownership Capital B.V. now owns 704,515 shares of the software maker’s stock worth $103,979,000 after purchasing an additional 7,154 shares during the last quarter. Finally, Champlain Investment Partners LLC grew its holdings in shares of Ansys by 1.1% during the fourth quarter. Champlain Investment Partners LLC now owns 561,440 shares of the software maker’s stock worth $82,863,000 after purchasing an additional 5,970 shares during the last quarter. Hedge funds and other institutional investors own 96.50% of the company’s stock.

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In other Ansys news, Director James E. Cashman III sold 862 shares of the business’s stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $158.00, for a total value of $136,196.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Maria T. Shields sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $162.52, for a total value of $4,063,000.00. The disclosure for this sale can be found here. Insiders sold 54,026 shares of company stock worth $8,836,592 over the last quarter. 1.30% of the stock is currently owned by company insiders.

Shares of ANSS stock opened at $156.98 on Monday. Ansys has a one year low of $104.66 and a one year high of $171.92. The company has a market capitalization of $13,207.69, a P/E ratio of 43.48 and a beta of 1.02.

Ansys (NASDAQ:ANSS) last announced its earnings results on Wednesday, February 21st. The software maker reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.04. Ansys had a return on equity of 13.77% and a net margin of 23.67%. The business had revenue of $302.34 million for the quarter, compared to analysts’ expectations of $290.66 million. During the same period in the prior year, the business posted $0.98 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. equities analysts predict that Ansys will post 4.41 EPS for the current fiscal year.

Ansys declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 21st that allows the company to repurchase 5,000,000 outstanding shares. This repurchase authorization allows the software maker to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Several analysts have recently weighed in on the company. ValuEngine upgraded Ansys from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. BidaskClub upgraded Ansys from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 10th. Berenberg Bank upgraded Ansys from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a report on Tuesday, January 30th. Zacks Investment Research cut Ansys from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, Wedbush restated a “neutral” rating and set a $136.00 price target (down from $160.00) on shares of Ansys in a report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $132.00.

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About Ansys

ANSYS, Inc develops and markets engineering simulation software and services used by engineers, designers, researchers, and students in the aerospace and defense, automotive, electronics, semiconductors, energy, materials and chemical processing, turbomachinery, consumer products, healthcare, and sports industries and academia worldwide.

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Institutional Ownership by Quarter for Ansys (NASDAQ:ANSS)

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