Chevy Chase Trust Holdings Inc. Sells 1,466 Shares of ANSYS, Inc. (ANSS)

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Chevy Chase Trust Holdings Inc. lessened its stake in ANSYS, Inc. (NASDAQ:ANSS) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,200 shares of the software maker’s stock after selling 1,466 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.08% of ANSYS worth $12,918,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ANSS. BTIM Corp. grew its stake in shares of ANSYS by 2.6% in the 3rd quarter. BTIM Corp. now owns 77,072 shares of the software maker’s stock worth $14,387,000 after buying an additional 1,940 shares during the last quarter. Leavell Investment Management Inc. grew its stake in shares of ANSYS by 34.0% in the 3rd quarter. Leavell Investment Management Inc. now owns 4,727 shares of the software maker’s stock worth $882,000 after buying an additional 1,200 shares during the last quarter. IFM Investors Pty Ltd grew its stake in shares of ANSYS by 14.5% in the 3rd quarter. IFM Investors Pty Ltd now owns 4,213 shares of the software maker’s stock worth $786,000 after buying an additional 534 shares during the last quarter. Oakbrook Investments LLC grew its stake in shares of ANSYS by 24.9% in the 3rd quarter. Oakbrook Investments LLC now owns 8,917 shares of the software maker’s stock worth $1,665,000 after buying an additional 1,775 shares during the last quarter. Finally, BB&T Corp grew its stake in shares of ANSYS by 16.6% in the 3rd quarter. BB&T Corp now owns 22,036 shares of the software maker’s stock worth $4,114,000 after buying an additional 3,132 shares during the last quarter. 94.41% of the stock is owned by institutional investors.

Several research firms recently weighed in on ANSS. BidaskClub upgraded ANSYS from a “hold” rating to a “buy” rating in a research note on Tuesday, August 7th. Berenberg Bank upped their price target on ANSYS from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Citigroup restated an “overweight” rating on shares of ANSYS in a research note on Tuesday, August 14th. Guggenheim began coverage on ANSYS in a research note on Tuesday, August 7th. They issued a “buy” rating and a $210.00 price target on the stock. Finally, Wedbush upped their price target on ANSYS from $163.00 to $168.00 and gave the stock a “neutral” rating in a research note on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $172.18.

Shares of ANSS opened at $146.20 on Wednesday. ANSYS, Inc. has a 12 month low of $134.45 and a 12 month high of $190.45. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 35.08 and a beta of 1.06.

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

In other news, Director Alec D. Gallimore sold 276 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $173.76, for a total transaction of $47,957.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James E. Cashman III sold 30,000 shares of the stock in a transaction on Monday, August 13th. The shares were sold at an average price of $171.39, for a total value of $5,141,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,850 shares of company stock worth $8,098,846. Company insiders own 1.10% of the company’s stock.

ANSYS 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.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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