TD Asset Management Inc. Has $2.72 Million Position in ANSYS, Inc. (ANSS)

TD Asset Management Inc. Has $2.72 Million Position in ANSYS, Inc. (ANSS)

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC purchased a new position in ANSYS during the first quarter worth approximately $128,000. Massmutual Trust Co. FSB ADV purchased a new position in ANSYS during the fourth quarter worth approximately $125,000. Huntington National Bank boosted its position in ANSYS by 0.6% in the first quarter. Huntington National Bank now owns 1,549 shares of the software maker’s stock worth $166,000 after buying an additional 9 shares during the last quarter. Advisory Services Network LLC purchased a new position in ANSYS during the first quarter worth approximately $179,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in ANSYS by 8.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,719 shares of the software maker’s stock worth $184,000 after buying an additional 133 shares during the last quarter. Institutional investors own 94.87% of the company’s stock.

TD Asset Management Inc. boosted its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 8.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,425 shares of the software maker’s stock after buying an additional 1,988 shares during the period. TD Asset Management Inc.’s holdings in ANSYS were worth $2,717,000 at the end of the most recent quarter.

ANSYS, Inc. (NASDAQ:ANSS) opened at 125.98 on Tuesday. The firm’s 50-day moving average price is $114.87 and its 200-day moving average price is $102.20. ANSYS, Inc. has a 52 week low of $82.28 and a 52 week high of $126.40. The stock has a market cap of $10.77 billion, a PE ratio of 40.73 and a beta of 1.01.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, May 3rd. The software maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.04. The business had revenue of $253.41 million for the quarter, compared to analysts’ expectations of $241.52 million. ANSYS had a return on equity of 13.39% and a net margin of 27.20%. Equities analysts predict that ANSYS, Inc. will post $3.78 earnings per share for the current fiscal year.

A number of research analysts have recently commented on the company. Wedbush lowered their target price on ANSYS from $114.00 to $101.00 and set a “neutral” rating for the company in a research note on Monday, May 15th. Barclays PLC lowered their target price on ANSYS from $115.00 to $96.00 and set an “underweight” rating for the company in a research note on Monday, May 15th. Robert W. Baird restated an “outperform” rating and issued a $110.00 target price on shares of ANSYS in a research note on Tuesday, February 28th. Mitsubishi UFJ Financial Group cut ANSYS from an “overweight” rating to a “neutral” rating and raised their target price for the company from $112.00 to $114.00 in a research note on Thursday, May 4th. Finally, Zacks Investment Research cut ANSYS from a “hold” rating to a “sell” rating in a research note on Monday, February 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. ANSYS currently has an average rating of “Hold” and a consensus target price of $101.57.

In other ANSYS news, insider Walid Abu-Hadba sold 6,048 shares of the stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $105.84, for a total transaction of $640,120.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Robert Andrew Kocis sold 1,237 shares of the stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $105.99, for a total value of $131,109.63. Following the sale, the vice president now directly owns 1,238 shares in the company, valued at approximately $131,215.62. The disclosure for this sale can be found here. Insiders have sold a total of 28,417 shares of company stock worth $1,882,054 in the last ninety days. Insiders own 1.72% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ANSS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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