As Ansys (ANSS) Stock Rose, Bares Capital Management Increased Stake by $2.61 Million; Choate Investment Advisors Continues to Hold Holding in Illinois Tool Wks (ITW)

May 20, 2018 - By Dolores Ford

ANSYS, Inc. (NASDAQ:ANSS) Logo

Brian Bares increased its stake in Ansys Inc. (ANSS) by 1.69% based on its latest 2017Q4 regulatory filing with the SEC. Bares Capital Management Inc bought 17,775 shares as the company’s stock rose 7.08% while stock markets declined. The hedge fund run by Brian Bares held 1.07M shares of the technology company at the end of 2017Q4, valued at $157.70M, up from 1.05 million at the end of the previous reported quarter. Bares Capital Management Inc who had been investing in Ansys Inc. for a number of months, seems to be bullish on the $13.86 billion market cap company. The stock increased 0.21% or $0.35 during the last trading session, reaching $164.93. About 280,474 shares traded. ANSYS, Inc. (NASDAQ:ANSS) has risen 48.65% since May 20, 2017 and is uptrending. It has outperformed by 37.10% the S&P500.

Choate Investment Advisors increased its stake in Illinois Tool Wks Inc (ITW) by 5.53% based on its latest 2017Q4 regulatory filing with the SEC. Choate Investment Advisors bought 456 shares as the company’s stock declined 6.87% with the market. The institutional investor held 8,696 shares of the industrial machinery and components company at the end of 2017Q4, valued at $1.45 billion, up from 8,240 at the end of the previous reported quarter. Choate Investment Advisors who had been investing in Illinois Tool Wks Inc for a number of months, seems to be bullish on the $49.73B market cap company. The stock increased 0.71% or $1.03 during the last trading session, reaching $146.8. About 1.86M shares traded or 18.97% up from the average. Illinois Tool Works Inc. (NYSE:ITW) has risen 18.23% since May 20, 2017 and is uptrending. It has outperformed by 6.68% the S&P500.

Bares Capital Management Inc, which manages about $984.50M and $2.39B US Long portfolio, decreased its stake in Comscore Inc. (NASDAQ:SCOR) by 114,700 shares to 2.40M shares, valued at $68.33 million in 2017Q4, according to the filing.

Since February 1, 2018, it had 0 insider buys, and 7 selling transactions for $9.19 million activity. HINDSBO MARK had sold 944 shares worth $156,610. The insider CASHMAN JAMES E III sold $136,196. On Thursday, February 15 MAHONEY RICHARD S. sold $330,338 worth of ANSYS, Inc. (NASDAQ:ANSS) or 2,039 shares. Another trade for 1,222 shares valued at $199,149 was made by ZACK MATTHEW C. on Saturday, April 28. On Wednesday, March 7 the insider MORLEY BRADFORD C sold $4.04 million.

More recent ANSYS, Inc. (NASDAQ:ANSS) news were published by: Seekingalpha.com which released: “Ansys Completes Acquisition Of OPTIS For Autonomous Vehicle Tech” on May 08, 2018. Also Seekingalpha.com published the news titled: “ANSYS, Inc. 2018 Q1 – Results – Earnings Call Slides” on May 03, 2018. Streetinsider.com‘s news article titled: “ANSYS (ANSS) Acquires OPTIS” with publication date: May 02, 2018 was also an interesting one.

Among 16 analysts covering Ansys Inc. (NASDAQ:ANSS), 4 have Buy rating, 2 Sell and 10 Hold. Therefore 25% are positive. Ansys Inc. had 38 analyst reports since August 6, 2015 according to SRatingsIntel. Benchmark maintained ANSYS, Inc. (NASDAQ:ANSS) rating on Friday, November 4. Benchmark has “Hold” rating and $86 target. The firm earned “Hold” rating on Wednesday, August 2 by Evercore. The stock of ANSYS, Inc. (NASDAQ:ANSS) has “Equal Weight” rating given on Thursday, October 8 by Pacific Crest. As per Friday, November 3, the company rating was maintained by RBC Capital Markets. Wedbush maintained ANSYS, Inc. (NASDAQ:ANSS) on Tuesday, February 16 with “Outperform” rating. The stock has “Buy” rating by Robert W. Baird on Thursday, February 22. The firm has “Underweight” rating by Barclays Capital given on Friday, January 6. Citigroup maintained ANSYS, Inc. (NASDAQ:ANSS) on Friday, November 3 with “Neutral” rating. The firm earned “Buy” rating on Tuesday, January 30 by Berenberg. The rating was maintained by Wedbush with “Neutral” on Friday, February 24.

Investors sentiment decreased to 0.89 in Q4 2017. Its down 0.08, from 0.97 in 2017Q3. It turned negative, as 26 investors sold ANSS shares while 182 reduced holdings. 73 funds opened positions while 113 raised stakes. 77.82 million shares or 1.78% less from 79.23 million shares in 2017Q3 were reported. Advisors Asset Mngmt has invested 0.02% in ANSYS, Inc. (NASDAQ:ANSS). Panagora Asset Management reported 0% in ANSYS, Inc. (NASDAQ:ANSS). Mendel Money stated it has 4.63% of its portfolio in ANSYS, Inc. (NASDAQ:ANSS). Harvey Invest Ltd Llc stated it has 126,424 shares or 3.39% of all its holdings. Virtus Advisers reported 468,228 shares or 0.06% of all its holdings. Aperio Group Inc Limited Liability Company, a California-based fund reported 41,299 shares. Livforsakringsbolaget Skandia Omsesidigt invested in 1,306 shares or 0.02% of the stock. Arrowstreet Cap L P, Massachusetts-based fund reported 161,068 shares. Mawer Inv Limited holds 1.32% or 1.08M shares. Bares Cap Mgmt holds 6.6% or 1.07M shares. 6,187 are owned by Synovus Finance. World Asset Mgmt Inc accumulated 0.04% or 7,490 shares. Amer Intl Group Inc Inc invested 0.02% in ANSYS, Inc. (NASDAQ:ANSS). California State Teachers Retirement System reported 0.04% of its portfolio in ANSYS, Inc. (NASDAQ:ANSS). Amp Cap Investors Limited accumulated 0.02% or 31,021 shares.

More important recent Illinois Tool Works Inc. (NYSE:ITW) news were published by: Globenewswire.com which released: “ITW Announces Upcoming Investor Conferences” on May 07, 2018, also Globenewswire.com published article titled: “ITW Board of Directors Declares Quarterly Dividend”, Globenewswire.com published: “ITW Delivers $1.90 Earnings per Share, up 23%” on April 26, 2018. More interesting news about Illinois Tool Works Inc. (NYSE:ITW) was released by: Seekingalpha.com and their article: “Illinois Tool Works (ITW) Q1 2018 Results – Earnings Call Transcript” with publication date: April 26, 2018.

Since December 8, 2017, it had 0 insider purchases, and 2 insider sales for $8.31 million activity. On Friday, December 8 SMITH HAROLD B sold $4.99 million worth of Illinois Tool Works Inc. (NYSE:ITW) or 30,000 shares.

Choate Investment Advisors, which manages about $3.44 billion and $1954.06 billion US Long portfolio, decreased its stake in Time Warner Inc (NYSE:TWX) by 160 shares to 6,135 shares, valued at $561.17M in 2017Q4, according to the filing. It also reduced its holding in Guggenheim S&P Global Water Indx Etf (CGW) by 480,912 shares in the quarter, leaving it with 1.20M shares, and cut its stake in Deere & Co (NYSE:DE).

Illinois Tool Works Inc. (NYSE:ITW) Institutional Positions Chart

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