Ansys (ANSS) Holder Friedberg Investment Management Has Lowered Its Holding by $6.40 Million as Stock Rose; Davidson Investment Advisors Has Lowered Microchip Technology (MCHP) Stake by $3.71 Million as Share Value Rose

February 20, 2018 - By Kurt Siggers

Friedberg Investment Management decreased its stake in Ansys Inc (ANSS) by 81.39% based on its latest 2017Q3 regulatory filing with the SEC. Friedberg Investment Management sold 52,440 shares as the company’s stock rose 21.87% with the market. The institutional investor held 11,990 shares of the technology company at the end of 2017Q3, valued at $1.47M, down from 64,430 at the end of the previous reported quarter. Friedberg Investment Management who had been investing in Ansys Inc for a number of months, seems to be less bullish one the $14.31 billion market cap company. The stock increased 2.72% or $4.46 during the last trading session, reaching $168.6. About 484,046 shares traded. Ansys, Inc. (NASDAQ:ANSS) has risen 43.75% since February 20, 2017 and is uptrending. It has outperformed by 27.05% the S&P500.

Davidson Investment Advisors decreased its stake in Microchip Technology Inc (MCHP) by 27.68% based on its latest 2017Q3 regulatory filing with the SEC. Davidson Investment Advisors sold 41,644 shares as the company’s stock rose 11.86% with the market. The institutional investor held 108,819 shares of the semiconductors company at the end of 2017Q3, valued at $9.77M, down from 150,463 at the end of the previous reported quarter. Davidson Investment Advisors who had been investing in Microchip Technology Inc for a number of months, seems to be less bullish one the $19.97B market cap company. The stock increased 2.60% or $2.16 during the last trading session, reaching $85.21. About 1.96 million shares traded. Microchip Technology Incorporated (NASDAQ:MCHP) has risen 68.30% since February 20, 2017 and is uptrending. It has outperformed by 51.60% the S&P500.

Among 23 analysts covering Microchip Technology (NASDAQ:MCHP), 18 have Buy rating, 0 Sell and 5 Hold. Therefore 78% are positive. Microchip Technology had 63 analyst reports since August 5, 2015 according to SRatingsIntel. Summit Redstone Partners upgraded it to “Buy” rating and $82 target in Tuesday, April 4 report. As per Tuesday, June 6, the company rating was maintained by Needham. On Friday, January 15 the stock rating was upgraded by Needham to “Buy”. The firm earned “Buy” rating on Tuesday, August 9 by Jefferies. Needham maintained the shares of MCHP in report on Thursday, September 7 with “Buy” rating. Bank of America maintained Microchip Technology Incorporated (NASDAQ:MCHP) on Wednesday, February 7 with “Buy” rating. As per Monday, September 11, the company rating was maintained by Jefferies. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, December 13 report. The firm earned “Buy” rating on Tuesday, November 8 by Bank of America. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, September 26.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.15, from 1 in 2017Q2. It is positive, as 25 investors sold MCHP shares while 231 reduced holdings. 72 funds opened positions while 223 raised stakes. 239.62 million shares or 1.85% more from 235.26 million shares in 2017Q2 were reported. Bankshares Of The West has invested 0.53% in Microchip Technology Incorporated (NASDAQ:MCHP). Pacad Inv reported 9,989 shares. Miller Howard Invests New York accumulated 381,692 shares or 0.71% of the stock. Glaxis Capital Ltd Liability has 16.09% invested in Microchip Technology Incorporated (NASDAQ:MCHP). New York-based Cap Assocs New York has invested 0.89% in Microchip Technology Incorporated (NASDAQ:MCHP). Leavell Inv Mngmt reported 6,000 shares. Robecosam Ag reported 110,000 shares. 12,591 were accumulated by Marshall Wace Llp. Suntrust Banks Inc reported 0.01% of its portfolio in Microchip Technology Incorporated (NASDAQ:MCHP). American Gru accumulated 97,812 shares. Fukoku Mutual Life Insurance reported 7,000 shares or 0.09% of all its holdings. Bnp Paribas Arbitrage owns 134,210 shares. Texas Capital Bank Tx owns 3,695 shares for 0.74% of their portfolio. Villere St Denis J & Limited Liability Com owns 0.73% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 138,615 shares. Fdx Advsrs has 0.07% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 28,510 shares.

Davidson Investment Advisors, which manages about $1.17B and $925.69 million US Long portfolio, upped its stake in Wal (NYSE:WMT) by 54,625 shares to 251,901 shares, valued at $19.68 million in 2017Q3, according to the filing. It also increased its holding in Amgen Inc (NASDAQ:AMGN) by 17,988 shares in the quarter, for a total of 57,573 shares, and has risen its stake in Mosaic Co New (NYSE:MOS).

Among 15 analysts covering Ansys Inc. (NASDAQ:ANSS), 3 have Buy rating, 2 Sell and 10 Hold. Therefore 20% are positive. Ansys Inc. had 35 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Evercore on Friday, June 9 with “Hold”. The company was maintained on Friday, September 15 by Barclays Capital. The company was initiated on Friday, September 22 by Citigroup. The firm earned “Equal Weight” rating on Thursday, October 8 by Pacific Crest. The company was initiated on Wednesday, August 23 by Berenberg. The firm earned “Hold” rating on Friday, November 4 by Benchmark. Robert W. Baird maintained it with “Buy” rating and $155.0 target in Friday, November 3 report. The firm has “Hold” rating given on Thursday, August 3 by RBC Capital Markets. The firm earned “Hold” rating on Friday, September 15 by Needham. The company was initiated on Tuesday, November 22 by Needham.

Investors sentiment decreased to 0.97 in 2017 Q3. Its down 0.21, from 1.18 in 2017Q2. It turned negative, as 32 investors sold ANSS shares while 151 reduced holdings. 42 funds opened positions while 136 raised stakes. 79.23 million shares or 1.85% less from 80.72 million shares in 2017Q2 were reported. Evercore Wealth Mgmt Limited Liability Com invested in 0.86% or 179,132 shares. Sei Company holds 132,941 shares or 0.06% of its portfolio. Brinker Capital Inc holds 0.05% or 9,527 shares. Asset Mngmt One Ltd reported 151,046 shares stake. Quantres Asset Management Limited stated it has 2,700 shares or 0.21% of all its holdings. Kentucky Retirement Insurance Tru Fund has 2,261 shares. Greenleaf Trust owns 6,539 shares. Farmers Merchants Invs, a Nebraska-based fund reported 29 shares. Parkside Bank holds 0.04% of its portfolio in Ansys, Inc. (NASDAQ:ANSS) for 879 shares. D E Shaw And has 33,402 shares for 0.01% of their portfolio. Janney Montgomery Scott Ltd Liability Corporation holds 0.02% of its portfolio in Ansys, Inc. (NASDAQ:ANSS) for 13,884 shares. Exxonmobil Inv Mgmt Inc Tx has invested 0.05% in Ansys, Inc. (NASDAQ:ANSS). Bnp Paribas Arbitrage accumulated 0.02% or 52,775 shares. Cornerstone accumulated 14,688 shares. Envestnet Asset Management accumulated 73,021 shares.

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