As Snap On (SNA) Share Price Declined, Gates Capital Management Has Lifted by $24.92 Million Its Position; Friedberg Investment Management Has Lowered Its Position in Ansys (ANSS) by $6.40 Million as Shares Rose

February 18, 2018 - By Darrin Black

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 $13.93B market cap company. The stock increased 1.07% or $1.73 during the last trading session, reaching $164.14. About 672,874 shares traded or 38.10% up from the average. Ansys, Inc. (NASDAQ:ANSS) has risen 43.75% since February 18, 2017 and is uptrending. It has outperformed by 27.05% the S&P500.

Jeffrey Gates increased its stake in Snap On Inc (SNA) by 19.45% based on its latest 2017Q3 regulatory filing with the SEC. Gates Capital Management Inc bought 167,264 shares as the company’s stock declined 3.98% while stock markets rallied. The hedge fund run by Jeffrey Gates held 1.03 million shares of the industrial machinery and components company at the end of 2017Q3, valued at $153.07 million, up from 860,000 at the end of the previous reported quarter. Gates Capital Management Inc who had been investing in Snap On Inc for a number of months, seems to be bullish on the $9.17B market cap company. The stock decreased 0.19% or $0.3 during the last trading session, reaching $160.88. About 721,424 shares traded or 16.39% up from the average. Snap-on Incorporated (NYSE:SNA) has risen 2.47% since February 18, 2017 and is uptrending. It has underperformed by 14.23% the S&P500.

Among 10 analysts covering Snap-on (NYSE:SNA), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Snap-on had 29 analyst reports since August 20, 2015 according to SRatingsIntel. Jefferies maintained the shares of SNA in report on Thursday, July 6 with “Hold” rating. The firm has “Hold” rating given on Tuesday, August 15 by Jefferies. As per Friday, February 3, the company rating was maintained by Wunderlich. The stock of Snap-on Incorporated (NYSE:SNA) has “Buy” rating given on Tuesday, May 30 by Oppenheimer. The firm has “Neutral” rating given on Monday, August 21 by Longbow. Robert W. Baird maintained the shares of SNA in report on Thursday, February 8 with “Buy” rating. Robert W. Baird maintained the shares of SNA in report on Monday, January 29 with “Buy” rating. On Thursday, August 20 the stock rating was downgraded by Zacks to “Buy”. The rating was maintained by Oppenheimer on Tuesday, June 27 with “Buy”. As per Wednesday, April 12, the company rating was maintained by Oppenheimer.

Investors sentiment increased to 1.23 in 2017 Q3. Its up 0.07, from 1.16 in 2017Q2. It increased, as 53 investors sold SNA shares while 154 reduced holdings. 58 funds opened positions while 196 raised stakes. 54.39 million shares or 4.11% more from 52.24 million shares in 2017Q2 were reported. Cibc has invested 0.01% in Snap-on Incorporated (NYSE:SNA). Moreover, South Dakota Investment Council has 0.03% invested in Snap-on Incorporated (NYSE:SNA) for 8,700 shares. Barclays Public Ltd Company owns 40,391 shares. Hsbc Public Lc stated it has 124,976 shares or 0.03% of all its holdings. Tributary Cap Limited Liability Com has invested 0% in Snap-on Incorporated (NYSE:SNA). Hutchin Hill Ltd Partnership invested in 12,300 shares. Ny State Teachers Retirement Sys holds 0.04% or 99,988 shares in its portfolio. Ngam Advisors Ltd Partnership accumulated 134,765 shares. Bokf Na owns 9,250 shares. Howland Capital Lc holds 9,937 shares. Pennsylvania-based Twin Mngmt has invested 0.53% in Snap-on Incorporated (NYSE:SNA). Canada Pension Plan Investment Board accumulated 5,914 shares. Zebra Cap Mgmt Limited Liability Company holds 9,479 shares or 0.46% of its portfolio. Elk Creek Prtn Limited stated it has 0.02% in Snap-on Incorporated (NYSE:SNA). C Worldwide Group Holdg A S invested 0.03% in Snap-on Incorporated (NYSE:SNA).

Gates Capital Management Inc, which manages about $3.48B and $3.53B US Long portfolio, decreased its stake in Hilton Worldwide Hldgs Inc by 16,275 shares to 2.02M shares, valued at $140.30M in 2017Q3, according to the filing. It also reduced its holding in Chemours Co by 282,671 shares in the quarter, leaving it with 1.50M shares, and cut its stake in Fortive Corp.

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. Berenberg upgraded the shares of ANSS in report on Tuesday, January 30 to “Buy” rating. The firm has “Hold” rating by Goldman Sachs given on Monday, July 17. Needham maintained the stock with “Hold” rating in Friday, September 15 report. The firm has “Hold” rating given on Wednesday, January 17 by RBC Capital Markets. Robert W. Baird maintained the shares of ANSS in report on Monday, August 28 with “Buy” rating. The rating was maintained by Citigroup with “Neutral” on Friday, November 3. The company was maintained on Friday, September 15 by Barclays Capital. RBC Capital Markets maintained Ansys, Inc. (NASDAQ:ANSS) rating on Friday, November 3. RBC Capital Markets has “Hold” rating and $147.0 target. The stock has “Hold” rating by Needham on Tuesday, November 22. The firm has “Outperform” rating given on Tuesday, February 16 by Wedbush.

Analysts await Ansys, Inc. (NASDAQ:ANSS) to report earnings on February, 28. They expect $0.94 earnings per share, up 2.17% or $0.02 from last year’s $0.92 per share. ANSS’s profit will be $79.77 million for 43.65 P/E if the $0.94 EPS becomes a reality. After $0.88 actual earnings per share reported by Ansys, Inc. for the previous quarter, Wall Street now forecasts 6.82% EPS growth.

Investors sentiment decreased to 0.97 in Q3 2017. 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. Blair William Il owns 3,511 shares. Ngam Advisors Lp holds 12,786 shares. 200 are held by Security Natl Tru. Asset One reported 151,046 shares or 0.04% of all its holdings. Endurance Wealth Mgmt stated it has 405 shares or 0.01% of all its holdings. Mackenzie has invested 0.05% in Ansys, Inc. (NASDAQ:ANSS). Sumitomo Mitsui Trust has invested 0.05% in Ansys, Inc. (NASDAQ:ANSS). First Manhattan accumulated 1,970 shares. Piermont Inc holds 0.19% of its portfolio in Ansys, Inc. (NASDAQ:ANSS) for 4,580 shares. Moreover, Atlanta Management L L C has 2.93% invested in Ansys, Inc. (NASDAQ:ANSS). Advantus Cap reported 8,662 shares stake. Bank Of Montreal Can accumulated 0.01% or 53,862 shares. Legal General Group Incorporated Public Limited Company, a United Kingdom-based fund reported 482,805 shares. Macquarie accumulated 5,060 shares. Mitsubishi Ufj Banking reported 207,492 shares.

Since February 1, 2018, it had 0 insider purchases, and 1 sale for $4.06 million activity.

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