AMP Capital Investors Ltd trimmed its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 40.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,784 shares of the software maker’s stock after selling 19,939 shares during the quarter. AMP Capital Investors Ltd’s holdings in ANSYS were worth $5,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. grew its position in ANSYS by 5.0% during the 1st quarter. BlackRock Inc. now owns 7,083,785 shares of the software maker’s stock worth $1,109,958,000 after acquiring an additional 334,732 shares during the last quarter. Aristotle Capital Management LLC grew its position in shares of ANSYS by 3.0% in the 1st quarter. Aristotle Capital Management LLC now owns 2,352,229 shares of the software maker’s stock worth $368,571,000 after buying an additional 67,635 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of ANSYS by 4.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,561,040 shares of the software maker’s stock worth $271,901,000 after buying an additional 60,785 shares during the last quarter. Northern Trust Corp grew its position in shares of ANSYS by 1.3% in the 1st quarter. Northern Trust Corp now owns 1,331,878 shares of the software maker’s stock worth $208,692,000 after buying an additional 17,632 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in shares of ANSYS by 0.9% in the 2nd quarter. Bessemer Group Inc. now owns 755,657 shares of the software maker’s stock worth $131,620,000 after buying an additional 6,501 shares during the last quarter. Institutional investors and hedge funds own 95.31% of the company’s stock.
ANSS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $183.00 price objective on the stock in a research report on Monday, May 28th. Royal Bank of Canada lifted their price objective on ANSYS to $180.00 and gave the stock a “market perform” rating in a research report on Monday, August 6th. BidaskClub lowered ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Guggenheim initiated coverage on ANSYS in a research report on Tuesday, August 7th. They issued a “buy” rating and a $210.00 price objective on the stock. Finally, Citigroup reiterated an “overweight” rating on shares of ANSYS in a research report on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $165.45.
In other ANSYS news, Director Alec D. Gallimore sold 276 shares of ANSYS 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shane Emswiler sold 3,511 shares of ANSYS stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $187.19, for a total value of $657,224.09. The disclosure for this sale can be found here. Insiders have sold 46,896 shares of company stock worth $8,233,184 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.
NASDAQ ANSS opened at $189.51 on Friday. ANSYS, Inc. has a twelve month low of $119.20 and a twelve month high of $190.45. The company has a market cap of $15.81 billion, a P/E ratio of 52.50 and a beta of 1.06.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Monday, August 6th. The software maker reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $308.90 million for the quarter, compared to analyst estimates of $288.26 million. During the same period in the previous year, the company posted $0.99 earnings per share. The firm’s revenue was up 16.9% on a year-over-year basis. research analysts predict that ANSYS, Inc. will post 4.54 EPS for the current fiscal year.
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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