BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 19.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 44,391 shares of the software maker’s stock after selling 10,792 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.05% of ANSYS worth $8,287,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bartlett & Co. LLC purchased a new position in ANSYS during the third quarter worth approximately $114,000. Fort L.P. purchased a new position in ANSYS during the second quarter worth approximately $121,000. Piedmont Investment Advisors LLC purchased a new position in ANSYS during the second quarter worth approximately $166,000. Emerald Advisers Inc. PA purchased a new position in ANSYS during the third quarter worth approximately $201,000. Finally, Reliance Trust Co. of Delaware purchased a new position in ANSYS during the third quarter worth approximately $204,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Barbara Vaughn Scherer sold 2,454 shares of the stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $187.99, for a total value of $461,327.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Thurk sold 3,500 shares of the stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $152.26, for a total transaction of $532,910.00. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.
A number of equities analysts have weighed in on ANSS shares. William Blair started coverage on shares of ANSYS in a research note on Tuesday, October 9th. They set a “market perform” rating on the stock. Needham & Company LLC raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $172.00 price target on the stock in a research note on Monday, October 29th. BidaskClub downgraded shares of ANSYS from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Citigroup reaffirmed an “overweight” rating on shares of ANSYS in a research note on Tuesday, August 14th. Finally, Wedbush raised shares of ANSYS from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $180.00 to $184.00 in a research note on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. ANSYS currently has a consensus rating of “Buy” and an average price target of $176.09.
ANSYS stock opened at $152.37 on Friday. ANSYS, Inc. has a 52-week low of $140.78 and a 52-week high of $190.45. The firm has a market capitalization of $13.09 billion, a PE ratio of 42.21 and a beta of 1.33.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, November 7th. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.19. ANSYS had a net margin of 27.00% and a return on equity of 15.33%. The company had revenue of $293.00 million during the quarter, compared to analyst estimates of $286.57 million. During the same quarter in the prior year, the business earned $1.05 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. Research analysts forecast that ANSYS, Inc. will post 4.66 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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