Brasada Capital Management LP raised its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 6.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,013 shares of the software maker’s stock after purchasing an additional 3,563 shares during the quarter. ANSYS accounts for about 3.4% of Brasada Capital Management LP’s portfolio, making the stock its 3rd largest position. Brasada Capital Management LP owned about 0.07% of ANSYS worth $12,620,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in ANSS. Citizens Financial Group Inc RI lifted its holdings in shares of ANSYS by 64.5% in the 3rd quarter. Citizens Financial Group Inc RI now owns 125 shares of the software maker’s stock worth $28,000 after acquiring an additional 49 shares during the last quarter. Parallel Advisors LLC increased its stake in ANSYS by 146.8% in the 3rd quarter. Parallel Advisors LLC now owns 153 shares of the software maker’s stock worth $34,000 after buying an additional 91 shares during the period. Motco purchased a new position in ANSYS in the 2nd quarter worth about $38,000. Ibex Wealth Advisors purchased a new position in ANSYS in the 2nd quarter worth about $39,000. Finally, CSat Investment Advisory L.P. increased its stake in ANSYS by 129.7% in the 2nd quarter. CSat Investment Advisory L.P. now owns 255 shares of the software maker’s stock worth $52,000 after buying an additional 144 shares during the period. Institutional investors and hedge funds own 94.01% of the company’s stock.
NASDAQ ANSS opened at $224.31 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market capitalization of $18.33 billion, a price-to-earnings ratio of 43.05 and a beta of 1.39. The company’s 50-day simple moving average is $220.17 and its two-hundred day simple moving average is $205.93. ANSYS, Inc. has a one year low of $136.80 and a one year high of $229.20.
ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, November 6th. The software maker reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.42. The business had revenue of $343.90 million for the quarter, compared to the consensus estimate of $334.40 million. ANSYS had a net margin of 31.53% and a return on equity of 17.17%. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 EPS. Equities analysts expect that ANSYS, Inc. will post 5.2 earnings per share for the current fiscal year.
ANSS has been the topic of several recent analyst reports. Guggenheim reaffirmed a “buy” rating on shares of ANSYS in a research note on Wednesday, September 4th. Griffin Securities raised shares of ANSYS from a “neutral” rating to a “buy” rating and set a $240.00 price target on the stock in a research note on Friday, September 13th. BidaskClub downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. ValuEngine downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded shares of ANSYS from a “buy” rating to a “hold” rating and set a $235.00 price target on the stock. in a research note on Monday, October 14th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $223.60.
In other ANSYS news, VP Janet Lee sold 1,174 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $215.26, for a total transaction of $252,715.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.11% of the company’s stock.
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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