Waratah Capital Advisors Ltd. acquired a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 55,211 shares of the software maker’s stock, valued at approximately $12,222,000. ANSYS comprises about 1.4% of Waratah Capital Advisors Ltd.’s portfolio, making the stock its 26th biggest position. Waratah Capital Advisors Ltd. owned about 0.07% of ANSYS as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Citizens Financial Group Inc RI increased its position in ANSYS by 64.5% during the third quarter. Citizens Financial Group Inc RI now owns 125 shares of the software maker’s stock worth $28,000 after purchasing an additional 49 shares during the last quarter. Parallel Advisors LLC increased its holdings in ANSYS by 146.8% in the 3rd quarter. Parallel Advisors LLC now owns 153 shares of the software maker’s stock valued at $34,000 after purchasing an additional 91 shares in the last quarter. Motco purchased a new position in ANSYS in the second quarter valued at about $38,000. Ibex Wealth Advisors acquired a new stake in shares of ANSYS in the second quarter valued at about $39,000. Finally, CSat Investment Advisory L.P. lifted its position in ANSYS by 129.7% during the 2nd quarter. CSat Investment Advisory L.P. now owns 255 shares of the software maker’s stock worth $52,000 after acquiring an additional 144 shares in the last quarter. 94.08% of the stock is currently owned by institutional investors.
Shares of ANSS traded down $2.48 during mid-day trading on Tuesday, reaching $248.22. The company’s stock had a trading volume of 194,584 shares, compared to its average volume of 464,713. The company has a market cap of $21.44 billion, a price-to-earnings ratio of 47.64 and a beta of 1.42. The business has a fifty day moving average of $230.82 and a 200 day moving average of $211.81. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.03. ANSYS, Inc. has a 1 year low of $136.80 and a 1 year high of $256.36.
ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, November 6th. The software maker reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.42. ANSYS had a net margin of 30.35% and a return on equity of 16.65%. The company had revenue of $343.90 million during the quarter, compared to the consensus estimate of $334.40 million. During the same quarter in the prior year, the firm earned $1.31 EPS. The company’s revenue was up 18.8% compared to the same quarter last year. On average, analysts predict that ANSYS, Inc. will post 5.26 earnings per share for the current year.
A number of research firms have recently issued reports on ANSS. Evercore ISI reiterated a “hold” rating and set a $200.00 price objective on shares of ANSYS in a research note on Sunday, November 24th. Guggenheim reiterated a “buy” rating on shares of ANSYS in a research report on Wednesday, September 4th. Griffin Securities raised 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. JPMorgan Chase & Co. upgraded ANSYS from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $190.00 to $228.00 in a report on Wednesday, September 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 price objective on shares of ANSYS in a research note on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $228.00.
In other news, VP Janet Lee sold 1,174 shares of ANSYS stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $215.26, for a total transaction of $252,715.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Matthew C. Zack sold 1,427 shares of ANSYS stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $230.40, for a total value of $328,780.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,591 shares of company stock worth $814,423. 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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