Thrivent Financial for Lutherans cut its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 375,422 shares of the software maker’s stock after selling 10,542 shares during the quarter. Thrivent Financial for Lutherans owned about 0.44% of ANSYS worth $122,849,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Morgan Stanley grew its stake in shares of ANSYS by 63.6% in the 1st quarter. Morgan Stanley now owns 305,128 shares of the software maker’s stock worth $70,931,000 after buying an additional 118,606 shares during the last quarter. Cerebellum GP LLC acquired a new position in ANSYS during the 2nd quarter valued at approximately $122,000. CWM LLC raised its holdings in shares of ANSYS by 161.0% in the second quarter. CWM LLC now owns 107 shares of the software maker’s stock worth $31,000 after buying an additional 66 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in shares of ANSYS during the second quarter worth $49,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of ANSYS by 6.6% during the second quarter. Janney Montgomery Scott LLC now owns 40,837 shares of the software maker’s stock valued at $11,913,000 after buying an additional 2,519 shares during the last quarter. Institutional investors own 87.70% of the company’s stock.
ANSS has been the subject of a number of research reports. Royal Bank of Canada lifted their price target on ANSYS from $310.00 to $348.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 27th. BidaskClub downgraded ANSYS from a “strong-buy” rating to a “buy” rating in a report on Friday, October 23rd. Stifel Nicolaus reiterated a “hold” rating and issued a $305.00 price target on shares of ANSYS in a report on Thursday, August 13th. Cfra raised shares of ANSYS to a “buy” rating and set a $344.00 price target for the company in a research report on Friday, August 14th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ANSYS in a report on Friday, August 28th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $291.20.
NASDAQ ANSS traded down $5.86 during mid-day trading on Friday, reaching $318.26. 296,977 shares of the stock were exchanged, compared to its average volume of 537,011. The company has a market capitalization of $27.33 billion, a P/E ratio of 72.00 and a beta of 1.26. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.60 and a current ratio of 2.60. The business’s 50 day moving average is $328.38 and its 200-day moving average is $305.36. ANSYS, Inc. has a 1 year low of $200.07 and a 1 year high of $357.92.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Monday, November 9th. The software maker reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.10. ANSYS had a net margin of 24.88% and a return on equity of 12.09%. The business had revenue of $367.00 million during the quarter, compared to the consensus estimate of $365.67 million. During the same quarter in the prior year, the firm posted $1.42 earnings per share. The company’s revenue was up 6.7% compared to the same quarter last year. Equities analysts predict that ANSYS, Inc. will post 4.95 earnings per share for the current fiscal year.
In related news, CEO Ajei Gopal sold 22,058 shares of ANSYS stock in a transaction on Monday, November 9th. The shares were sold at an average price of $337.87, for a total value of $7,452,736.46. Following the sale, the chief executive officer now owns 190,145 shares of the company’s stock, valued at approximately $64,244,291.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Matthew C. Zack sold 2,477 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $313.45, for a total transaction of $776,415.65. Following the completion of the sale, the vice president now directly owns 27,399 shares of the company’s stock, valued at approximately $8,588,216.55. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.
ANSYS Company Profile
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which its engineering simulation technologies are built; multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; high-performance computing product suite, which delivers cross-physics parallel processing capabilities for simulation software; and structural analysis product suite that provides simulation tools for product design and optimization.
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