Intermede Investment Partners Ltd grew its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 353,612 shares of the software maker’s stock after acquiring an additional 4,893 shares during the period. ANSYS comprises approximately 4.0% of Intermede Investment Partners Ltd’s investment portfolio, making the stock its 14th biggest holding. Intermede Investment Partners Ltd owned approximately 0.42% of ANSYS worth $43,399,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Creative Planning increased its position in shares of ANSYS by 68.6% during the second quarter. Creative Planning now owns 875 shares of the software maker’s stock worth $106,000 after purchasing an additional 356 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of ANSYS by 7.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock valued at $121,000 after buying an additional 69 shares during the last quarter. Parallax Volatility Advisers L.P. purchased a new stake in shares of ANSYS during the second quarter valued at $138,000. Dupont Capital Management Corp purchased a new stake in shares of ANSYS during the second quarter valued at $149,000. Finally, Global X Management Co. LLC grew its holdings in shares of ANSYS by 30.6% during the first quarter. Global X Management Co. LLC now owns 1,263 shares of the software maker’s stock valued at $135,000 after buying an additional 296 shares during the last quarter. 97.18% of the stock is owned by institutional investors.
In other news, VP Shane Emswiler sold 12,504 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $151.96, for a total value of $1,900,107.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.
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ANSYS, Inc. (NASDAQ ANSS) traded down $0.19 during mid-day trading on Friday, reaching $150.28. 315,700 shares of the company’s stock were exchanged, compared to its average volume of 553,250. The firm has a market cap of $12,768.96, a P/E ratio of 42.99 and a beta of 1.05. ANSYS, Inc. has a 12 month low of $86.09 and a 12 month high of $155.14.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.10. The company had revenue of $276.77 million during the quarter, compared to the consensus estimate of $263.77 million. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. ANSYS’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 EPS. analysts predict that ANSYS, Inc. will post 3.57 EPS for the current year.
ANSS has been the topic of a number of research analyst reports. BidaskClub raised shares of ANSYS from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Robert W. Baird set a $130.00 price target on shares of ANSYS and gave the company a “buy” rating in a report on Monday, August 28th. Zacks Investment Research raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a report on Tuesday, October 3rd. KeyCorp reaffirmed a “hold” rating on shares of ANSYS in a report on Friday, September 29th. Finally, Berenberg Bank started coverage on shares of ANSYS in a report on Wednesday, August 23rd. They issued a “hold” rating and a $123.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $128.91.
ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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