Meeder Asset Management Inc. cut its stake in ANSYS, Inc. (NASDAQ:ANSS) by 38.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,396 shares of the software maker’s stock after selling 3,351 shares during the quarter. Meeder Asset Management Inc.’s holdings in ANSYS were worth $662,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Creative Planning lifted its position in ANSYS by 68.6% in the second quarter. Creative Planning now owns 875 shares of the software maker’s stock worth $106,000 after buying an additional 356 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in ANSYS by 7.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock worth $121,000 after buying an additional 69 shares during the last quarter. Parallax Volatility Advisers L.P. bought a new stake in ANSYS in the second quarter worth $138,000. Dupont Capital Management Corp bought a new stake in ANSYS in the second quarter worth $149,000. Finally, Global X Management Co. LLC lifted its position in ANSYS by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,263 shares of the software maker’s stock worth $135,000 after buying an additional 296 shares during the last quarter. Institutional investors own 97.18% of the company’s stock.
ANSYS, Inc. (NASDAQ ANSS) traded down $0.19 during mid-day trading on Friday, hitting $150.28. The company had a trading volume of 315,700 shares, compared to its average volume of 553,250. The company has a market capitalization 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 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.10. The firm had revenue of $276.77 million during the quarter, compared to the consensus estimate of $263.77 million. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. sell-side analysts forecast that ANSYS, Inc. will post 3.57 EPS for the current fiscal year.
A number of analysts recently issued reports on ANSS shares. Wedbush restated a “neutral” rating and issued a $129.19 price target (up from $114.00) on shares of ANSYS in a research report on Friday, September 15th. Barclays PLC decreased their target price on ANSYS from $115.00 to $113.00 and set an “underweight” rating for the company in a research report on Friday, September 15th. Royal Bank of Canada reiterated a “hold” rating and set a $118.00 target price on shares of ANSYS in a research report on Monday, September 11th. BidaskClub upgraded ANSYS from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Robert W. Baird set a $130.00 target price on ANSYS and gave the stock a “buy” rating in a research report on Monday, August 28th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $128.91.
In related news, VP Shane Emswiler sold 12,504 shares of ANSYS stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $151.96, for a total value of $1,900,107.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.
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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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