Oppenheimer Asset Management Inc. increased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 13.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,638 shares of the software maker’s stock after buying an additional 4,924 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in ANSYS were worth $4,987,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of ANSS. Vanguard Group Inc. grew its stake in ANSYS by 21.8% during the 2nd quarter. Vanguard Group Inc. now owns 8,496,114 shares of the software maker’s stock worth $1,033,807,000 after buying an additional 1,520,201 shares during the last quarter. Koch Industries Inc. bought a new position in ANSYS during the 2nd quarter worth $971,000. State Street Corp grew its stake in ANSYS by 20.9% during the 2nd quarter. State Street Corp now owns 3,512,429 shares of the software maker’s stock worth $427,401,000 after buying an additional 607,765 shares during the last quarter. Bank of New York Mellon Corp grew its stake in ANSYS by 27.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,050,124 shares of the software maker’s stock worth $128,883,000 after buying an additional 224,640 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in ANSYS by 19.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 994,793 shares of the software maker’s stock worth $121,046,000 after acquiring an additional 165,174 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.
In other news, Director Barbara Vaughn Scherer sold 1,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $150.00, for a total value of $150,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mark Hindsbo sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $151.70, for a total value of $758,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,504 shares of company stock valued at $2,808,608. Insiders own 1.30% of the company’s stock.
ANSS has been the subject of a number of analyst reports. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a research report on Tuesday, October 3rd. Evercore ISI reiterated a “hold” rating and set a $113.00 price target on shares of ANSYS in a research report on Wednesday, September 13th. Needham & Company LLC reiterated a “hold” rating on shares of ANSYS in a research report on Friday, November 3rd. Robert W. Baird reiterated an “outperform” rating and set a $155.00 price target (up previously from $130.00) on shares of ANSYS in a research report on Friday, November 3rd. Finally, Wedbush reiterated a “neutral” rating and set a $114.00 price target (down previously from $136.00) on shares of ANSYS in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. ANSYS presently has an average rating of “Hold” and a consensus price target of $128.91.
Shares of ANSYS, Inc. (NASDAQ ANSS) opened at $146.13 on Friday. The firm has a market capitalization of $12,450.00, a price-to-earnings ratio of 41.35 and a beta of 1.06. ANSYS, Inc. has a twelve month low of $91.89 and a twelve month high of $155.14.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, November 1st. The software maker reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.10. The business had revenue of $276.77 million during the quarter, compared to analyst estimates of $263.77 million. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The company’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 earnings per share. research analysts forecast that ANSYS, Inc. will post 3.57 earnings per share for the current fiscal year.
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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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