Brown Advisory Inc. lowered its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,526,071 shares of the software maker’s stock after selling 68,116 shares during the period. Brown Advisory Inc. owned 1.82% of ANSYS worth $239,386,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Fiera Capital Corp purchased a new stake in shares of ANSYS in the first quarter valued at $211,000. GWM Advisors LLC purchased a new stake in shares of ANSYS in the first quarter valued at $214,000. OppenheimerFunds Inc. purchased a new stake in shares of ANSYS in the fourth quarter valued at $212,000. Highland Capital Management LP purchased a new stake in shares of ANSYS in the fourth quarter valued at $221,000. Finally, Lake Street Advisors Group LLC purchased a new stake in shares of ANSYS in the fourth quarter valued at $235,000. 93.02% of the stock is owned by institutional investors and hedge funds.
In other ANSYS news, VP Matthew C. Zack sold 1,222 shares of the business’s stock in a transaction dated Monday, April 30th. The stock was sold at an average price of $162.97, for a total transaction of $199,149.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James E. Cashman III sold 40,254 shares of the business’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $163.76, for a total value of $6,591,995.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,049 shares of company stock valued at $7,540,769. 1.10% of the stock is owned by company insiders.
ANSS stock traded up $1.24 during trading on Thursday, reaching $172.93. 571,700 shares of the stock traded hands, compared to its average volume of 489,144. ANSYS, Inc. has a 52-week low of $119.20 and a 52-week high of $184.95. The company has a market cap of $14.89 billion, a PE ratio of 47.90 and a beta of 1.04.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, May 2nd. The software maker reported $1.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.18. ANSYS had a return on equity of 14.51% and a net margin of 24.92%. The firm had revenue of $285.20 million during the quarter, compared to the consensus estimate of $276.56 million. During the same quarter in the previous year, the business earned $0.89 earnings per share. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. equities analysts predict that ANSYS, Inc. will post 4.4 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on the company. Wedbush reaffirmed a “neutral” rating and issued a $160.00 price objective (down previously from $163.00) on shares of ANSYS in a research report on Friday, May 4th. Mitsubishi UFJ Financial Group raised ANSYS from a “neutral” rating to an “overweight” rating in a research report on Thursday, May 3rd. Zacks Investment Research raised ANSYS from a “hold” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Monday, May 7th. BidaskClub downgraded ANSYS from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 18th. Finally, ValuEngine raised ANSYS from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $140.60.
ANSYS Company Profile
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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