Andra AP fonden trimmed its stake in ANSYS, Inc. (NASDAQ:ANSS) by 11.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,500 shares of the software maker’s stock after selling 4,800 shares during the quarter. Andra AP fonden’s holdings in ANSYS were worth $6,814,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in ANSS. Dimensional Fund Advisors LP grew its stake in ANSYS by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 328,197 shares of the software maker’s stock worth $51,425,000 after buying an additional 2,149 shares during the period. Natixis purchased a new stake in ANSYS during the first quarter worth approximately $1,667,000. Jane Street Group LLC grew its stake in ANSYS by 133.5% during the first quarter. Jane Street Group LLC now owns 4,745 shares of the software maker’s stock worth $743,000 after buying an additional 2,713 shares during the period. Millennium Management LLC grew its stake in ANSYS by 114.4% during the first quarter. Millennium Management LLC now owns 29,167 shares of the software maker’s stock worth $4,570,000 after buying an additional 15,561 shares during the period. Finally, Legal & General Group Plc grew its stake in ANSYS by 0.5% during the first quarter. Legal & General Group Plc now owns 483,103 shares of the software maker’s stock worth $75,668,000 after buying an additional 2,564 shares during the period. Hedge funds and other institutional investors own 94.40% of the company’s stock.
ANSS has been the subject of several research reports. Zacks Investment Research downgraded shares of ANSYS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. BidaskClub downgraded shares of ANSYS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 22nd. Barclays boosted their target price on shares of ANSYS from $152.00 to $162.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 8th. William Blair assumed coverage on shares of ANSYS in a research report on Tuesday, October 9th. They set a “market perform” rating on the stock. Finally, Robert W. Baird boosted their target price on shares of ANSYS from $165.00 to $197.00 and gave the stock an “outperform” rating in a research report on Monday, June 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $172.20.
NASDAQ ANSS opened at $150.58 on Friday. ANSYS, Inc. has a 52 week low of $129.51 and a 52 week high of $190.45. The firm has a market cap of $12.97 billion, a PE ratio of 41.71 and a beta of 1.06.
ANSYS (NASDAQ:ANSS) last posted its earnings results on Monday, August 6th. The software maker reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. ANSYS had a net margin of 25.98% and a return on equity of 14.95%. The business had revenue of $308.90 million for the quarter, compared to analysts’ expectations of $288.26 million. During the same period in the previous year, the company posted $0.99 earnings per share. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. Research analysts anticipate that ANSYS, Inc. will post 4.54 EPS for the current year.
In related news, Director Michael Thurk sold 3,500 shares of the company’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $170.19, for a total value of $595,665.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shane Emswiler sold 3,511 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $187.19, for a total transaction of $657,224.09. The disclosure for this sale can be found here. Insiders sold 49,350 shares of company stock worth $8,694,511 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.
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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