Benjamin F. Edwards & Company Inc. reduced its position in ANSYS, Inc. (NASDAQ:ANSS) by 23.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,812 shares of the software maker’s stock after selling 559 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in ANSYS were worth $338,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bartlett & Co. LLC purchased a new stake in ANSYS during the 3rd quarter valued at about $114,000. Fort L.P. purchased a new stake in ANSYS during the 2nd quarter valued at about $121,000. Piedmont Investment Advisors LLC purchased a new stake in ANSYS during the 2nd quarter valued at about $166,000. Steward Partners Investment Advisory LLC boosted its holdings in ANSYS by 338.8% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,040 shares of the software maker’s stock valued at $181,000 after acquiring an additional 803 shares during the period. Finally, Eagle Ridge Investment Management purchased a new stake in ANSYS during the 2nd quarter valued at about $216,000. Hedge funds and other institutional investors own 94.41% of the company’s stock.
In other ANSYS news, Director James E. Cashman III sold 30,000 shares of the stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $171.39, for a total value of $5,141,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alec D. Gallimore sold 276 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $173.76, for a total value of $47,957.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,850 shares of company stock valued at $8,098,846. Company insiders own 1.10% of the company’s stock.
Several equities research analysts recently weighed in on ANSS shares. BidaskClub cut ANSYS from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Royal Bank of Canada increased their target price on ANSYS to $180.00 and gave the company a “market perform” rating in a report on Monday, August 6th. Evercore ISI restated a “hold” rating and set a $150.00 target price on shares of ANSYS in a report on Monday, August 6th. Guggenheim started coverage on ANSYS in a report on Tuesday, August 7th. They set a “buy” rating and a $210.00 target price for the company. Finally, Berenberg Bank increased their target price on ANSYS from $190.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $172.18.
NASDAQ ANSS opened at $153.14 on Friday. ANSYS, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $190.45. The company has a market capitalization of $12.32 billion, a price-to-earnings ratio of 35.66 and a beta of 1.06.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Monday, August 6th. The software maker reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.25. ANSYS had a return on equity of 14.95% and a net margin of 25.98%. The business had revenue of $308.90 million during the quarter, compared to analysts’ expectations of $288.26 million. During the same quarter last year, the business posted $0.99 EPS. The business’s revenue was up 16.9% on a year-over-year basis. As a group, sell-side analysts forecast that ANSYS, Inc. will post 4.54 earnings per share for the current year.
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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