Reliance Trust Co. of Delaware acquired a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) in the 3rd quarter, Holdings Channel reports. The fund acquired 1,094 shares of the software maker’s stock, valued at approximately $204,000.
A number of other hedge funds have also recently modified their holdings of ANSS. Millennium Management LLC raised its holdings 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 purchasing an additional 15,561 shares during the last quarter. Principal Financial Group Inc. raised its holdings in ANSYS by 7.3% during the first quarter. Principal Financial Group Inc. now owns 144,288 shares of the software maker’s stock worth $22,609,000 after purchasing an additional 9,776 shares during the last quarter. DnB Asset Management AS raised its holdings in ANSYS by 13.0% during the second quarter. DnB Asset Management AS now owns 16,551 shares of the software maker’s stock worth $2,883,000 after purchasing an additional 1,900 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in ANSYS by 48.3% during the second quarter. IFM Investors Pty Ltd now owns 3,679 shares of the software maker’s stock worth $641,000 after purchasing an additional 1,199 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in ANSYS by 9.5% during the second quarter. State of Alaska Department of Revenue now owns 21,402 shares of the software maker’s stock worth $3,725,000 after purchasing an additional 1,850 shares during the last quarter. 94.41% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on ANSS. BidaskClub raised ANSYS from a “buy” rating to a “strong-buy” rating in a report on Friday, August 31st. Wedbush reissued a “neutral” rating and issued a $168.00 price target (down from $180.00) on shares of ANSYS in a report on Thursday, September 6th. Evercore ISI reissued a “hold” rating and issued a $150.00 price target on shares of ANSYS in a report on Monday, August 6th. Royal Bank of Canada boosted their price target on ANSYS to $180.00 and gave the stock a “market perform” rating in a report on Monday, August 6th. Finally, Citigroup reissued an “overweight” rating on shares of ANSYS in a report on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $173.64.
NASDAQ ANSS opened at $155.28 on Friday. ANSYS, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $190.45. The firm has a market capitalization of $12.61 billion, a PE ratio of 36.48 and a beta of 1.29.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Monday, August 6th. The software maker reported $1.35 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $308.90 million during the quarter, compared to analysts’ expectations of $288.26 million. During the same period in the previous year, the firm posted $0.99 earnings per share. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. Equities research analysts anticipate that ANSYS, Inc. will post 4.54 EPS for the current year.
In other news, Director Michael Thurk sold 3,500 shares of ANSYS stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $152.26, for a total value of $532,910.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James E. Cashman III sold 30,000 shares of ANSYS stock in a transaction on Monday, August 13th. The shares were sold at an average price of $171.39, for a total value of $5,141,700.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,350 shares of company stock valued at $8,631,756. Insiders own 1.10% of the company’s stock.
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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