Commerce Bank raised its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 5.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,662 shares of the software maker’s stock after buying an additional 456 shares during the quarter. Commerce Bank’s holdings in ANSYS were worth $1,617,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of ANSS. Millennium Management LLC grew its stake in ANSYS by 114.4% in the 1st quarter. Millennium Management LLC now owns 29,167 shares of the software maker’s stock worth $4,570,000 after acquiring an additional 15,561 shares during the period. Principal Financial Group Inc. grew its stake in shares of ANSYS by 7.3% during the 1st quarter. Principal Financial Group Inc. now owns 144,288 shares of the software maker’s stock valued at $22,609,000 after buying an additional 9,776 shares during the period. IFM Investors Pty Ltd grew its stake in shares of ANSYS by 48.3% during the 2nd quarter. IFM Investors Pty Ltd now owns 3,679 shares of the software maker’s stock valued at $641,000 after buying an additional 1,199 shares during the period. State of Alaska Department of Revenue grew its stake in shares of ANSYS by 9.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 21,402 shares of the software maker’s stock valued at $3,725,000 after buying an additional 1,850 shares during the period. Finally, Atria Investments LLC grew its stake in shares of ANSYS by 13.6% during the 2nd quarter. Atria Investments LLC now owns 10,512 shares of the software maker’s stock valued at $1,831,000 after buying an additional 1,256 shares during the period. 94.35% of the stock is owned by institutional investors and hedge funds.
Shares of ANSYS stock opened at $165.86 on Friday. ANSYS, Inc. has a twelve month low of $140.78 and a twelve month high of $190.45. The firm has a market cap of $13.47 billion, a P/E ratio of 36.99 and a beta of 1.29.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, November 7th. The software maker reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.19. ANSYS had a net margin of 27.00% and a return on equity of 15.59%. The firm had revenue of $293.00 million during the quarter, compared to analysts’ expectations of $286.57 million. During the same period in the prior year, the company earned $1.05 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. As a group, analysts anticipate that ANSYS, Inc. will post 4.54 earnings per share for the current year.
In related news, insider Ajei Gopal sold 9,609 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $186.35, for a total transaction of $1,790,637.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shane Emswiler sold 3,511 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was 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. Over the last ninety days, insiders have sold 49,350 shares of company stock valued at $8,631,756. 1.10% of the stock is owned by corporate insiders.
Several brokerages have recently issued reports on ANSS. BidaskClub raised shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Tuesday, August 7th. Berenberg Bank boosted their price objective on shares of ANSYS from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Citigroup reissued an “overweight” rating on shares of ANSYS in a research note on Tuesday, August 14th. Guggenheim began coverage on shares of ANSYS in a research note on Tuesday, August 7th. They set a “buy” rating and a $210.00 price objective for the company. Finally, ValuEngine raised shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, November 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $176.09.
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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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