Brasada Capital Management LP reduced its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,120 shares of the software maker’s stock after selling 2,280 shares during the period. ANSYS makes up 3.0% of Brasada Capital Management LP’s holdings, making the stock its 2nd biggest position. Brasada Capital Management LP owned 0.07% of ANSYS worth $10,663,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in shares of ANSYS by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 1,561,040 shares of the software maker’s stock worth $271,901,000 after buying an additional 60,785 shares in the last quarter. Morgan Stanley lifted its stake in shares of ANSYS by 229.2% in the second quarter. Morgan Stanley now owns 1,432,463 shares of the software maker’s stock worth $249,507,000 after buying an additional 997,328 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in shares of ANSYS by 7.7% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 772,876 shares of the software maker’s stock worth $144,280,000 after buying an additional 55,075 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of ANSYS by 0.8% in the third quarter. Bessemer Group Inc. now owns 761,565 shares of the software maker’s stock worth $142,167,000 after buying an additional 5,908 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of ANSYS by 8.3% in the second quarter. Bank of America Corp DE now owns 744,090 shares of the software maker’s stock worth $129,606,000 after buying an additional 56,822 shares in the last quarter. 94.37% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have commented on ANSS shares. ValuEngine raised shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, November 2nd. Royal Bank of Canada lifted their target price on shares of ANSYS to $180.00 and gave the stock a “market perform” rating in a research note on Monday, August 6th. Benchmark raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $187.00 target price on the stock in a research note on Monday, November 5th. Citigroup reaffirmed an “overweight” rating on shares of ANSYS in a research note on Tuesday, August 14th. Finally, William Blair started coverage on shares of ANSYS in a research note on Tuesday, October 9th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $176.09.
In other news, VP Shane Emswiler sold 3,511 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $187.19, for a total value of $657,224.09. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Thurk sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $152.26, for a total transaction of $532,910.00. The disclosure for this sale can be found here. Insiders sold a total of 19,350 shares of company stock worth $3,490,056 over the last three months. Insiders own 1.10% of the company’s stock.
Shares of ANSS stock opened at $159.27 on Wednesday. ANSYS, Inc. has a 12 month low of $140.78 and a 12 month high of $190.45. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 36.83 and a beta of 1.29.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, November 7th. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.19. The business had revenue of $293.00 million for the quarter, compared to the consensus estimate of $286.57 million. ANSYS had a net margin of 27.00% and a return on equity of 15.33%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. As a group, equities analysts predict that ANSYS, Inc. will post 4.88 EPS for the current fiscal year.
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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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