Bridgewater Associates LP Has $558,000 Stake in ANSYS, Inc. (ANSS)

Bridgewater Associates LP reduced its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 36.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,991 shares of the software maker’s stock after selling 1,686 shares during the quarter. Bridgewater Associates LP’s holdings in ANSYS were worth $558,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Piedmont Investment Advisors LLC bought a new position in ANSYS in the 2nd quarter worth approximately $166,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in ANSYS by 5.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 320,603 shares of the software maker’s stock worth $55,843,000 after purchasing an additional 17,669 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in ANSYS by 93,100.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,796 shares of the software maker’s stock worth $487,000 after purchasing an additional 2,793 shares during the last quarter. Comerica Bank raised its position in ANSYS by 1.2% in the 2nd quarter. Comerica Bank now owns 33,939 shares of the software maker’s stock worth $6,131,000 after purchasing an additional 406 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in ANSYS by 35.5% in the 2nd quarter. Wells Fargo & Company MN now owns 299,107 shares of the software maker’s stock worth $52,099,000 after purchasing an additional 78,386 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

ANSS opened at $156.64 on Thursday. ANSYS, Inc. has a 52 week low of $140.78 and a 52 week high of $190.45. The firm has a market cap of $13.09 billion, a price-to-earnings ratio of 36.26 and a beta of 1.33.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, November 7th. The software maker reported $1.10 EPS 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 15.33%. The firm had revenue of $293.00 million during the quarter, compared to analyst estimates of $286.57 million. During the same quarter in the previous year, the business earned $1.05 EPS. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities analysts forecast that ANSYS, Inc. will post 4.66 earnings per share for the current fiscal year.

In other ANSYS news, Director Barbara Vaughn Scherer sold 2,454 shares of ANSYS stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $187.99, for a total transaction of $461,327.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $532,910.00. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Several research firms recently weighed in on ANSS. Wedbush boosted their price objective on shares of ANSYS from $163.00 to $168.00 and gave the stock a “neutral” rating in a research report on Thursday, August 9th. Barclays boosted their price objective 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. BidaskClub cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Benchmark upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $187.00 price objective for the company in a research report on Monday, November 5th. Finally, ValuEngine upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, November 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $176.09.

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About ANSYS

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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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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