Landscape Capital Management L.L.C. lifted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 172.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,831 shares of the software maker’s stock after acquiring an additional 3,692 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in ANSYS were worth $1,194,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new position in ANSYS in the first quarter valued at $28,000. Flagship Harbor Advisors LLC increased its holdings in ANSYS by 198.4% in the first quarter. Flagship Harbor Advisors LLC now owns 182 shares of the software maker’s stock valued at $33,000 after buying an additional 121 shares during the last quarter. Motco purchased a new position in ANSYS in the second quarter valued at $38,000. Ibex Wealth Advisors purchased a new position in ANSYS in the second quarter valued at $39,000. Finally, Glassman Wealth Services increased its holdings in ANSYS by 128.9% in the first quarter. Glassman Wealth Services now owns 206 shares of the software maker’s stock valued at $38,000 after buying an additional 116 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director William R. Mcdermott sold 1,765 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $181.53, for a total transaction of $320,400.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alec D. Gallimore sold 638 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $185.78, for a total transaction of $118,527.64. The disclosure for this sale can be found here. Insiders have sold 2,500 shares of company stock valued at $459,344 in the last quarter. Insiders own 1.11% of the company’s stock.
Several equities analysts recently commented on the company. JPMorgan Chase & Co. increased their target price on ANSYS from $160.00 to $190.00 and gave the company an “underweight” rating in a report on Tuesday, August 6th. Wedbush raised their price objective on ANSYS from $221.00 to $228.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. They noted that the move was a valuation call. Citigroup began coverage on ANSYS in a report on Monday, July 22nd. They set a “buy” rating and a $250.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and set a $210.00 price objective (up previously from $203.00) on shares of ANSYS in a report on Friday, May 3rd. Finally, Zacks Investment Research lowered ANSYS from a “strong-buy” rating to a “hold” rating and set a $240.00 price objective on the stock. in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. ANSYS has a consensus rating of “Hold” and an average price target of $204.22.
Shares of ANSS stock traded up $5.45 during mid-day trading on Friday, hitting $209.57. 432,600 shares of the stock were exchanged, compared to its average volume of 502,941. The stock’s fifty day simple moving average is $207.62 and its two-hundred day simple moving average is $190.41. The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of 40.22 and a beta of 1.42. ANSYS, Inc. has a 12-month low of $136.80 and a 12-month high of $215.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.24 and a current ratio of 2.24.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Monday, August 5th. The software maker reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.25. ANSYS had a return on equity of 17.17% and a net margin of 31.53%. The company had revenue of $370.51 million for the quarter, compared to analyst estimates of $338.31 million. During the same quarter last year, the company posted $1.35 earnings per share. The business’s quarterly revenue was up 20.0% compared to the same quarter last year. On average, research analysts expect that ANSYS, Inc. will post 5.2 earnings per share for the current fiscal 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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