Raymond James & Associates increased its stake in ANSYS, Inc. (NASDAQ:ANSS) by 19.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,748 shares of the software maker’s stock after acquiring an additional 11,635 shares during the quarter. Raymond James & Associates owned approximately 0.08% of ANSYS worth $20,931,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in ANSYS by 5.5% in the 1st quarter. BlackRock Inc. now owns 7,498,456 shares of the software maker’s stock valued at $1,743,164,000 after purchasing an additional 387,554 shares in the last quarter. Aristotle Capital Management LLC raised its holdings in ANSYS by 1.1% in the 1st quarter. Aristotle Capital Management LLC now owns 3,863,237 shares of the software maker’s stock valued at $898,087,000 after acquiring an additional 41,922 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of ANSYS by 0.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,983,603 shares of the software maker’s stock valued at $693,598,000 after purchasing an additional 9,299 shares during the last quarter. Geode Capital Management LLC grew its holdings in ANSYS by 3.9% in the 1st quarter. Geode Capital Management LLC now owns 1,595,445 shares of the software maker’s stock valued at $370,289,000 after buying an additional 59,218 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of ANSYS by 24.8% in the 1st quarter. Alliancebernstein L.P. now owns 832,880 shares of the software maker’s stock worth $193,620,000 after acquiring an additional 165,437 shares during the last quarter. 92.11% of the stock is owned by institutional investors.
Several equities research analysts recently issued reports on ANSS shares. Barclays raised their price objective on shares of ANSYS from $210.00 to $224.00 and gave the stock an “underweight” rating in a research report on Monday, July 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of ANSYS in a research report on Thursday, May 7th. Royal Bank of Canada increased their price objective on ANSYS from $230.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Finally, Wedbush lifted their target price on ANSYS from $280.00 to $308.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $253.18.
Shares of ANSS stock opened at $310.60 on Friday. The firm has a 50 day moving average of $292.57 and a two-hundred day moving average of $267.87. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.16. ANSYS, Inc. has a 52 week low of $186.81 and a 52 week high of $312.56. The stock has a market capitalization of $26.59 billion, a PE ratio of 62.49 and a beta of 1.22.
ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, May 6th. The software maker reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.03. ANSYS had a return on equity of 13.73% and a net margin of 27.34%. The firm had revenue of $308.90 million during the quarter, compared to analysts’ expectations of $309.20 million. During the same quarter in the previous year, the business earned $1.29 earnings per share. The firm’s revenue was down 3.5% compared to the same quarter last year. Analysts expect that ANSYS, Inc. will post 4.78 EPS for the current fiscal year.
In other news, Director Nicole Anasenes sold 1,050 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $283.49, for a total transaction of $297,664.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.58% of the stock is currently owned by company insiders.
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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