M&T Bank Corp raised its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 2.8% in the third quarter, Holdings Channel reports. The firm owned 20,468 shares of the software maker’s stock after purchasing an additional 549 shares during the period. M&T Bank Corp’s holdings in ANSYS were worth $6,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the business. Huntington National Bank grew its stake in ANSYS by 5.6% in the 3rd quarter. Huntington National Bank now owns 638 shares of the software maker’s stock valued at $209,000 after purchasing an additional 34 shares during the period. AdvisorNet Financial Inc grew its stake in shares of ANSYS by 6.5% during the 2nd quarter. AdvisorNet Financial Inc now owns 572 shares of the software maker’s stock worth $167,000 after acquiring an additional 35 shares during the period. Captrust Financial Advisors grew its stake in shares of ANSYS by 0.9% during the 2nd quarter. Captrust Financial Advisors now owns 3,826 shares of the software maker’s stock worth $1,126,000 after acquiring an additional 36 shares during the period. Xponance Inc. grew its stake in shares of ANSYS by 0.3% during the 3rd quarter. Xponance Inc. now owns 12,394 shares of the software maker’s stock worth $4,056,000 after acquiring an additional 39 shares during the period. Finally, BTC Capital Management Inc. grew its stake in shares of ANSYS by 2.7% during the 2nd quarter. BTC Capital Management Inc. now owns 1,531 shares of the software maker’s stock worth $447,000 after acquiring an additional 40 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.
Shares of NASDAQ ANSS opened at $328.21 on Monday. The stock has a market cap of $27.80 billion, a price-to-earnings ratio of 74.26 and a beta of 1.26. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 1-year low of $200.07 and a 1-year high of $357.92. The stock’s 50-day moving average is $327.13 and its 200 day moving average is $303.10.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Monday, November 9th. The software maker reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.10. The company had revenue of $367.00 million for the quarter, compared to analysts’ expectations of $365.67 million. ANSYS had a return on equity of 12.09% and a net margin of 24.88%. ANSYS’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $1.42 EPS. On average, analysts forecast that ANSYS, Inc. will post 4.95 EPS for the current fiscal year.
In related news, VP Matthew C. Zack sold 2,477 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $313.45, for a total transaction of $776,415.65. Following the transaction, the vice president now directly owns 27,399 shares in the company, valued at approximately $8,588,216.55. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ajei Gopal sold 22,058 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $337.87, for a total value of $7,452,736.46. Following the transaction, the chief executive officer now owns 190,145 shares in the company, valued at $64,244,291.15. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.
Several research firms have recently weighed in on ANSS. Barclays increased their price target on ANSYS from $210.00 to $224.00 and gave the stock an “underweight” rating in a research note on Monday, July 20th. Royal Bank of Canada increased their price objective on ANSYS from $310.00 to $348.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 27th. Guggenheim increased their price objective on ANSYS from $278.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. BidaskClub cut ANSYS from a “strong-buy” rating to a “buy” rating in a report on Friday, October 23rd. Finally, Cfra raised ANSYS to a “buy” rating and set a $344.00 price objective on the stock in a report on Friday, August 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $288.82.
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which its engineering simulation technologies are built; multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; high-performance computing product suite, which delivers cross-physics parallel processing capabilities for simulation software; and structural analysis product suite that provides simulation tools for product design and optimization.
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