Swiss National Bank lessened its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 272,000 shares of the software maker’s stock after selling 7,000 shares during the period. Swiss National Bank owned about 0.32% of ANSYS worth $55,711,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of ANSYS by 4.8% in the 1st quarter. BlackRock Inc. now owns 6,779,063 shares of the software maker’s stock valued at $1,238,602,000 after acquiring an additional 312,390 shares during the period. Principal Financial Group Inc. raised its stake in shares of ANSYS by 1.7% in the 1st quarter. Principal Financial Group Inc. now owns 2,084,035 shares of the software maker’s stock valued at $380,774,000 after acquiring an additional 34,085 shares during the period. Pictet Asset Management Ltd. grew its holdings in ANSYS by 6.6% during the 1st quarter. Pictet Asset Management Ltd. now owns 1,067,992 shares of the software maker’s stock valued at $195,133,000 after purchasing an additional 66,077 shares in the last quarter. AKO Capital LLP grew its holdings in ANSYS by 49.2% during the 1st quarter. AKO Capital LLP now owns 941,150 shares of the software maker’s stock valued at $171,958,000 after purchasing an additional 310,181 shares in the last quarter. Finally, Ownership Capital B.V. grew its holdings in ANSYS by 1.9% during the 2nd quarter. Ownership Capital B.V. now owns 696,504 shares of the software maker’s stock valued at $142,658,000 after purchasing an additional 12,844 shares in the last quarter. 93.53% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on ANSS shares. Citigroup started coverage on shares of ANSYS in a report on Monday, July 22nd. They set a “buy” rating and a $250.00 price target for the company. BidaskClub raised shares of ANSYS from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Evercore ISI reaffirmed a “hold” rating and set a $160.00 price target on shares of ANSYS in a report on Tuesday, August 6th. Zacks Investment Research lowered shares of ANSYS from a “strong-buy” rating to a “hold” rating and set a $240.00 price target for the company. in a report on Monday, August 12th. Finally, Wedbush raised their price target on shares of ANSYS from $221.00 to $228.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $204.22.
ANSS opened at $212.49 on Tuesday. The company has a fifty day simple moving average of $208.01 and a 200 day simple moving average of $190.71. The firm has a market cap of $17.63 billion, a price-to-earnings ratio of 40.79 and a beta of 1.42. ANSYS, Inc. has a twelve month low of $136.80 and a twelve month high of $215.39. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.03.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Monday, August 5th. The software maker reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.25. The company had revenue of $370.51 million during the quarter, compared to analyst estimates of $338.31 million. ANSYS had a net margin of 31.53% and a return on equity of 17.17%. The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period last year, the business earned $1.35 EPS. On average, analysts forecast that ANSYS, Inc. will post 5.2 earnings per share for the current fiscal year.
In other ANSYS news, Director William R. Mcdermott sold 1,765 shares of the firm’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.11% of the stock is owned by company insiders.
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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