Victory Capital Management Inc. lifted its stake in ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 7.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,835 shares of the software maker’s stock after buying an additional 4,228 shares during the period. Victory Capital Management Inc. owned about 0.07% of ANSYS worth $17,874,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of ANSS. Allspring Global Investments Holdings LLC acquired a new position in shares of ANSYS in the 4th quarter worth approximately $15,052,000. Commonwealth Equity Services LLC raised its holdings in shares of ANSYS by 3.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,092 shares of the software maker’s stock worth $2,042,000 after buying an additional 186 shares in the last quarter. Raymond James Trust N.A. raised its holdings in shares of ANSYS by 4.5% in the 4th quarter. Raymond James Trust N.A. now owns 1,316 shares of the software maker’s stock worth $528,000 after buying an additional 57 shares in the last quarter. Qube Research & Technologies Ltd grew its position in ANSYS by 316.8% during the 4th quarter. Qube Research & Technologies Ltd now owns 43,474 shares of the software maker’s stock worth $17,438,000 after acquiring an additional 33,044 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in ANSYS by 28.4% during the 4th quarter. Quadrant Capital Group LLC now owns 439 shares of the software maker’s stock worth $176,000 after acquiring an additional 97 shares during the last quarter. 89.93% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at ANSYS
In other news, Director Glenda Dorchak sold 800 shares of the firm’s stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $256.18, for a total value of $204,944.00. Following the transaction, the director now directly owns 4,041 shares in the company, valued at approximately $1,035,223.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.63% of the stock is owned by corporate insiders.
ANSYS Stock Down 2.4 %
ANSYS (NASDAQ:ANSS – Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The software maker reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.16. ANSYS had a return on equity of 12.02% and a net margin of 22.96%. During the same period last year, the company posted $1.38 EPS. On average, analysts predict that ANSYS, Inc. will post 6.14 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts recently commented on ANSS shares. Rosenblatt Securities decreased their price target on ANSYS from $315.00 to $285.00 and set a “neutral” rating on the stock in a research report on Thursday, July 21st. Credit Suisse Group decreased their price target on ANSYS from $339.00 to $320.00 and set an “outperform” rating on the stock in a research report on Monday, June 13th. Citigroup decreased their price target on ANSYS from $304.00 to $274.00 in a research report on Thursday, July 21st. Barclays increased their price target on ANSYS from $245.00 to $250.00 and gave the stock an “underweight” rating in a research report on Friday. Finally, Oppenheimer restated an “initiates” rating on shares of ANSYS in a research report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $287.45.
ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.
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