Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in ANSYS, Inc. (NASDAQ:ANSS) by 19.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 146,935 shares of the software maker’s stock after selling 35,650 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.17% of ANSYS worth $18,033,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. 1st Global Advisors Inc. lifted its stake in shares of ANSYS by 0.8% in the second quarter. 1st Global Advisors Inc. now owns 2,364 shares of the software maker’s stock worth $288,000 after acquiring an additional 18 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in shares of ANSYS by 7.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock worth $121,000 after acquiring an additional 69 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of ANSYS by 0.8% in the second quarter. Advisors Asset Management Inc. now owns 10,105 shares of the software maker’s stock worth $1,230,000 after acquiring an additional 77 shares during the period. Pacer Advisors Inc. lifted its stake in shares of ANSYS by 7.5% in the second quarter. Pacer Advisors Inc. now owns 1,655 shares of the software maker’s stock worth $201,000 after acquiring an additional 116 shares during the period. Finally, Progressive Investment Management Corp lifted its stake in shares of ANSYS by 0.5% in the second quarter. Progressive Investment Management Corp now owns 27,269 shares of the software maker’s stock worth $3,318,000 after acquiring an additional 126 shares during the period. 96.00% of the stock is currently owned by institutional investors.

In other news, Director Barbara Vaughn Scherer sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $150.00, for a total transaction of $150,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Shane Emswiler sold 12,504 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $151.96, for a total value of $1,900,107.84. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

A number of research firms recently commented on ANSS. Zacks Investment Research raised ANSYS from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a research note on Tuesday, November 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of ANSYS in a research note on Friday, November 3rd. Citigroup Inc. lifted their price objective on ANSYS from $125.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Wedbush reaffirmed a “neutral” rating and issued a $114.00 price objective (down from $136.00) on shares of ANSYS in a research note on Friday, November 3rd. Finally, Royal Bank Of Canada lifted their price objective on ANSYS from $130.00 to $147.00 and gave the stock a “sector perform” rating in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. ANSYS currently has a consensus rating of “Hold” and an average target price of $128.91.

Shares of ANSYS, Inc. (NASDAQ:ANSS) traded up $2.19 on Wednesday, reaching $153.40. The company’s stock had a trading volume of 626,900 shares, compared to its average volume of 549,663. ANSYS, Inc. has a 12-month low of $91.89 and a 12-month high of $155.14. The firm has a market capitalization of $12,831.75, a price-to-earnings ratio of 43.20 and a beta of 1.05.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.10. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The firm had revenue of $276.77 million for the quarter, compared to analyst estimates of $263.77 million. During the same period in the previous year, the firm earned $0.95 earnings per share. The company’s revenue was up 12.6% compared to the same quarter last year. sell-side analysts anticipate that ANSYS, Inc. will post 3.57 earnings per share for the current fiscal year.

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About ANSYS

ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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