ANSYS, Inc. (ANSS) Stake Raised by Pitcairn Co.
Pitcairn Co. boosted its position in ANSYS, Inc. (NASDAQ:ANSS) by 43.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,732 shares of the software maker’s stock after buying an additional 5,672 shares during the period. Pitcairn Co.’s holdings in ANSYS were worth $2,280,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of ANSYS by 5,399.5% in the first quarter. BlackRock Inc. now owns 9,118,117 shares of the software maker’s stock worth $974,453,000 after buying an additional 8,952,318 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of ANSYS by 54.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,806,833 shares of the software maker’s stock worth $299,966,000 after buying an additional 987,326 shares during the last quarter. Aristotle Capital Management LLC raised its position in shares of ANSYS by 90.5% in the first quarter. Aristotle Capital Management LLC now owns 1,894,434 shares of the software maker’s stock worth $202,459,000 after buying an additional 899,793 shares during the last quarter. KAMES CAPITAL plc raised its position in shares of ANSYS by 1,628.6% in the first quarter. KAMES CAPITAL plc now owns 712,016 shares of the software maker’s stock worth $76,086,000 after buying an additional 670,825 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of ANSYS by 2.6% in the first quarter. Vanguard Group Inc. now owns 6,975,913 shares of the software maker’s stock worth $745,515,000 after buying an additional 174,087 shares during the last quarter. Institutional investors own 98.16% of the company’s stock.
Shares of ANSYS, Inc. (NASDAQ ANSS) opened at 122.95 on Friday. The firm has a 50-day moving average of $124.48 and a 200-day moving average of $113.89. The company has a market cap of $10.42 billion, a P/E ratio of 39.51 and a beta of 1.10. ANSYS, Inc. has a 52-week low of $82.28 and a 52-week high of $131.63.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.07. The business had revenue of $264.30 million during the quarter, compared to analysts’ expectations of $259.75 million. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $0.93 earnings per share. Equities research analysts forecast that ANSYS, Inc. will post $3.86 earnings per share for the current year.
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ANSS has been the subject of a number of recent analyst reports. Citigroup Inc. lowered shares of ANSYS from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $112.00 to $114.00 in a report on Thursday, May 4th. Zacks Investment Research lowered shares of ANSYS from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Barclays PLC cut their target price on shares of ANSYS from $115.00 to $96.00 and set an “underweight” rating for the company in a research report on Monday, May 15th. BidaskClub downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Finally, Mitsubishi UFJ Financial Group downgraded shares of ANSYS from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $112.00 to $114.00 in a research report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. ANSYS presently has an average rating of “Hold” and an average target price of $105.75.
In other ANSYS news, Director Patrick J. Zilvitis sold 2,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $124.00, for a total value of $248,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Thurk sold 4,800 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $123.95, for a total transaction of $594,960.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
ANSYS Company Profile
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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