ANSYS, Inc. (NASDAQ:ANSS) Stake Held by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. continued to hold its position in shares of ANSYS, Inc. (NASDAQ:ANSS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,865 shares of the software maker’s stock at the end of the second quarter. Candriam Luxembourg S.C.A.’s holdings in ANSYS were worth $835,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Creative Planning boosted its position in shares of ANSYS by 68.6% in the second quarter. Creative Planning now owns 875 shares of the software maker’s stock valued at $106,000 after buying an additional 356 shares during the period. Crestwood Advisors Group LLC bought a new position in shares of ANSYS during the first quarter valued at about $128,000. Global X Management Co. LLC boosted its position in shares of ANSYS by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,263 shares of the software maker’s stock valued at $135,000 after buying an additional 296 shares during the period. Pacer Advisors Inc. boosted its position in shares of ANSYS by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,539 shares of the software maker’s stock valued at $164,000 after buying an additional 44 shares during the period. Finally, Huntington National Bank boosted its position in shares of ANSYS by 0.6% in the first quarter. Huntington National Bank now owns 1,549 shares of the software maker’s stock valued at $166,000 after buying an additional 9 shares during the period. Hedge funds and other institutional investors own 98.32% of the company’s stock.
ANSYS, Inc. (ANSS) opened at 125.24 on Tuesday. ANSYS, Inc. has a 52-week low of $82.28 and a 52-week high of $131.63. The firm has a market cap of $10.62 billion, a PE ratio of 40.24 and a beta of 1.10. The firm’s 50-day moving average price is $124.56 and its 200 day moving average price is $114.39.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.99 EPS for the quarter, beating the consensus estimate of $0.92 by $0.07. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The company had revenue of $264.30 million for the quarter, compared to analyst estimates of $259.75 million. During the same quarter last year, the business earned $0.93 earnings per share. ANSYS’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts anticipate that ANSYS, Inc. will post $3.86 earnings per share for the current year.
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ANSS has been the topic of several recent research reports. BidaskClub cut ANSYS from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th. Evercore ISI set a $113.00 price target on ANSYS and gave the company a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded ANSYS from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. Mitsubishi UFJ Financial Group cut ANSYS from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $112.00 to $114.00 in a research report on Thursday, May 4th. Finally, Wedbush dropped their price target on ANSYS from $114.00 to $101.00 and set a “neutral” rating on the stock in a research report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $105.75.
In other ANSYS news, Director Michael Thurk sold 4,800 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $123.95, for a total value of $594,960.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Patrick J. Zilvitis sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $124.00, for a total transaction of $248,000.00. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
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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