First Manhattan Co. Maintains Position in ANSYS, Inc. (NASDAQ:ANSS)
First Manhattan Co. maintained its stake in ANSYS, Inc. (NASDAQ:ANSS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,970 shares of the software maker’s stock at the end of the second quarter. First Manhattan Co.’s holdings in ANSYS were worth $239,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in ANSS. Creative Planning boosted its stake in ANSYS by 68.6% in the second quarter. Creative Planning now owns 875 shares of the software maker’s stock worth $106,000 after buying an additional 356 shares during the period. Crestwood Advisors Group LLC bought a new stake in ANSYS during the first quarter worth approximately $128,000. Global X Management Co. LLC boosted its stake in ANSYS by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,263 shares of the software maker’s stock worth $135,000 after buying an additional 296 shares during the period. Pacer Advisors Inc. boosted its stake in ANSYS by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,539 shares of the software maker’s stock worth $164,000 after buying an additional 44 shares during the period. Finally, Huntington National Bank boosted its stake in ANSYS by 0.6% in the first quarter. Huntington National Bank now owns 1,549 shares of the software maker’s stock worth $166,000 after buying an additional 9 shares during the period. Institutional investors own 98.16% of the company’s stock.
ANSYS, Inc. (NASDAQ:ANSS) opened at 122.71 on Friday. The firm’s 50-day moving average is $124.47 and its 200-day moving average is $113.68. The stock has a market capitalization of $10.40 billion, a price-to-earnings ratio of 39.43 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 data on Wednesday, August 2nd. The software maker reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.07. The business had revenue of $264.30 million during the quarter, compared to the consensus estimate of $259.75 million. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. Analysts predict that ANSYS, Inc. will post $3.86 earnings per share for the current year.
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A number of research firms recently commented on ANSS. UBS AG cut shares of ANSYS from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 4th. Zacks Investment Research upgraded shares of ANSYS from a “sell” rating to a “hold” rating in a research note on Monday. BidaskClub upgraded shares of ANSYS from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Evercore ISI set a $113.00 price target on shares of ANSYS and gave the stock a “hold” rating in a research report on Saturday, June 10th. Finally, Goldman Sachs Group, Inc. (The) began coverage on shares of ANSYS in a research report on Monday, July 17th. They set a “neutral” rating and a $112.00 price target for the company. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $105.75.
In related news, Director Patrick J. Zilvitis sold 2,000 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $124.00, for a total transaction of $248,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Thurk sold 4,800 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $123.95, for a total value of $594,960.00. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.
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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