Friedberg Investment Management Sells 410 Shares of ANSYS, Inc. (ANSS)
Friedberg Investment Management lowered its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,430 shares of the software maker’s stock after selling 410 shares during the quarter. ANSYS comprises about 3.4% of Friedberg Investment Management’s investment portfolio, making the stock its 4th biggest position. Friedberg Investment Management owned approximately 0.08% of ANSYS worth $7,840,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in ANSS. Creative Planning raised its holdings in shares of ANSYS by 68.6% during the 2nd quarter. Creative Planning now owns 875 shares of the software maker’s stock valued at $106,000 after purchasing an additional 356 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of ANSYS by 7.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock valued at $121,000 after purchasing an additional 69 shares in the last quarter. Global X Management Co. LLC raised its holdings in shares of ANSYS by 30.6% during the 1st quarter. Global X Management Co. LLC now owns 1,263 shares of the software maker’s stock valued at $135,000 after purchasing an additional 296 shares in the last quarter. Parallax Volatility Advisers L.P. bought a new position in shares of ANSYS during the 2nd quarter valued at $138,000. Finally, Dupont Capital Management Corp bought a new position in shares of ANSYS during the 2nd quarter valued at $149,000. Institutional investors and hedge funds own 96.78% of the company’s stock.
ANSYS, Inc. (NASDAQ ANSS) traded up 0.65% on Friday, reaching $126.06. 442,758 shares of the company were exchanged. ANSYS, Inc. has a 12-month low of $82.28 and a 12-month high of $132.74. The firm has a market capitalization of $10.68 billion, a PE ratio of 40.51 and a beta of 1.05. The stock has a 50 day moving average of $125.82 and a 200 day moving average of $120.82.
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 Thomson Reuters’ 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 firm had revenue of $264.30 million for the quarter, compared to analyst estimates of $259.75 million. During the same period in the prior year, the firm posted $0.93 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities analysts anticipate that ANSYS, Inc. will post $3.87 EPS for the current year.
ANSS has been the topic of a number of recent research reports. BidaskClub downgraded shares of ANSYS from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. Evercore ISI set a $113.00 price target on shares of ANSYS and gave the company a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research downgraded shares of ANSYS from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of ANSYS in a report on Monday, July 17th. They set a “neutral” rating and a $112.00 price target on the stock. Finally, Berenberg Bank initiated coverage on shares of ANSYS in a report on Wednesday, August 23rd. They set a “hold” rating and a $123.00 price target on the stock. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $116.68.
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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