JPMorgan Chase & Co. Acquires 76,629 Shares of ANSYS, Inc. (ANSS)
JPMorgan Chase & Co. boosted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 156.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 125,513 shares of the software maker’s stock after buying an additional 76,629 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.15% of ANSYS worth $15,271,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. State of Tennessee Treasury Department grew its position in ANSYS by 71.5% during the second quarter. State of Tennessee Treasury Department now owns 56,084 shares of the software maker’s stock valued at $6,824,000 after buying an additional 23,384 shares during the period. Delta Lloyd Asset Management N.V. bought a new stake in ANSYS during the second quarter valued at approximately $807,000. Swiss National Bank grew its position in ANSYS by 1.1% during the second quarter. Swiss National Bank now owns 455,000 shares of the software maker’s stock valued at $55,364,000 after buying an additional 5,000 shares during the period. Eagle Asset Management Inc. grew its position in ANSYS by 6.7% during the second quarter. Eagle Asset Management Inc. now owns 660,791 shares of the software maker’s stock valued at $80,405,000 after buying an additional 41,304 shares during the period. Finally, Bronfman E.L. Rothschild L.P. grew its position in ANSYS by 7.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock valued at $121,000 after buying an additional 69 shares during the period. Institutional investors own 96.78% of the company’s stock.
ANSYS, Inc. (NASDAQ:ANSS) opened at 122.05 on Friday. The company’s 50 day moving average is $126.78 and its 200-day moving average is $119.49. The company has a market cap of $10.42 billion, a price-to-earnings ratio of 40.82 and a beta of 1.07. ANSYS, Inc. has a 12 month low of $82.28 and a 12 month high of $132.74.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $259.75 million. During the same quarter last year, the company earned $0.93 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts expect that ANSYS, Inc. will post $3.86 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on ANSS shares. Citigroup Inc. started coverage on shares of ANSYS in a research report on Friday. They issued a “neutral” rating and a $125.00 price target for the company. J P Morgan Chase & Co reiterated a “sell” rating and issued a $98.00 price target on shares of ANSYS in a research report on Tuesday, September 19th. Barclays PLC dropped their price target on shares of ANSYS from $115.00 to $113.00 and set an “underweight” rating for the company in a research report on Friday, September 15th. Wedbush reiterated a “neutral” rating and issued a $129.19 price target (up from $114.00) on shares of ANSYS in a research report on Friday, September 15th. Finally, Evercore ISI reiterated a “hold” rating and issued a $113.00 price target on shares of ANSYS in a research report on Wednesday, September 13th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $114.65.
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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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