Pinebridge Investments L.P. Has $528,000 Position in ANSYS, Inc. (ANSS)
Pinebridge Investments L.P. held its position in ANSYS, Inc. (NASDAQ:ANSS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,337 shares of the software maker’s stock at the end of the 2nd quarter. Pinebridge Investments L.P.’s holdings in ANSYS were worth $528,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its position in shares of ANSYS by 2.9% during the first quarter. Pacer Advisors Inc. now owns 1,539 shares of the software maker’s stock worth $164,000 after purchasing an additional 44 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of 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 purchasing an additional 69 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of ANSYS by 0.8% during the second quarter. Advisors Asset Management Inc. now owns 10,105 shares of the software maker’s stock valued at $1,230,000 after purchasing an additional 77 shares during the period. Blair William & Co. IL grew its holdings in shares of ANSYS by 2.9% in the first quarter. Blair William & Co. IL now owns 4,481 shares of the software maker’s stock worth $479,000 after purchasing an additional 126 shares during the last quarter. Finally, Progressive Investment Management Corp grew its holdings in shares of ANSYS by 0.5% in the second quarter. Progressive Investment Management Corp now owns 27,269 shares of the software maker’s stock worth $3,318,000 after purchasing an additional 126 shares during the last quarter. Institutional investors and hedge funds own 96.78% of the company’s stock.
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Shares of ANSYS, Inc. (NASDAQ:ANSS) opened at 122.73 on Monday. The stock has a 50 day moving average of $126.78 and a 200 day moving average of $119.49. The stock has a market cap of $10.40 billion, a PE ratio of 39.44 and a beta of 1.05. ANSYS, Inc. has a 12 month low of $82.28 and a 12 month high of $132.74.
ANSYS (NASDAQ:ANSS) last issued 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 company had revenue of $264.30 million for the quarter, compared to analyst estimates of $259.75 million. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. On average, equities analysts anticipate that ANSYS, Inc. will post $3.87 earnings per share for the current fiscal year.
Several research analysts recently commented on the stock. BidaskClub downgraded shares of ANSYS from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 9th. Robert W. Baird set a $130.00 price objective on shares of ANSYS and gave the company a “buy” rating in a report on Monday, August 28th. Berenberg Bank initiated coverage on shares of ANSYS in a research report on Wednesday, August 23rd. They issued a “hold” rating and a $123.00 price objective for the company. Zacks Investment Research raised shares of ANSYS from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Evercore ISI set a $113.00 target price on shares of ANSYS and gave the stock a “hold” rating in a research note on Saturday, June 10th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $114.65.
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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