Riverhead Capital Management LLC Has $136,000 Holdings in ANSYS, Inc. (ANSS)
Riverhead Capital Management LLC reduced its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 72.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,118 shares of the software maker’s stock after selling 2,882 shares during the period. Riverhead Capital Management LLC’s holdings in ANSYS were worth $136,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Creative Planning grew its holdings in shares of ANSYS by 68.6% during the second quarter. Creative Planning now owns 875 shares of the software maker’s stock worth $106,000 after buying an additional 356 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of ANSYS by 7.5% in 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 last quarter. Global X Management Co. LLC lifted its stake in shares of ANSYS by 30.6% during 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. Dupont Capital Management Corp purchased a new position in shares of ANSYS during the second quarter valued at approximately $149,000. Finally, Pacer Advisors Inc. lifted its stake 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 valued at $164,000 after buying an additional 44 shares during the period. Institutional investors and hedge funds own 96.78% of the company’s stock.
Shares of ANSYS, Inc. (ANSS) opened at 124.65 on Wednesday. ANSYS, Inc. has a 52 week low of $82.28 and a 52 week high of $132.74. The stock has a market capitalization of $10.57 billion, a PE ratio of 40.05 and a beta of 1.05. The stock’s 50 day moving average is $125.94 and its 200 day moving average is $120.62.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.07. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The firm had revenue of $264.30 million during the quarter, compared to the consensus estimate of $259.75 million. During the same period in the prior year, the business earned $0.93 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts anticipate that ANSYS, Inc. will post $3.87 EPS for the current fiscal year.
A number of brokerages recently issued reports on ANSS. 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 target price on the stock. KeyCorp reaffirmed a “hold” rating on shares of ANSYS in a research note on Friday, September 29th. Robert W. Baird set a $130.00 price target on ANSYS and gave the company a “buy” rating in a report on Monday, August 28th. Wedbush reiterated a “neutral” rating and issued a $129.19 price target (up from $114.00) on shares of ANSYS in a report on Friday, September 15th. Finally, Berenberg Bank started coverage on ANSYS in a research note 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, twelve have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. ANSYS currently has a consensus rating of “Hold” and a consensus 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.
Want to see what other hedge funds are holding ANSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANSYS, Inc. (NASDAQ:ANSS).
Receive News & Ratings for ANSYS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.