Smithfield Trust Co. Maintains Position in ANSYS, Inc. (ANSS)
Smithfield Trust Co. held its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 895 shares of the software maker’s stock at the end of the second quarter. Smithfield Trust Co.’s holdings in ANSYS were worth $109,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Creative Planning increased its stake in shares of ANSYS by 68.6% in the second quarter. Creative Planning now owns 875 shares of the software maker’s stock valued at $106,000 after buying an additional 356 shares during the last quarter. Crestwood Advisors Group LLC acquired a new stake in shares of ANSYS during the first quarter valued at $128,000. Global X Management Co. LLC increased its stake in shares of ANSYS by 30.6% in 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 last quarter. Pacer Advisors Inc. increased its stake in shares of ANSYS by 2.9% in 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 last quarter. Finally, Huntington National Bank increased its stake in shares of ANSYS by 0.6% in the first quarter. Huntington National Bank now owns 1,549 shares of the software maker’s stock valued at $166,000 after buying an additional 9 shares during the last quarter. 98.16% of the stock is currently owned by hedge funds and other institutional investors.
ANSYS, Inc. (NASDAQ:ANSS) opened at 124.76 on Thursday. ANSYS, Inc. has a 12-month low of $82.28 and a 12-month high of $131.63. The firm’s 50-day moving average is $124.46 and its 200 day moving average is $113.62. The firm has a market cap of $10.63 billion, a PE ratio of 40.09 and a beta of 1.10.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.99 EPS for the quarter, beating 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 quarter last year, the firm posted $0.93 earnings per share. ANSYS’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities research analysts predict that ANSYS, Inc. will post $3.85 EPS for the current year.
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Several equities research analysts recently weighed in on ANSS shares. BidaskClub downgraded shares of ANSYS from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 9th. 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. Zacks Investment Research raised shares of ANSYS from a “sell” rating to a “hold” rating in a research note on Monday, May 8th. Mitsubishi UFJ Financial Group downgraded shares of ANSYS from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $112.00 to $114.00 in a research note on Thursday, May 4th. Finally, Wedbush cut their target price on shares of ANSYS from $114.00 to $101.00 and set a “neutral” rating on the stock in a research note on Monday, May 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $105.75.
In other news, Director Patrick J. Zilvitis sold 2,000 shares of ANSYS stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $124.00, for a total transaction of $248,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael Thurk sold 4,800 shares of ANSYS stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $123.95, for a total transaction of $594,960.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
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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