1 week Ago By ABMN Staff
Arizona State Retirement System increased its position in ANSYS, Inc. ( NASDAQ:ANSS – Free Report ) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor owned 23,981 shares of the software maker’s stock after purchasing an additional 87 shares during the period. Arizona State Retirement System’s holdings in ANSYS were worth $7,710,000 at the end of the most recent quarter. Several other hedge funds have also bought and sold shares of ANSS.
Vanguard Group Inc. lifted its stake in shares of ANSYS by 0.7% in the first quarter.
Vanguard Group Inc. now owns 10,234,642 shares of the software maker’s stock valued at $3,553,058,000 after buying an additional 73,585 shares in the last quarter. Franklin Resources Inc.
lifted its position in ANSYS by 1.9% in the 4th quarter. Franklin Resources Inc.
now owns 1,508,715 shares of the software maker’s stock valued at $547,483,000 after acquiring an additional 27,893 shares in the last quarter. Norges Bank acquired a new position in ANSYS during the 4th quarter valued at about $282,329,000. Earnest Partners LLC increased its holdings in ANSYS by 13.
7% during the 1st quarter. Earnest Partners LLC now owns 592,017 shares of the software maker’s stock worth $205,525,000 after purchasing an additional 71,394 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of ANSYS by 20.
3% in the first quarter. DekaBank Deutsche Girozentrale now owns 499,777 shares of the software maker’s stock worth $173,079,000 after purchasing an additional 84,353 shares during the last quarter. Institutional investors and hedge funds own 92.
39% of the company’s stock. Wall Street Analysts Forecast Growth Several research analysts recently issued reports on the company. StockNews.
com began coverage on ANSYS in a research report on Friday. They set a “hold” rating on the stock. Rosenblatt Securities reduced their target price on shares of ANSYS from $345.
00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Finally, KeyCorp started coverage on shares of ANSYS in a research report on Thursday, June 27th.
They set a “sector weight” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.
com, the stock currently has a consensus rating of “Hold” and an average price target of $318.33. Insider Buying and Selling In related news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction that occurred on Monday, July 8th.
The stock was sold at an average price of $330.81, for a total value of $52,598.79.
Following the transaction, the director now owns 3,782 shares in the company, valued at $1,251,123.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website .
0.46% of the stock is currently owned by insiders. ANSYS Trading Down 1.
5 % Shares of ANSYS stock opened at $305.04 on Friday. The firm has a market cap of $26.
63 billion, a PE ratio of 61.25, a P/E/G ratio of 6.89 and a beta of 1.
12. ANSYS, Inc. has a 1 year low of $258.
01 and a 1 year high of $364.31. The company has a debt-to-equity ratio of 0.
13, a current ratio of 2.95 and a quick ratio of 2.95.
The stock has a fifty day moving average price of $317.94 and a 200-day moving average price of $326.44.
ANSYS ( NASDAQ:ANSS – Get Free Report ) last posted its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.
92 by $0.58. The business had revenue of $594.
14 million during the quarter, compared to the consensus estimate of $550.30 million. ANSYS had a net margin of 21.
30% and a return on equity of 11.51%. The firm’s quarterly revenue was up 19.
6% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 earnings per share.
Equities research analysts anticipate that ANSYS, Inc. will post 7.32 EPS for the current year.
ANSYS Profile ( Free Report ) ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite. Featured Stories 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 – Free Report ). Receive News & Ratings for ANSYS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS and related companies with MarketBeat.
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