Janney Montgomery Scott LLC boosted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 22.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,419 shares of the software maker’s stock after acquiring an additional 5,759 shares during the period. Janney Montgomery Scott LLC’s holdings in ANSYS were worth $6,435,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. WCM Investment Management LLC purchased a new position in shares of ANSYS in the 1st quarter worth $90,241,000. Swedbank purchased a new position in shares of ANSYS in the 2nd quarter worth $100,576,000. BlackRock Inc. grew its stake in shares of ANSYS by 4.8% in the 1st quarter. BlackRock Inc. now owns 6,779,063 shares of the software maker’s stock worth $1,238,602,000 after buying an additional 312,390 shares in the last quarter. AKO Capital LLP grew its stake in shares of ANSYS by 49.2% in the 1st quarter. AKO Capital LLP now owns 941,150 shares of the software maker’s stock worth $171,958,000 after buying an additional 310,181 shares in the last quarter. Finally, Federated Investors Inc. PA grew its stake in shares of ANSYS by 28.2% in the 1st quarter. Federated Investors Inc. PA now owns 635,124 shares of the software maker’s stock worth $116,043,000 after buying an additional 139,866 shares in the last quarter. 93.50% of the stock is owned by institutional investors.
In other news, Director William R. Mcdermott sold 1,765 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $181.53, for a total value of $320,400.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alec D. Gallimore sold 638 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $185.78, for a total transaction of $118,527.64. The disclosure for this sale can be found here. Insiders sold a total of 2,500 shares of company stock valued at $459,344 in the last 90 days. Company insiders own 1.11% of the company’s stock.
A number of equities analysts have commented on ANSS shares. BidaskClub cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. lifted their price objective on shares of ANSYS from $160.00 to $190.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 6th. Evercore ISI reissued a “hold” rating and issued a $160.00 price objective on shares of ANSYS in a research note on Tuesday, August 6th. Wedbush lifted their price objective on shares of ANSYS from $221.00 to $228.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of ANSYS from a “strong-buy” rating to a “hold” rating and set a $240.00 price objective for the company. in a research note on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $204.22.
Shares of ANSYS stock traded up $5.54 during trading on Tuesday, hitting $212.58. The stock had a trading volume of 75,875 shares, compared to its average volume of 487,538. The company has a fifty day simple moving average of $207.02. The firm has a market capitalization of $17.52 billion, a PE ratio of 40.80 and a beta of 1.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.24 and a current ratio of 2.24. ANSYS, Inc. has a 12 month low of $136.80 and a 12 month high of $215.39.
ANSYS (NASDAQ:ANSS) last released its earnings results on Monday, August 5th. The software maker reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.25. The firm had revenue of $370.51 million during the quarter, compared to analyst estimates of $338.31 million. ANSYS had a net margin of 31.53% and a return on equity of 17.17%. The business’s revenue was up 20.0% on a year-over-year basis. During the same quarter last year, the business earned $1.35 EPS. Analysts forecast that ANSYS, Inc. will post 5.2 earnings per share for the current year.
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
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