Stephens Investment Management Group LLC raised its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,492 shares of the software maker’s stock after purchasing an additional 3,259 shares during the period. Stephens Investment Management Group LLC owned 0.14% of ANSYS worth $26,672,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Motco acquired a new stake in shares of ANSYS in the 2nd quarter worth approximately $38,000. Ibex Wealth Advisors acquired a new stake in shares of ANSYS in the 2nd quarter worth approximately $39,000. CSat Investment Advisory L.P. lifted its stake in shares of ANSYS by 129.7% in the 2nd quarter. CSat Investment Advisory L.P. now owns 255 shares of the software maker’s stock worth $52,000 after acquiring an additional 144 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of ANSYS in the 2nd quarter worth approximately $70,000. Finally, FTB Advisors Inc. lifted its stake in shares of ANSYS by 771.1% in the 2nd quarter. FTB Advisors Inc. now owns 392 shares of the software maker’s stock worth $80,000 after acquiring an additional 347 shares during the period. 93.78% of the stock is owned by hedge funds and other institutional investors.
ANSS has been the subject of several recent research reports. ValuEngine lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Evercore ISI reissued a “hold” rating and set a $160.00 target price on shares of ANSYS in a research note on Tuesday, August 6th. Zacks Investment Research lowered shares of ANSYS from a “buy” rating to a “hold” rating and set a $235.00 target price for the company. in a research note on Monday, October 14th. Citigroup initiated coverage on shares of ANSYS in a research note on Monday, July 22nd. They set a “buy” rating and a $250.00 target price for the company. Finally, Wedbush increased their target price on shares of ANSYS from $232.00 to $254.00 and gave the company an “outperform” rating in a research note on Friday, September 13th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $220.50.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Monday, August 5th. The software maker reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.25. ANSYS had a net margin of 31.53% and a return on equity of 17.17%. The business had revenue of $370.51 million for the quarter, compared to analyst estimates of $338.31 million. During the same quarter in the previous year, the business earned $1.35 earnings per share. The firm’s revenue was up 20.0% compared to the same quarter last year. Sell-side analysts predict that ANSYS, Inc. will post 5.2 EPS for the current fiscal year.
In other news, VP Janet Lee sold 1,174 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $215.26, for a total transaction of $252,715.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.11% of the stock is owned by insiders.
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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