Duality Advisers LP bought a new position in ANSYS, Inc. (NASDAQ:ANSS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,594 shares of the software maker’s stock, valued at approximately $1,924,000.
A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in ANSYS by 5.5% in the first quarter. BlackRock Inc. now owns 7,498,456 shares of the software maker’s stock valued at $1,743,164,000 after purchasing an additional 387,554 shares during the period. Aristotle Capital Management LLC grew its stake in shares of ANSYS by 1.1% during the first quarter. Aristotle Capital Management LLC now owns 3,863,237 shares of the software maker’s stock valued at $898,087,000 after acquiring an additional 41,922 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of ANSYS by 0.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,983,603 shares of the software maker’s stock valued at $693,598,000 after acquiring an additional 9,299 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of ANSYS by 3.9% during the first quarter. Geode Capital Management LLC now owns 1,595,445 shares of the software maker’s stock valued at $370,289,000 after acquiring an additional 59,218 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of ANSYS by 24.8% during the first quarter. Alliancebernstein L.P. now owns 832,880 shares of the software maker’s stock valued at $193,620,000 after acquiring an additional 165,437 shares in the last quarter. 92.11% of the stock is currently owned by institutional investors.
Several analysts have recently weighed in on ANSS shares. Wedbush raised their target price on ANSYS from $280.00 to $308.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Needham & Company LLC restated a “hold” rating on shares of ANSYS in a research note on Thursday, May 7th. Barclays raised their target price on ANSYS from $210.00 to $224.00 and gave the company an “underweight” rating in a research note on Monday, July 20th. Finally, Royal Bank of Canada lifted their price target on ANSYS from $230.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. ANSYS has a consensus rating of “Hold” and a consensus target price of $253.18.
ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, May 6th. The software maker reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.03. ANSYS had a return on equity of 13.73% and a net margin of 27.34%. The business had revenue of $308.90 million during the quarter, compared to analysts’ expectations of $309.20 million. During the same quarter last year, the business posted $1.29 earnings per share. The company’s quarterly revenue was down 3.5% on a year-over-year basis. Equities research analysts predict that ANSYS, Inc. will post 4.78 earnings per share for the current year.
In other ANSYS news, Director Nicole Anasenes sold 1,050 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $283.49, for a total value of $297,664.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.58% of the company’s stock.
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.
Further Reading: What Are Treasury Bonds?
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.com's FREE daily email newsletter.