State of Michigan Retirement System raised its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 12.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,954 shares of the software maker’s stock after acquiring an additional 2,354 shares during the period. State of Michigan Retirement System’s holdings in ANSYS were worth $6,405,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Guggenheim Capital LLC increased its stake in shares of ANSYS by 128.2% in the fourth quarter. Guggenheim Capital LLC now owns 30,042 shares of the software maker’s stock worth $7,733,000 after purchasing an additional 16,875 shares during the period. Jane Street Group LLC bought a new position in ANSYS in the 4th quarter worth approximately $290,000. Man Group plc lifted its holdings in shares of ANSYS by 191.4% during the fourth quarter. Man Group plc now owns 23,719 shares of the software maker’s stock worth $6,106,000 after buying an additional 15,580 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of ANSYS in the fourth quarter valued at approximately $11,326,000. Finally, Nuveen Asset Management LLC boosted its position in shares of ANSYS by 2.5% in the fourth quarter. Nuveen Asset Management LLC now owns 299,156 shares of the software maker’s stock valued at $77,006,000 after acquiring an additional 7,386 shares during the period. Institutional investors own 92.11% of the company’s stock.
Several equities analysts recently commented on ANSS shares. Barclays upped their target price on shares of ANSYS from $210.00 to $224.00 and gave the company an “underweight” rating in a research note on Monday, July 20th. Needham & Company LLC restated a “hold” rating on shares of ANSYS in a report on Thursday, May 7th. Wedbush increased their target price on shares of ANSYS from $280.00 to $308.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Royal Bank of Canada lifted their target price on ANSYS from $230.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $253.18.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.03. The company had revenue of $308.90 million for the quarter, compared to analyst estimates of $309.20 million. ANSYS had a return on equity of 13.73% and a net margin of 27.34%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.29 EPS. On average, research analysts expect that ANSYS, Inc. will post 4.78 EPS for the current year.
In other ANSYS news, Director Nicole Anasenes sold 1,050 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $283.49, for a total transaction of $297,664.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.58% of the company’s stock.
ANSYS Company Profile
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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