Teacher Retirement System of Texas acquired a new stake in ANSYS, Inc. (NASDAQ:ANSS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,248 shares of the software maker’s stock, valued at approximately $1,380,000.
Several other institutional investors have also recently added to or reduced their stakes in ANSS. Creative Planning increased its position in ANSYS by 68.6% during the 2nd quarter. Creative Planning now owns 875 shares of the software maker’s stock valued at $106,000 after purchasing an additional 356 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in ANSYS by 7.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock valued at $121,000 after purchasing an additional 69 shares during the period. Parallax Volatility Advisers L.P. acquired a new stake in ANSYS during the 2nd quarter valued at approximately $138,000. Dupont Capital Management Corp acquired a new stake in ANSYS during the 2nd quarter valued at approximately $149,000. Finally, Fiduciary Trust Co. acquired a new stake in ANSYS during the 2nd quarter valued at approximately $170,000. 96.95% of the stock is owned by institutional investors.
In related news, Director Barbara Vaughn Scherer sold 1,000 shares of ANSYS stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $150.00, for a total value of $150,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mark Hindsbo sold 5,000 shares of ANSYS stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $151.70, for a total value of $758,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 18,504 shares of company stock valued at $2,808,608. 1.30% of the stock is currently owned by insiders.
Shares of ANSYS, Inc. (NASDAQ ANSS) traded up $1.59 during trading on Thursday, hitting $146.31. The stock had a trading volume of 339,810 shares, compared to its average volume of 551,979. ANSYS, Inc. has a 1 year low of $91.89 and a 1 year high of $155.14. The stock has a market cap of $12,172.39, a price-to-earnings ratio of 40.98 and a beta of 1.07.
ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.10. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The firm had revenue of $276.77 million during the quarter, compared to analyst estimates of $263.77 million. During the same period last year, the firm posted $0.95 EPS. The business’s revenue was up 12.6% compared to the same quarter last year. sell-side analysts expect that ANSYS, Inc. will post 3.57 earnings per share for the current fiscal year.
A number of research firms have issued reports on ANSS. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a report on Tuesday, October 3rd. Robert W. Baird set a $130.00 price target on ANSYS and gave the stock a “buy” rating in a report on Sunday, October 1st. Evercore ISI restated a “hold” rating and set a $113.00 price target on shares of ANSYS in a report on Wednesday, September 13th. Royal Bank Of Canada restated a “hold” rating and set a $118.00 price target on shares of ANSYS in a report on Monday, September 11th. Finally, Berenberg Bank initiated coverage on ANSYS in a report on Wednesday, August 23rd. They issued a “hold” rating and a $123.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $128.91.
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ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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