Allianz Asset Management GmbH acquired a new stake in ANSYS, Inc. (NASDAQ:ANSS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,456 shares of the software maker’s stock, valued at approximately $670,000.
Several other hedge funds have also added to or reduced their stakes in the company. 1st Global Advisors Inc. boosted its holdings in ANSYS by 0.8% during the second quarter. 1st Global Advisors Inc. now owns 2,364 shares of the software maker’s stock worth $288,000 after buying an additional 18 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in ANSYS by 7.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock worth $121,000 after buying an additional 69 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in ANSYS by 7.5% during the second quarter. Pacer Advisors Inc. now owns 1,655 shares of the software maker’s stock worth $201,000 after buying an additional 116 shares in the last quarter. Jacobson & Schmitt Advisors LLC boosted its holdings in ANSYS by 0.5% during the second quarter. Jacobson & Schmitt Advisors LLC now owns 40,452 shares of the software maker’s stock worth $4,922,000 after buying an additional 200 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. boosted its holdings in ANSYS by 8.4% during the second quarter. Cookson Peirce & Co. Inc. now owns 2,700 shares of the software maker’s stock worth $329,000 after buying an additional 210 shares in the last quarter. 96.67% of the stock is currently owned by institutional investors and hedge funds.
Shares of ANSYS, Inc. (ANSS) opened at $154.22 on Friday. ANSYS, Inc. has a 12-month low of $92.33 and a 12-month high of $156.14. The stock has a market cap of $13,090.00, a PE ratio of 48.50 and a beta of 1.07.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.10. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. The firm had revenue of $276.77 million during the quarter, compared to analysts’ expectations of $263.77 million. During the same period last year, the business earned $0.95 earnings per share. ANSYS’s revenue was up 12.6% compared to the same quarter last year. research analysts forecast that ANSYS, Inc. will post 3.57 EPS for the current fiscal year.
In other ANSYS news, Director Barbara Vaughn Scherer sold 1,000 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $150.00, for a total transaction 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 Richard S. Mahoney sold 8,527 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $17.84, for a total transaction of $152,121.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,031 shares of company stock valued at $2,960,730. 1.30% of the stock is currently owned by insiders.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a report on Tuesday, November 7th. Robert W. Baird set a $130.00 price objective on shares of ANSYS and gave the company a “buy” rating in a report on Sunday, October 1st. Citigroup assumed coverage on shares of ANSYS in a research report on Friday, September 22nd. They issued a “neutral” rating and a $125.00 target price for the company. Evercore ISI reiterated a “hold” rating and issued a $113.00 target price on shares of ANSYS in a research report on Thursday, November 2nd. Finally, Royal Bank of Canada increased their target price on shares of ANSYS from $130.00 to $147.00 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price 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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