First Citizens Bank & Trust Co. Purchases Shares of 1,247 ANSYS, Inc. (ANSS)

First Citizens Bank & Trust Co. purchased a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,247 shares of the software maker’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in ANSYS in the 3rd quarter valued at $640,000. First Republic Investment Management Inc. grew its holdings in ANSYS by 24.6% in the 3rd quarter. First Republic Investment Management Inc. now owns 5,615 shares of the software maker’s stock valued at $1,048,000 after buying an additional 1,107 shares in the last quarter. Deutsche Bank AG grew its holdings in ANSYS by 15.2% in the 3rd quarter. Deutsche Bank AG now owns 135,415 shares of the software maker’s stock valued at $25,276,000 after buying an additional 17,819 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of ANSYS by 25.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,800 shares of the software maker’s stock valued at $896,000 after purchasing an additional 979 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of ANSYS by 15.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 16,418 shares of the software maker’s stock valued at $3,065,000 after purchasing an additional 2,236 shares during the last quarter. Hedge funds and other institutional investors own 94.16% of the company’s stock.

In other ANSYS news, VP Shane Emswiler sold 7,570 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $178.81, for a total value of $1,353,591.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ajei Gopal sold 9,023 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $186.00, for a total value of $1,678,278.00. The disclosure for this sale can be found here. Insiders sold a total of 61,060 shares of company stock worth $11,042,442 in the last ninety days. 1.10% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on the company. Zacks Investment Research raised ANSYS from a “hold” rating to a “buy” rating and set a $199.00 price target on the stock in a research note on Tuesday, March 26th. BidaskClub raised ANSYS from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $182.31.

ANSS stock opened at $189.40 on Wednesday. The stock has a market capitalization of $15.93 billion, a price-to-earnings ratio of 36.35 and a beta of 1.35. ANSYS, Inc. has a 1 year low of $136.80 and a 1 year high of $190.50.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, February 27th. The software maker reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.57. The company had revenue of $340.07 million for the quarter, compared to analyst estimates of $365.03 million. ANSYS had a return on equity of 17.83% and a net margin of 32.42%. ANSYS’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 EPS. Equities research analysts expect that ANSYS, Inc. will post 4.99 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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