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.
WARNING: “First Citizens Bank & Trust Co. Purchases Shares of 1,247 ANSYS, Inc. (ANSS)” was originally reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://www.thelincolnianonline.com/2019/04/17/first-citizens-bank-trust-co-purchases-shares-of-1247-ansys-inc-anss.html.
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.
Featured Article: Market Capitalization – What it Means for Investors
Want to see what other hedge funds are holding ANSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANSYS, Inc. (NASDAQ:ANSS).
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.