Garrison Asset Management LLC cut its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.2% in the 1st quarter, Holdings Channel reports. The firm owned 27,443 shares of the software maker’s stock after selling 621 shares during the period. ANSYS makes up approximately 2.7% of Garrison Asset Management LLC’s portfolio, making the stock its 5th largest holding. Garrison Asset Management LLC’s holdings in ANSYS were worth $5,014,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in ANSS. Vanguard Group Inc lifted its position in ANSYS by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 8,770,380 shares of the software maker’s stock worth $1,637,254,000 after buying an additional 34,911 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in ANSYS by 7.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,953,093 shares of the software maker’s stock worth $422,116,000 after buying an additional 206,347 shares in the last quarter. Principal Financial Group Inc. lifted its position in ANSYS by 10.0% in the 4th quarter. Principal Financial Group Inc. now owns 2,049,950 shares of the software maker’s stock worth $293,020,000 after buying an additional 186,051 shares in the last quarter. Morgan Stanley lifted its position in ANSYS by 0.8% in the 3rd quarter. Morgan Stanley now owns 1,444,181 shares of the software maker’s stock worth $269,599,000 after buying an additional 11,718 shares in the last quarter. Finally, Northern Trust Corp lifted its position in ANSYS by 1.1% in the 4th quarter. Northern Trust Corp now owns 1,149,516 shares of the software maker’s stock worth $164,311,000 after buying an additional 12,917 shares in the last quarter. 93.75% of the stock is owned by institutional investors and hedge funds.
In related news, VP Richard S. Mahoney sold 2,041 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $174.15, for a total value of $355,440.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Maria T. Shields sold 13,704 shares of the firm’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $182.23, for a total transaction of $2,497,279.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,676 shares of company stock worth $10,658,783. 1.11% of the stock is currently owned by company insiders.
Shares of ANSS traded up $0.35 during mid-day trading on Wednesday, hitting $186.38. 2,057 shares of the company’s stock were exchanged, compared to its average volume of 425,008. ANSYS, Inc. has a twelve month low of $136.80 and a twelve month high of $197.05. The firm has a market cap of $15.44 billion, a price-to-earnings ratio of 35.81 and a beta of 1.36. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.03.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.11. ANSYS had a net margin of 31.73% and a return on equity of 17.08%. The company had revenue of $319.91 million for the quarter, compared to analyst estimates of $306.17 million. During the same quarter in the prior year, the business posted $1.22 EPS. ANSYS’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, research analysts predict that ANSYS, Inc. will post 5.07 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of ANSYS from a “hold” rating to a “strong-buy” rating and set a $223.00 target price for the company in a research report on Tuesday, April 30th. Evercore ISI reiterated a “hold” rating and issued a $155.00 target price on shares of ANSYS in a research report on Thursday, May 2nd. Citigroup increased their target price on shares of ANSYS from $203.00 to $212.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. BidaskClub lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, Benchmark restated a “buy” rating and set a $210.00 price target (up previously from $203.00) on shares of ANSYS in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $188.14.
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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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