Martingale Asset Management L P grew its stake in ANSYS, Inc. (NASDAQ:ANSS) by 19.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,305 shares of the software maker’s stock after buying an additional 25,907 shares during the quarter. Martingale Asset Management L P’s holdings in ANSYS were worth $29,473,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of ANSS. Legal & General Group Plc raised its holdings in shares of ANSYS by 5.8% in the third quarter. Legal & General Group Plc now owns 451,865 shares of the software maker’s stock valued at $84,354,000 after purchasing an additional 24,677 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of ANSYS by 0.4% in the third quarter. Vanguard Group Inc now owns 8,770,380 shares of the software maker’s stock valued at $1,637,254,000 after purchasing an additional 34,911 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of ANSYS in the fourth quarter valued at approximately $69,000. BB&T Corp raised its holdings in shares of ANSYS by 8.3% in the fourth quarter. BB&T Corp now owns 23,867 shares of the software maker’s stock valued at $3,411,000 after purchasing an additional 1,831 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of ANSYS in the fourth quarter valued at approximately $4,820,000. Institutional investors and hedge funds own 93.20% of the company’s stock.
ANSS stock opened at $180.11 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.11 and a quick ratio of 2.11. ANSYS, Inc. has a one year low of $136.80 and a one year high of $197.05. The firm has a market cap of $15.12 billion, a price-to-earnings ratio of 34.57 and a beta of 1.36.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.02 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $319.91 million during the quarter, compared to analysts’ expectations of $306.17 million. During the same period in the previous year, the business posted $1.22 earnings per share. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that ANSYS, Inc. will post 5.07 earnings per share for the current fiscal year.
In other ANSYS news, VP Matthew C. Zack sold 1,116 shares of ANSYS stock in a transaction on Monday, April 29th. The shares were sold at an average price of $194.80, for a total transaction of $217,396.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shane Emswiler sold 7,570 shares of ANSYS stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $178.81, for a total transaction of $1,353,591.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,273 shares of company stock valued at $10,421,871. Company insiders own 1.11% of the company’s stock.
A number of brokerages recently weighed in on ANSS. Zacks Investment Research downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. BidaskClub upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Benchmark restated a “buy” rating and set a $210.00 target price (up from $203.00) on shares of ANSYS in a report on Friday, May 3rd. Finally, Wedbush restated an “outperform” rating and set a $221.00 target price (up from $201.00) on shares of ANSYS in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. ANSYS has an average rating of “Buy” and an average price target of $188.14.
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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