Southeast Asset Advisors Inc. decreased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 16.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,077 shares of the software maker’s stock after selling 1,846 shares during the quarter. Southeast Asset Advisors Inc.’s holdings in ANSYS were worth $1,859,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in ANSS. Glassman Wealth Services lifted its position in shares of ANSYS by 128.9% during the 1st quarter. Glassman Wealth Services now owns 206 shares of the software maker’s stock worth $38,000 after buying an additional 116 shares during the period. Motco bought a new position in shares of ANSYS in the 2nd quarter worth $38,000. Ibex Wealth Advisors bought a new position in shares of ANSYS in the 2nd quarter worth $39,000. Icon Wealth Partners LLC bought a new position in ANSYS during the first quarter worth about $70,000. Finally, Johnson Financial Group Inc. bought a new position in ANSYS during the second quarter worth about $70,000. Hedge funds and other institutional investors own 93.64% of the company’s stock.
NASDAQ ANSS traded down $0.05 on Monday, reaching $212.08. The company had a trading volume of 26,815 shares, compared to its average volume of 511,497. The firm has a market cap of $17.75 billion, a price-to-earnings ratio of 40.72 and a beta of 1.41. ANSYS, Inc. has a fifty-two week low of $136.80 and a fifty-two week high of $219.86. The business has a 50 day moving average of $208.88 and a two-hundred day moving average of $195.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.24 and a quick ratio of 2.24.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Monday, August 5th. The software maker reported $1.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.25. The business had revenue of $370.51 million during the quarter, compared to the consensus estimate of $338.31 million. ANSYS had a return on equity of 17.17% and a net margin of 31.53%. ANSYS’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.35 earnings per share. As a group, research analysts predict that ANSYS, Inc. will post 5.2 earnings per share for the current fiscal year.
A number of research firms recently issued reports on ANSS. BidaskClub raised ANSYS from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. raised ANSYS from an “underweight” rating to a “neutral” rating and upped their target price for the company from $190.00 to $228.00 in a research report on Wednesday, September 11th. Citigroup assumed coverage on ANSYS in a research note on Monday, July 22nd. They issued a “buy” rating and a $250.00 price target for the company. Benchmark boosted their price target on ANSYS from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Finally, Griffin Securities upgraded ANSYS from a “neutral” rating to a “buy” rating and set a $240.00 target price for the company in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $221.00.
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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