Trillium Asset Management LLC Has $14,263,000 Position in Ansys Inc. (ANSS)
Trillium Asset Management LLC raised its stake in shares of Ansys Inc. (NASDAQ:ANSS) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,165 shares of the company’s stock after buying an additional 4,265 shares during the period. Trillium Asset Management LLC owned approximately 0.18% of Ansys worth $14,263,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Invictus RG purchased a new stake in Ansys during the first quarter valued at $137,000. Seven Eight Capital LLC purchased a new stake in Ansys during the first quarter valued at $215,000. Hartford Investment Management Co. raised its stake in Ansys by 2.3% in the second quarter. Hartford Investment Management Co. now owns 2,483 shares of the company’s stock valued at $225,000 after buying an additional 56 shares during the period. Diversified Trust Co raised its stake in Ansys by 8.7% in the second quarter. Diversified Trust Co now owns 2,500 shares of the company’s stock valued at $227,000 after buying an additional 200 shares during the period. Finally, Huntington National Bank raised its stake in Ansys by 21.6% in the second quarter. Huntington National Bank now owns 2,647 shares of the company’s stock valued at $240,000 after buying an additional 470 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.
Shares of Ansys Inc. (NASDAQ:ANSS) traded down 0.14% on Tuesday, hitting $91.74. 530,678 shares of the stock were exchanged. Ansys Inc. has a 1-year low of $80.51 and a 1-year high of $98.99. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 31.84 and a beta of 0.99. The stock’s 50-day moving average is $94.63 and its 200-day moving average is $90.61.
Ansys (NASDAQ:ANSS) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.05. The firm had revenue of $246.10 million for the quarter, compared to the consensus estimate of $244.84 million. Ansys had a net margin of 27.06% and a return on equity of 13.33%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 EPS. Analysts forecast that Ansys Inc. will post $3.62 earnings per share for the current year.
Several equities research analysts have recently issued reports on ANSS shares. Evercore ISI started coverage on shares of Ansys in a research report on Wednesday, September 14th. They set a “hold” rating and a $90.00 price objective for the company. Wedbush reissued a “neutral” rating and set a $88.00 price objective on shares of Ansys in a research report on Wednesday, August 31st. Zacks Investment Research downgraded shares of Ansys from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. Finally, Barclays PLC increased their price objective on shares of Ansys from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $90.71.
Ansys Company Profile
ANSYS, Inc develops and markets engineering simulation software and services used by engineers, designers and students across industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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