Ansys Inc. (ANSS) Stake Cut by Greenleaf Trust
Greenleaf Trust cut its stake in Ansys Inc. (NASDAQ:ANSS) by 9.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 128,482 shares of the company’s stock after selling 12,695 shares during the period. Ansys makes up 0.3% of Greenleaf Trust’s portfolio, making the stock its 17th largest position. Greenleaf Trust owned 0.15% of Ansys worth $11,660,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harvey Investment Co. LLC boosted its position in Ansys by 1.5% in the second quarter. Harvey Investment Co. LLC now owns 133,755 shares of the company’s stock valued at $12,138,000 after buying an additional 1,945 shares during the period. Montag & Caldwell LLC boosted its position in Ansys by 0.5% in the second quarter. Montag & Caldwell LLC now owns 7,852 shares of the company’s stock valued at $713,000 after buying an additional 40 shares during the period. Trillium Asset Management LLC boosted its position in Ansys by 2.8% in the second quarter. Trillium Asset Management LLC now owns 157,165 shares of the company’s stock valued at $14,263,000 after buying an additional 4,265 shares during the period. Huntington National Bank boosted its position 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. Finally, Papp L Roy & Associates boosted its position in Ansys by 12.3% in the second quarter. Papp L Roy & Associates now owns 10,722 shares of the company’s stock valued at $973,000 after buying an additional 1,172 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.
Shares of Ansys Inc. (NASDAQ:ANSS) traded up 0.96% during midday trading on Wednesday, hitting $92.62. 350,230 shares of the company traded hands. The stock’s 50-day moving average is $94.46 and its 200 day moving average is $90.64. Ansys Inc. has a 12-month low of $80.51 and a 12-month high of $98.99. The stock has a market capitalization of $8.08 billion, a P/E ratio of 32.15 and a beta of 0.99.
Ansys (NASDAQ:ANSS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.05. The firm earned $246.10 million during the quarter, compared to analysts’ expectations of $244.84 million. Ansys had a net margin of 27.06% and a return on equity of 13.33%. The business’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 earnings per share. On average, analysts expect that Ansys Inc. will post $3.62 earnings per share for the current year.
Several analysts recently commented on ANSS shares. Zacks Investment Research lowered shares of Ansys from a “hold” rating to a “sell” rating in a research note on Tuesday. Wedbush reissued a “neutral” rating and set a $86.00 target price on shares of Ansys in a research note on Thursday, July 28th. Evercore ISI reissued a “buy” rating on shares of Ansys in a research note on Friday, September 16th. Finally, Barclays PLC increased their target price on shares of Ansys from $86.00 to $94.00 and gave the company an “equal weight” rating in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Ansys has a consensus rating of “Hold” and a consensus target price of $90.71.
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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