Contravisory Investment Management Inc. Cuts Stake in Ansys Inc. (ANSS)
Contravisory Investment Management Inc. decreased its position in Ansys Inc. (NASDAQ:ANSS) by 4.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,805 shares of the company’s stock after selling 3,528 shares during the period. Contravisory Investment Management Inc. owned about 0.08% of Ansys worth $6,279,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in ANSS. BlackRock Fund Advisors raised its position in shares of Ansys by 23.6% in the second quarter. BlackRock Fund Advisors now owns 4,258,345 shares of the company’s stock worth $386,445,000 after buying an additional 813,593 shares during the period. Ownership Capital B.V. acquired a new stake in Ansys during the second quarter worth $29,979,000. BlackRock Institutional Trust Company N.A. increased its stake in Ansys by 8.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,906,491 shares of the company’s stock worth $263,764,000 after buying an additional 236,716 shares in the last quarter. Atlanta Capital Management Co. L L C increased its stake in Ansys by 5.0% in the second quarter. Atlanta Capital Management Co. L L C now owns 4,286,068 shares of the company’s stock worth $388,961,000 after buying an additional 204,486 shares in the last quarter. Finally, Mawer Investment Management Ltd. increased its stake in Ansys by 34.9% in the second quarter. Mawer Investment Management Ltd. now owns 745,151 shares of the company’s stock worth $67,622,000 after buying an additional 192,758 shares in the last quarter. 95.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ansys Inc. (NASDAQ:ANSS) traded down 0.18% on Friday, reaching $93.36. 522,017 shares of the company traded hands. Ansys Inc. has a one year low of $80.51 and a one year high of $98.99. The firm’s 50 day moving average is $90.39 and its 200 day moving average is $90.85. The company has a market capitalization of $8.14 billion, a P/E ratio of 32.41 and a beta of 0.99.
Ansys (NASDAQ:ANSS) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.03. Ansys had a return on equity of 13.39% and a net margin of 27.20%. The business had revenue of $245.90 million for the quarter, compared to analysts’ expectations of $249.89 million. During the same quarter in the prior year, the business earned $0.90 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts expect that Ansys Inc. will post $3.61 earnings per share for the current fiscal year.
A number of research firms have weighed in on ANSS. Pacific Crest reiterated a “hold” rating on shares of Ansys in a research note on Friday, November 4th. Wedbush reiterated a “neutral” rating and set a $88.00 price target on shares of Ansys in a research note on Friday, November 4th. Zacks Investment Research downgraded shares of Ansys from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. JPMorgan Chase & Co. downgraded shares of Ansys from a “neutral” rating to an “underweight” rating in a research note on Thursday, November 3rd. Finally, Evercore ISI reiterated a “buy” rating on shares of Ansys in a research note on Friday, September 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $90.13.
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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