Cigna Investments Inc. New cut its stake in ANSYS, Inc. (NASDAQ:ANSS) by 7.9% during the second quarter, Holdings Channel reports. The fund owned 3,390 shares of the software maker’s stock after selling 289 shares during the period. Cigna Investments Inc. New’s holdings in ANSYS were worth $412,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of ANSYS by 5,399.5% in the first quarter. BlackRock Inc. now owns 9,118,117 shares of the software maker’s stock valued at $974,453,000 after buying an additional 8,952,318 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of ANSYS by 54.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,806,833 shares of the software maker’s stock valued at $299,966,000 after buying an additional 987,326 shares during the last quarter. Aristotle Capital Management LLC boosted its position in shares of ANSYS by 90.5% in the first quarter. Aristotle Capital Management LLC now owns 1,894,434 shares of the software maker’s stock valued at $202,459,000 after buying an additional 899,793 shares during the last quarter. KAMES CAPITAL plc boosted its position in shares of ANSYS by 1,628.6% in the first quarter. KAMES CAPITAL plc now owns 712,016 shares of the software maker’s stock valued at $76,086,000 after buying an additional 670,825 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of ANSYS by 2.6% in the first quarter. Vanguard Group Inc. now owns 6,975,913 shares of the software maker’s stock valued at $745,515,000 after buying an additional 174,087 shares during the last quarter. Institutional investors own 98.32% of the company’s stock.

Shares of ANSYS, Inc. (NASDAQ ANSS) opened at 125.52 on Friday. The company’s 50 day moving average is $124.96 and its 200 day moving average is $114.80. The firm has a market capitalization of $10.64 billion, a PE ratio of 40.33 and a beta of 1.10. ANSYS, Inc. has a 12-month low of $82.28 and a 12-month high of $131.63.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.07. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The firm had revenue of $264.30 million during the quarter, compared to the consensus estimate of $259.75 million. During the same quarter in the prior year, the firm posted $0.93 EPS. The business’s revenue was up 7.4% on a year-over-year basis. On average, analysts forecast that ANSYS, Inc. will post $3.86 earnings per share for the current year.

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Several research analysts have commented on ANSS shares. Citigroup Inc. cut shares of ANSYS from a “buy” rating to a “neutral” rating and raised their target price for the stock from $112.00 to $114.00 in a report on Thursday, May 4th. Zacks Investment Research cut shares of ANSYS from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Barclays PLC decreased their price target on shares of ANSYS from $115.00 to $96.00 and set an “underweight” rating for the company in a report on Monday, May 15th. BidaskClub cut shares of ANSYS from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Mitsubishi UFJ Financial Group cut shares of ANSYS from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $112.00 to $114.00 in a report on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $105.75.

In other ANSYS news, Director Patrick J. Zilvitis sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $124.00, for a total transaction of $248,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Thurk sold 4,800 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $123.95, for a total value of $594,960.00. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

ANSYS Company Profile

ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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