ANSYS, Inc. (ANSS) is Dorsey Asset Management LLC’s 7th Largest Position
Dorsey Asset Management LLC continued to hold its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,651 shares of the software maker’s stock at the end of the second quarter. ANSYS accounts for approximately 8.9% of Dorsey Asset Management LLC’s investment portfolio, making the stock its 7th largest position. Dorsey Asset Management LLC owned 0.18% of ANSYS worth $18,940,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of ANSS. Bares Capital Management Inc. raised its stake in shares of ANSYS by 4.3% in the first quarter. Bares Capital Management Inc. now owns 1,043,967 shares of the software maker’s stock worth $111,569,000 after buying an additional 43,402 shares during the period. Arxis Securities LLC bought a new stake in shares of ANSYS during the first quarter worth about $1,405,000. Exxonmobil Investment Management Inc. TX bought a new stake in shares of ANSYS during the second quarter worth about $1,997,000. NN Investment Partners Holdings N.V. raised its stake in shares of ANSYS by 19,186.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 130,570 shares of the software maker’s stock worth $15,888,000 after buying an additional 129,893 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of ANSYS by 3.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,308 shares of the software maker’s stock worth $231,000 after buying an additional 74 shares during the period. 96.87% of the stock is owned by institutional investors.
ANSYS, Inc. (NASDAQ:ANSS) traded down 1.09% during midday trading on Tuesday, hitting $126.25. 33,024 shares of the company traded hands. The stock’s 50-day moving average is $125.90 and its 200-day moving average is $116.22. The firm has a market capitalization of $10.70 billion, a PE ratio of 40.57 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 announced its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.07. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The business had revenue of $264.30 million during the quarter, compared to analyst estimates of $259.75 million. During the same quarter in the previous year, the business posted $0.93 EPS. ANSYS’s quarterly revenue was up 7.4% on a year-over-year basis. Analysts anticipate that ANSYS, Inc. will post $3.86 EPS for the current fiscal year.
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ANSS has been the subject of several analyst reports. Citigroup Inc. lowered shares of ANSYS from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $112.00 to $114.00 in a research note on Thursday, May 4th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of ANSYS in a research note on Monday, July 17th. They issued a “neutral” rating and a $112.00 price objective for the company. Berenberg Bank initiated coverage on shares of ANSYS in a research note on Wednesday, August 23rd. They issued a “hold” rating and a $123.00 price objective for the company. Zacks Investment Research lowered shares of ANSYS from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Barclays PLC reduced their price objective on shares of ANSYS from $115.00 to $96.00 and set an “underweight” rating for the company in a research note on Monday, May 15th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $109.89.
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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