Oak Ridge Investments LLC Has $12.81 Million Stake in ANSYS, Inc. (ANSS)
Oak Ridge Investments LLC grew its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 7.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,261 shares of the software maker’s stock after buying an additional 6,937 shares during the quarter. Oak Ridge Investments LLC owned 0.12% of ANSYS worth $12,808,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Capital Fund Management S.A. acquired a new position in shares of ANSYS during the second quarter valued at about $2,190,000. Alliancebernstein L.P. grew its holdings in shares of ANSYS by 105.0% during the second quarter. Alliancebernstein L.P. now owns 160,951 shares of the software maker’s stock valued at $19,585,000 after buying an additional 82,442 shares during the last quarter. Aberdeen Asset Management PLC UK grew its holdings in shares of ANSYS by 14.9% during the second quarter. Aberdeen Asset Management PLC UK now owns 101,499 shares of the software maker’s stock valued at $12,350,000 after buying an additional 13,156 shares during the last quarter. AXA acquired a new position in shares of ANSYS during the second quarter valued at about $677,000. Finally, Wells Fargo & Company MN grew its holdings in shares of ANSYS by 19.8% during the second quarter. Wells Fargo & Company MN now owns 172,798 shares of the software maker’s stock valued at $21,026,000 after buying an additional 28,506 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.
ANSYS, Inc. (NASDAQ:ANSS) traded up 0.09% on Monday, reaching $128.55. 82,451 shares of the company traded hands. The company has a market capitalization of $10.90 billion, a PE ratio of 41.31 and a beta of 1.07. ANSYS, Inc. has a one year low of $82.28 and a one year high of $131.63. The stock’s 50 day moving average price is $126.91 and its 200 day moving average price is $118.42.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. The firm had revenue of $264.30 million for the quarter, compared to the consensus estimate of $259.75 million. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. On average, equities research analysts predict that ANSYS, Inc. will post $3.86 EPS for the current fiscal year.
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A number of research analysts have recently issued reports on the stock. Evercore ISI set a $113.00 price objective on shares of ANSYS and gave the company a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded shares of ANSYS from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Robert W. Baird set a $130.00 price target on shares of ANSYS and gave the stock a “buy” rating in a report on Monday, August 28th. BidaskClub cut shares of ANSYS from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. Finally, Wedbush cut their price target on shares of ANSYS from $114.00 to $101.00 and set a “neutral” rating on the stock in a report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. ANSYS currently has an average rating of “Hold” and a consensus price target of $109.89.
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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