Nicholas Company Inc. Sells 51,505 Shares of ANSYS, Inc. (ANSS)
Nicholas Company Inc. decreased its position in ANSYS, Inc. (NASDAQ:ANSS) by 37.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,620 shares of the software maker’s stock after selling 51,505 shares during the quarter. Nicholas Company Inc. owned 0.10% of ANSYS worth $10,418,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of ANSYS by 5,399.5% in the 1st quarter. BlackRock Inc. now owns 9,118,117 shares of the software maker’s stock valued at $974,453,000 after purchasing an additional 8,952,318 shares during the period. Vanguard Group Inc. raised its stake in shares of ANSYS by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 6,975,913 shares of the software maker’s stock valued at $745,515,000 after purchasing an additional 174,087 shares during the period. Brown Capital Management LLC raised its stake in shares of ANSYS by 1.9% in the 1st quarter. Brown Capital Management LLC now owns 3,105,179 shares of the software maker’s stock valued at $331,850,000 after purchasing an additional 56,972 shares during the period. State Street Corp raised its stake in shares of ANSYS by 1.2% in the 1st quarter. State Street Corp now owns 2,904,664 shares of the software maker’s stock valued at $310,415,000 after purchasing an additional 33,032 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of ANSYS by 54.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,806,833 shares of the software maker’s stock valued at $299,966,000 after purchasing an additional 987,326 shares during the period. 96.87% of the stock is currently owned by hedge funds and other institutional investors.
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ANSS has been the topic of several recent research reports. Goldman Sachs Group, Inc. (The) initiated coverage on ANSYS in a research note on Monday, July 17th. They issued a “neutral” rating and a $112.00 price target on the stock. Robert W. Baird set a $130.00 price target on ANSYS and gave the company a “buy” rating in a research note on Monday, August 28th. Wedbush restated a “neutral” rating and issued a $129.19 price objective (up previously from $114.00) on shares of ANSYS in a report on Friday. Berenberg Bank initiated coverage on ANSYS in a report on Wednesday, August 23rd. They issued a “hold” rating and a $123.00 price objective for the company. Finally, Zacks Investment Research cut ANSYS from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $115.22.
ANSYS, Inc. (ANSS) traded down 5.68% during trading on Friday, reaching $121.82. The company had a trading volume of 1,769,615 shares. ANSYS, Inc. has a one year low of $82.28 and a one year high of $132.07. The company has a 50-day moving average price of $127.10 and a 200 day moving average price of $119.07. The company has a market capitalization of $10.33 billion, a price-to-earnings ratio of 39.15 and a beta of 1.07.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.07. The firm had revenue of $264.30 million during the quarter, compared to analyst estimates of $259.75 million. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. Analysts expect that ANSYS, Inc. will post $3.86 earnings per share for the current year.
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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