Alliancebernstein L.P. raised its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 105.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,951 shares of the software maker’s stock after buying an additional 82,442 shares during the quarter. Alliancebernstein L.P. owned about 0.19% of ANSYS worth $19,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Strs Ohio grew its holdings in shares of ANSYS by 2.1% in the first quarter. Strs Ohio now owns 6,927 shares of the software maker’s stock valued at $740,000 after purchasing an additional 141 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of ANSYS by 133.9% in the first quarter. First Trust Advisors LP now owns 62,739 shares of the software maker’s stock valued at $6,705,000 after purchasing an additional 35,920 shares in the last quarter. World Asset Management Inc grew its holdings in shares of ANSYS by 4.0% in the first quarter. World Asset Management Inc now owns 5,528 shares of the software maker’s stock valued at $591,000 after purchasing an additional 214 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of ANSYS by 7.0% in the first quarter. UBS Asset Management Americas Inc. now owns 380,150 shares of the software maker’s stock valued at $40,627,000 after purchasing an additional 24,987 shares in the last quarter. Finally, Meadow Creek Investment Management LLC grew its holdings in shares of ANSYS by 7.3% in the first quarter. Meadow Creek Investment Management LLC now owns 2,592 shares of the software maker’s stock valued at $277,000 after purchasing an additional 176 shares in the last quarter. 96.78% of the stock is owned by institutional investors and hedge funds.

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A number of research analysts recently weighed in on the stock. Citigroup Inc. assumed coverage on shares of ANSYS in a report on Friday. They issued a “neutral” rating and a $125.00 target price for the company. J P Morgan Chase & Co reissued a “sell” rating and issued a $98.00 target price on shares of ANSYS in a report on Tuesday. Evercore ISI set a $113.00 target price on shares of ANSYS and gave the company a “hold” rating in a report on Saturday, June 10th. Berenberg Bank assumed coverage on shares of ANSYS in a report on Wednesday, August 23rd. They issued a “hold” rating and a $123.00 target price for the company. Finally, Zacks Investment Research raised shares of ANSYS from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Two equities 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 issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $114.65.

Shares of ANSYS, Inc. (NASDAQ:ANSS) opened at 122.05 on Friday. The company has a 50-day moving average price of $126.78 and a 200-day moving average price of $119.49. The company has a market capitalization of $10.34 billion, a P/E ratio of 39.22 and a beta of 1.07. ANSYS, Inc. has a 12 month low of $82.28 and a 12 month high of $132.74.

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

About ANSYS

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.

Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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