Prudential PLC trimmed its position in ANSYS, Inc. (NASDAQ:ANSS) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,823 shares of the software maker’s stock after selling 6,206 shares during the quarter. Prudential PLC owned approximately 0.22% of ANSYS worth $22,976,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ANSS. Creative Planning lifted its holdings in shares of ANSYS by 68.6% in the second quarter. Creative Planning now owns 875 shares of the software maker’s stock worth $106,000 after buying an additional 356 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of ANSYS by 7.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock worth $121,000 after buying an additional 69 shares in the last quarter. Global X Management Co. LLC lifted its holdings in shares of ANSYS by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,263 shares of the software maker’s stock worth $135,000 after buying an additional 296 shares in the last quarter. Parallax Volatility Advisers L.P. purchased a new stake in shares of ANSYS in the second quarter worth about $138,000. Finally, Dupont Capital Management Corp purchased a new stake in shares of ANSYS in the second quarter worth about $149,000. 96.78% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities research analysts have recently issued reports on ANSS shares. Zacks Investment Research raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a report on Tuesday. Evercore ISI reaffirmed a “hold” rating and issued a $113.00 target price on shares of ANSYS in a research note on Wednesday, September 13th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of ANSYS in a research note on Monday, July 17th. They issued a “neutral” rating and a $112.00 target price on the stock. J P Morgan Chase & Co reaffirmed a “sell” rating and issued a $98.00 target price on shares of ANSYS in a research note on Tuesday, September 19th. Finally, Barclays PLC lowered their target price on shares of ANSYS from $115.00 to $113.00 and set an “underweight” rating on the stock in a research note on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $116.68.

ANSYS, Inc. (NASDAQ:ANSS) traded down 0.43% on Friday, hitting $124.70. 37,131 shares of the company’s stock traded hands. ANSYS, Inc. has a 12 month low of $82.28 and a 12 month high of $132.74. The stock has a market cap of $10.57 billion, a P/E ratio of 40.07 and a beta of 1.05. The stock has a 50 day moving average price of $125.80 and a 200-day moving average price of $120.68.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.07. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The business had revenue of $264.30 million during the quarter, compared to the consensus estimate of $259.75 million. During the same period in the prior year, the company posted $0.93 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts predict that ANSYS, Inc. will post $3.87 earnings per share 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.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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