Fred Alger Management Inc. Has $8.05 Million Stake in ANSYS, Inc. (ANSS)
Fred Alger Management Inc. lifted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 20.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 66,137 shares of the software maker’s stock after acquiring an additional 11,330 shares during the period. Fred Alger Management Inc. owned approximately 0.08% of ANSYS worth $8,048,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in ANSS. BlackRock Inc. lifted its holdings in shares of ANSYS by 5,399.5% during the 1st quarter. BlackRock Inc. now owns 9,118,117 shares of the software maker’s stock worth $974,453,000 after acquiring an additional 8,952,318 shares during the period. Vanguard Group Inc. lifted its holdings in shares of ANSYS by 21.8% during the 2nd quarter. Vanguard Group Inc. now owns 8,496,114 shares of the software maker’s stock worth $1,033,807,000 after acquiring an additional 1,520,201 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of ANSYS by 54.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,806,833 shares of the software maker’s stock worth $299,966,000 after acquiring an additional 987,326 shares during the period. Aristotle Capital Management LLC lifted its holdings in shares of ANSYS by 90.5% during the 1st quarter. Aristotle Capital Management LLC now owns 1,894,434 shares of the software maker’s stock worth $202,459,000 after acquiring an additional 899,793 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of ANSYS by 19.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 994,793 shares of the software maker’s stock worth $121,046,000 after acquiring an additional 165,174 shares during the period. 96.78% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION WARNING: “Fred Alger Management Inc. Has $8.05 Million Stake in ANSYS, Inc. (ANSS)” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/10/06/fred-alger-management-inc-has-8-05-million-stake-in-ansys-inc-anss.html.
ANSS has been the subject of a number of analyst reports. BidaskClub downgraded shares of ANSYS from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. Robert W. Baird set a $130.00 price objective on shares of ANSYS and gave the stock a “buy” rating in a report on Monday, August 28th. Zacks Investment Research raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a report on Tuesday. Berenberg Bank started coverage on shares of ANSYS in a report on Wednesday, August 23rd. They set a “hold” rating and a $123.00 price target for the company. Finally, Evercore ISI set a $113.00 price target on shares of ANSYS and gave the company a “hold” rating in a report on Saturday, June 10th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $116.68.
ANSYS, Inc. (NASDAQ ANSS) opened at 124.75 on Friday. The company’s 50-day moving average is $125.80 and its 200 day moving average is $120.68. ANSYS, Inc. has a one year low of $82.28 and a one year high of $132.74. The company has a market capitalization of $10.57 billion, a P/E ratio of 40.09 and a beta of 1.05.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data 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. The business had revenue of $264.30 million during the quarter, compared to analysts’ expectations of $259.75 million. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. ANSYS’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 earnings per share. Analysts predict that ANSYS, Inc. will post $3.87 EPS 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.
Want to see what other hedge funds are holding ANSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANSYS, Inc. (NASDAQ:ANSS).
Receive News & Stock Ratings for ANSYS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS Inc. and related stocks with our FREE daily email newsletter.