Gotham Asset Management LLC Has $8.52 Million Stake in ANSYS, Inc. (ANSS)
Gotham Asset Management LLC lifted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 11.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,006 shares of the software maker’s stock after purchasing an additional 7,331 shares during the period. Gotham Asset Management LLC owned 0.08% of ANSYS worth $8,518,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of ANSS. BlackRock Inc. increased 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 worth $974,453,000 after purchasing an additional 8,952,318 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of ANSYS by 21.8% in the 2nd quarter. Vanguard Group Inc. now owns 8,496,114 shares of the software maker’s stock worth $1,033,807,000 after purchasing an additional 1,520,201 shares in the last quarter. Aristotle Capital Management LLC increased its stake in shares of ANSYS by 90.5% in the 1st quarter. Aristotle Capital Management LLC now owns 1,894,434 shares of the software maker’s stock worth $202,459,000 after purchasing an additional 899,793 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of ANSYS by 19.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 994,793 shares of the software maker’s stock worth $121,046,000 after purchasing an additional 165,174 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of ANSYS in the 2nd quarter worth $16,881,000. Hedge funds and other institutional investors own 96.78% of the company’s stock.
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Shares of ANSYS, Inc. (ANSS) traded down 0.25% during midday trading on Monday, reaching $125.75. The company’s stock had a trading volume of 29,176 shares. The stock has a 50-day moving average of $125.82 and a 200 day moving average of $120.82. ANSYS, Inc. has a 12-month low of $82.28 and a 12-month high of $132.74. The firm has a market capitalization of $10.66 billion, a P/E ratio of 40.41 and a beta of 1.05.
ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.99 EPS for the quarter, topping analysts’ consensus estimates 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%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 earnings per share. Equities research analysts predict that ANSYS, Inc. will post $3.87 EPS for the current fiscal year.
ANSS has been the subject of several analyst reports. Zacks Investment Research lowered ANSYS from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Barclays PLC reduced their price objective on ANSYS from $115.00 to $113.00 and set an “underweight” rating for the company in a research note on Friday, September 15th. Wedbush restated a “neutral” rating and issued a $129.19 price objective (up from $114.00) on shares of ANSYS in a research note on Friday, September 15th. BidaskClub lowered ANSYS from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $118.00 price objective on shares of ANSYS in a research note on Monday, September 11th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $116.68.
ANSYS Company Profile
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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