OxFORD Asset Management LLP Buys Shares of 12,217 ANSYS, Inc. (ANSS)
OxFORD Asset Management LLP bought a new position in ANSYS, Inc. (NASDAQ:ANSS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,217 shares of the software maker’s stock, valued at approximately $1,487,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of ANSS. UBS Asset Management Americas Inc. grew its holdings in shares of ANSYS by 7.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 380,150 shares of the software maker’s stock worth $40,627,000 after purchasing an additional 24,987 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of ANSYS by 2.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,539 shares of the software maker’s stock worth $164,000 after purchasing an additional 44 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of ANSYS by 111.0% in the 1st quarter. JPMorgan Chase & Co. now owns 48,884 shares of the software maker’s stock worth $5,224,000 after purchasing an additional 25,719 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of ANSYS by 36.9% in the 1st quarter. Victory Capital Management Inc. now owns 14,483 shares of the software maker’s stock worth $1,548,000 after purchasing an additional 3,906 shares during the last quarter. Finally, OppenheimerFunds Inc. bought a new stake in shares of ANSYS in the 1st quarter worth about $247,000. 96.78% of the stock is currently owned by institutional investors and hedge funds.
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Shares of ANSYS, Inc. (ANSS) opened at 126.18 on Wednesday. The firm’s 50-day moving average is $125.82 and its 200-day moving average is $121.32. The company has a market cap of $10.70 billion, a price-to-earnings ratio of 40.55 and a beta of 1.05. ANSYS, Inc. has a one year low of $82.28 and a one year high of $132.74.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.07. The firm had revenue of $264.30 million for 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 company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 EPS. Analysts expect that ANSYS, Inc. will post $3.87 EPS for the current fiscal year.
Several research firms have recently weighed in on ANSS. Evercore ISI reaffirmed a “hold” rating and issued a $113.00 target price on shares of ANSYS in a report on Wednesday, September 13th. Wedbush reaffirmed a “neutral” rating and issued a $129.19 target price (up previously from $114.00) on shares of ANSYS in a report on Friday, September 15th. 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 report on Friday, September 15th. Berenberg Bank began coverage on shares of ANSYS in a report on Wednesday, August 23rd. They issued a “hold” rating and a $123.00 target price on the stock. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $118.00 target price on shares of ANSYS in a report on Monday, September 11th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $116.68.
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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