978,495 Shares in ANSYS, Inc. (ANSS) Acquired by Koch Industries Inc.
Koch Industries Inc. acquired a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 978,495 shares of the software maker’s stock, valued at approximately $971,000. Koch Industries Inc. owned 1.15% of ANSYS as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in ANSS. Vanguard Group Inc. grew its stake 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 valued at $1,033,807,000 after buying an additional 1,520,201 shares during the period. Aristotle Capital Management LLC boosted its position in 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 purchasing an additional 899,793 shares during the period. State Street Corp boosted its position in ANSYS by 20.9% during the 2nd quarter. State Street Corp now owns 3,512,429 shares of the software maker’s stock worth $427,401,000 after purchasing an additional 607,765 shares during the period. Goldman Sachs Group Inc. boosted its position in 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 purchasing an additional 165,174 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in ANSYS during the 2nd quarter worth $16,881,000. 96.78% of the stock is owned by institutional investors.
A number of brokerages recently weighed in on ANSS. Zacks Investment Research cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Citigroup Inc. began coverage on shares of ANSYS in a research report on Friday, September 22nd. They set a “neutral” rating and a $125.00 price target for the company. BidaskClub cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Barclays PLC decreased their price target on shares of ANSYS from $115.00 to $113.00 and set an “underweight” rating for the company in a research report on Friday, September 15th. Finally, J P Morgan Chase & Co reaffirmed a “sell” rating and set a $98.00 price target on shares of ANSYS in a research report on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $116.68.
ANSYS, Inc. (ANSS) traded up 0.72% during trading on Friday, reaching $130.17. 91,885 shares of the company’s stock were exchanged. The company’s 50-day moving average is $125.82 and its 200-day moving average is $121.41. The company has a market capitalization of $11.03 billion, a PE ratio of 41.83 and a beta of 1.05. ANSYS, Inc. has a 1-year low of $82.28 and a 1-year high of $132.74.
ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The business had revenue of $264.30 million for the quarter, compared to analyst estimates of $259.75 million. During the same period last year, the business posted $0.93 EPS. ANSYS’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts expect that ANSYS, Inc. will post $3.87 earnings per share for the current fiscal year.
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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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