ANSYS, Inc. (ANSS) Holdings Increased by 1st Global Advisors Inc.
1st Global Advisors Inc. boosted its position in ANSYS, Inc. (NASDAQ:ANSS) by 0.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,364 shares of the software maker’s stock after acquiring an additional 18 shares during the period. 1st Global Advisors Inc.’s holdings in ANSYS were worth $288,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning grew its stake in ANSYS by 68.6% in the 2nd quarter. Creative Planning now owns 875 shares of the software maker’s stock worth $106,000 after acquiring an additional 356 shares during the period. Bronfman E.L. Rothschild L.P. grew its stake in ANSYS by 7.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock worth $121,000 after acquiring an additional 69 shares during the period. Parallax Volatility Advisers L.P. purchased a new stake in ANSYS in the 2nd quarter worth approximately $138,000. Dupont Capital Management Corp purchased a new stake in ANSYS in the 2nd quarter worth approximately $149,000. Finally, Global X Management Co. LLC grew its stake in ANSYS by 30.6% in the 1st quarter. Global X Management Co. LLC now owns 1,263 shares of the software maker’s stock worth $135,000 after acquiring an additional 296 shares during the period. 96.76% of the stock is owned by hedge funds and other institutional investors.
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Shares of ANSYS, Inc. (NASDAQ:ANSS) opened at 129.56 on Thursday. The stock’s 50 day moving average is $126.15 and its 200 day moving average is $122.20. The stock has a market capitalization of $10.98 billion, a PE ratio of 41.63 and a beta of 1.05. ANSYS, Inc. has a 52 week low of $82.28 and a 52 week high of $132.74.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.07. The firm had revenue of $264.30 million for the quarter, compared to analyst estimates of $259.75 million. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 EPS. Analysts anticipate that ANSYS, Inc. will post $3.87 EPS for the current fiscal year.
Several analysts have commented on ANSS shares. BidaskClub raised shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Robert W. Baird set a $130.00 target price on shares of ANSYS and gave the stock a “buy” rating in a research note on Monday, August 28th. Zacks Investment Research raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $139.00 target price for the company in a research note on Tuesday, October 3rd. Berenberg Bank started coverage on shares of ANSYS in a research note on Wednesday, August 23rd. They issued a “hold” rating and a $123.00 target price for the company. Finally, 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. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price 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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