Stock Traders Purchase Large Volume of Call Options on ANSYS (ANSS)
ANSYS, Inc. (NASDAQ:ANSS) was the target of some unusual options trading activity on Friday. Investors purchased 736 call options on the company. This is an increase of Infinity compared to the average daily volume of 0 call options.
ANSYS (ANSS) opened at $151.93 on Wednesday. ANSYS has a fifty-two week low of $84.06 and a fifty-two week high of $155.14. The firm has a market cap of $12,910.00, a price-to-earnings ratio of 42.60 and a beta of 1.05.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, topping the consensus estimate of $0.95 by $0.10. The company had revenue of $276.77 million during the quarter, compared to analyst estimates of $263.77 million. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. ANSYS’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 earnings per share. analysts anticipate that ANSYS will post 3.7 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in ANSYS by 21.8% during the second quarter. Vanguard Group Inc. now owns 8,496,114 shares of the software maker’s stock worth $1,033,807,000 after buying an additional 1,520,201 shares during the period. FMR LLC boosted its stake in ANSYS by 0.7% during the second quarter. FMR LLC now owns 6,684,365 shares of the software maker’s stock worth $813,354,000 after buying an additional 45,211 shares during the period. State Street Corp boosted its stake in ANSYS by 20.9% during the second quarter. State Street Corp now owns 3,512,429 shares of the software maker’s stock worth $427,401,000 after buying an additional 607,765 shares during the period. Northern Trust Corp boosted its stake in ANSYS by 10.4% during the second quarter. Northern Trust Corp now owns 1,258,415 shares of the software maker’s stock worth $153,125,000 after buying an additional 118,630 shares during the period. Finally, Mawer Investment Management Ltd. boosted its stake in ANSYS by 0.6% during the second quarter. Mawer Investment Management Ltd. now owns 1,141,118 shares of the software maker’s stock worth $138,851,000 after buying an additional 6,540 shares during the period. 97.18% of the stock is owned by institutional investors.
A number of equities research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of ANSYS in a report on Friday, November 3rd. Evercore ISI reaffirmed a “hold” rating and set a $113.00 price objective on shares of ANSYS in a report on Thursday, November 2nd. Citigroup Inc. increased their price objective on shares of ANSYS from $125.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Robert W. Baird reaffirmed an “outperform” rating and set a $155.00 price objective (up from $130.00) on shares of ANSYS in a report on Friday, November 3rd. Finally, Royal Bank Of Canada increased their price objective on shares of ANSYS from $130.00 to $147.00 and gave the company a “sector perform” rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. ANSYS currently has an average rating of “Hold” and an average price target of $128.91.
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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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