ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by Cwm LLC
Cwm LLC raised its position in ANSYS, Inc. (NASDAQ:ANSS) by 161.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107 shares of the software maker’s stock after purchasing an additional 66 shares during the quarter. Cwm LLC’s holdings in ANSYS were worth $31,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Advisor Group Holdings Inc. acquired a new position in ANSYS in the 1st quarter valued at about $7,340,000. Private Trust Co. NA boosted its holdings in ANSYS by 60.9% in the 2nd quarter. Private Trust Co. NA now owns 4,668 shares of the software maker’s stock valued at $1,390,000 after purchasing an additional 1,767 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in ANSYS by 16.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 92,725 shares of the software maker’s stock valued at $21,556,000 after purchasing an additional 13,303 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in ANSYS by 2.5% in the 4th quarter. Nuveen Asset Management LLC now owns 299,156 shares of the software maker’s stock valued at $77,006,000 after purchasing an additional 7,386 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in ANSYS in the 1st quarter valued at about $1,132,000. Institutional investors own 92.11% of the company’s stock.
In related news, Director Nicole Anasenes sold 1,050 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $283.49, for a total transaction of $297,664.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.58% of the stock is owned by corporate insiders.
ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, May 6th. The software maker reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.03. ANSYS had a net margin of 27.34% and a return on equity of 13.73%. The firm had revenue of $308.90 million for the quarter, compared to the consensus estimate of $309.20 million. During the same period in the prior year, the firm earned $1.29 EPS. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. Research analysts forecast that ANSYS, Inc. will post 4.78 earnings per share for the current year.
Several equities analysts have weighed in on ANSS shares. Wedbush boosted their target price on shares of ANSYS from $280.00 to $308.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Needham & Company LLC reissued a “hold” rating on shares of ANSYS in a research note on Thursday, May 7th. Barclays boosted their price target on shares of ANSYS from $210.00 to $224.00 and gave the company an “underweight” rating in a research note on Monday, July 20th. Finally, Royal Bank of Canada boosted their price target on shares of ANSYS from $230.00 to $260.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $253.18.
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
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