Bainco International Investors increased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,427 shares of the software maker’s stock after acquiring an additional 570 shares during the period. Bainco International Investors’ holdings in ANSYS were worth $4,311,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Aviva PLC lifted its stake in ANSYS by 2.9% in the 2nd quarter. Aviva PLC now owns 51,933 shares of the software maker’s stock worth $6,317,000 after acquiring an additional 1,440 shares in the last quarter. Bares Capital Management Inc. lifted its stake in ANSYS by 4.3% in the 1st quarter. Bares Capital Management Inc. now owns 1,043,967 shares of the software maker’s stock worth $111,569,000 after acquiring an additional 43,402 shares in the last quarter. Arxis Securities LLC purchased a new stake in ANSYS in the 1st quarter worth about $1,405,000. NN Investment Partners Holdings N.V. lifted its stake in ANSYS by 19,186.6% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 130,570 shares of the software maker’s stock worth $15,888,000 after acquiring an additional 129,893 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX purchased a new stake in ANSYS in the 2nd quarter worth about $1,997,000. 96.87% of the stock is owned by hedge funds and other institutional investors.
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ANSYS, Inc. (NASDAQ ANSS) traded up 0.95% during midday trading on Tuesday, hitting $131.04. The stock had a trading volume of 136,389 shares. The firm has a market cap of $11.11 billion, a P/E ratio of 42.11 and a beta of 1.07. The stock has a 50-day moving average of $126.91 and a 200-day moving average of $118.52. ANSYS, Inc. has a 52 week low of $82.28 and a 52 week high of $131.63.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. The company had revenue of $264.30 million for the quarter, compared to analyst estimates of $259.75 million. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 earnings per share. Analysts forecast that ANSYS, Inc. will post $3.86 EPS for the current fiscal year.
ANSS has been the subject of several research analyst reports. Zacks Investment Research downgraded ANSYS from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Barclays PLC reduced their price objective on ANSYS from $115.00 to $96.00 and set an “underweight” rating for the company in a research note on Monday, May 15th. BidaskClub downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Goldman Sachs Group, Inc. (The) initiated coverage on ANSYS in a research note on Monday, July 17th. They issued a “neutral” rating and a $112.00 price objective for the company. Finally, Wedbush reduced their price objective on ANSYS from $114.00 to $101.00 and set a “neutral” rating for the company in a research note on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $110.70.
ANSYS Company Profile
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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