Skandinaviska Enskilda Banken AB publ Trims Holdings in ANSYS, Inc. (ANSS)

Skandinaviska Enskilda Banken AB publ lowered its position in ANSYS, Inc. (NASDAQ:ANSS) by 6.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,390 shares of the software maker’s stock after selling 800 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in ANSYS were worth $2,313,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Morgan Stanley increased its holdings in shares of ANSYS by 229.2% in the second quarter. Morgan Stanley now owns 1,432,463 shares of the software maker’s stock valued at $249,507,000 after purchasing an additional 997,328 shares during the period. Acadian Asset Management LLC increased its holdings in shares of ANSYS by 82.9% in the second quarter. Acadian Asset Management LLC now owns 296,070 shares of the software maker’s stock valued at $51,571,000 after purchasing an additional 134,151 shares during the period. Janus Henderson Group PLC increased its holdings in shares of ANSYS by 16.9% in the second quarter. Janus Henderson Group PLC now owns 672,081 shares of the software maker’s stock valued at $117,063,000 after purchasing an additional 97,111 shares during the period. Wells Fargo & Company MN increased its holdings in shares of ANSYS by 35.5% in the second quarter. Wells Fargo & Company MN now owns 299,107 shares of the software maker’s stock valued at $52,099,000 after purchasing an additional 78,386 shares during the period. Finally, Wedge Capital Management L L P NC increased its holdings in shares of ANSYS by 20.7% in the second quarter. Wedge Capital Management L L P NC now owns 359,585 shares of the software maker’s stock valued at $62,633,000 after purchasing an additional 61,598 shares during the period. Institutional investors own 94.37% of the company’s stock.

Shares of ANSS stock opened at $158.25 on Friday. ANSYS, Inc. has a 1-year low of $140.78 and a 1-year high of $190.45. The firm has a market cap of $13.01 billion, a P/E ratio of 43.84 and a beta of 1.29.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, November 7th. The software maker reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.19. ANSYS had a return on equity of 15.33% and a net margin of 27.00%. The firm had revenue of $293.00 million for the quarter, compared to analyst estimates of $286.57 million. During the same quarter in the prior year, the company posted $1.05 earnings per share. ANSYS’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts expect that ANSYS, Inc. will post 4.66 EPS for the current fiscal year.

ANSS has been the topic of a number of recent research reports. BidaskClub lowered ANSYS from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Royal Bank of Canada boosted their target price on ANSYS to $180.00 and gave the company a “market perform” rating in a report on Monday, August 6th. Evercore ISI reaffirmed a “hold” rating and set a $150.00 price objective on shares of ANSYS in a report on Monday, August 6th. Guggenheim initiated coverage on ANSYS in a report on Tuesday, August 7th. They set a “buy” rating and a $210.00 price objective on the stock. Finally, Berenberg Bank upped their price objective on ANSYS from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $176.09.

In other ANSYS news, Director Alec D. Gallimore sold 276 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $173.76, for a total transaction of $47,957.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Shane Emswiler sold 3,511 shares of the business’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $187.19, for a total value of $657,224.09. The disclosure for this sale can be found here. Insiders have sold 19,350 shares of company stock worth $3,490,056 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

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ANSYS Profile

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.

See Also: Depreciation

Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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