SRS Capital Advisors Inc. acquired a new position in ANSYS, Inc. (NASDAQ:ANSS) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 956 shares of the software maker’s stock, valued at approximately $196,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. acquired a new stake in ANSYS in the 1st quarter worth $28,000. Glassman Wealth Services boosted its stake in shares of ANSYS by 128.9% in the first quarter. Glassman Wealth Services now owns 206 shares of the software maker’s stock worth $38,000 after buying an additional 116 shares during the last quarter. Motco purchased a new stake in shares of ANSYS in the second quarter worth about $38,000. Ibex Wealth Advisors purchased a new stake in shares of ANSYS in the second quarter worth about $39,000. Finally, Hall Laurie J Trustee boosted its stake in shares of ANSYS by 180.8% in the first quarter. Hall Laurie J Trustee now owns 365 shares of the software maker’s stock worth $67,000 after buying an additional 235 shares during the last quarter. 93.53% of the stock is owned by hedge funds and other institutional investors.
ANSS has been the topic of a number of recent research reports. Zacks Investment Research downgraded ANSYS from a “strong-buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a research note on Monday, August 12th. JPMorgan Chase & Co. upped their price objective on shares of ANSYS from $160.00 to $190.00 and gave the company an “underweight” rating in a research report on Tuesday, August 6th. Wedbush upped their price objective on shares of ANSYS from $221.00 to $228.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th. They noted that the move was a valuation call. Evercore ISI reissued a “hold” rating and issued a $160.00 price objective on shares of ANSYS in a research report on Tuesday, August 6th. Finally, BidaskClub raised shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $204.22.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Monday, August 5th. The software maker reported $1.34 EPS for the quarter, topping the consensus estimate of $1.09 by $0.25. The business had revenue of $370.51 million for the quarter, compared to analysts’ expectations of $338.31 million. ANSYS had a net margin of 31.53% and a return on equity of 17.17%. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.35 earnings per share. On average, equities analysts predict that ANSYS, Inc. will post 5.2 EPS for the current year.
ANSYS Company 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.
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