ClariVest Asset Management LLC decreased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 14.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 9,500 shares of the software maker’s stock after selling 1,600 shares during the period. ClariVest Asset Management LLC’s holdings in ANSYS were worth $1,655,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. BlackRock Inc. grew its stake in shares of ANSYS by 5.0% during the first quarter. BlackRock Inc. now owns 7,083,785 shares of the software maker’s stock worth $1,109,958,000 after acquiring an additional 334,732 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in ANSYS by 0.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,822,743 shares of the software maker’s stock valued at $442,295,000 after buying an additional 13,252 shares during the last quarter. Aristotle Capital Management LLC boosted its position in ANSYS by 3.0% in the first quarter. Aristotle Capital Management LLC now owns 2,352,229 shares of the software maker’s stock valued at $368,571,000 after buying an additional 67,635 shares during the last quarter. Bank of New York Mellon Corp boosted its position in ANSYS by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 1,561,040 shares of the software maker’s stock valued at $271,901,000 after buying an additional 60,785 shares during the last quarter. Finally, Northern Trust Corp boosted its position in ANSYS by 1.3% in the first quarter. Northern Trust Corp now owns 1,331,878 shares of the software maker’s stock valued at $208,692,000 after buying an additional 17,632 shares during the last quarter. Institutional investors and hedge funds own 95.31% of the company’s stock.
Shares of NASDAQ:ANSS opened at $184.31 on Thursday. ANSYS, Inc. has a 12-month low of $119.20 and a 12-month high of $187.91. The company has a market capitalization of $15.68 billion, a price-to-earnings ratio of 45.36 and a beta of 1.06.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Monday, August 6th. The software maker reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.25. ANSYS had a return on equity of 14.95% and a net margin of 25.98%. The company had revenue of $308.90 million during the quarter, compared to the consensus estimate of $288.26 million. During the same period in the previous year, the company posted $0.99 earnings per share. ANSYS’s revenue for the quarter was up 16.9% on a year-over-year basis. equities research analysts predict that ANSYS, Inc. will post 4.54 EPS for the current fiscal year.
A number of equities research analysts recently commented on the company. BidaskClub upgraded ANSYS from a “hold” rating to a “buy” rating in a research report on Tuesday, August 7th. Berenberg Bank upped their target price on ANSYS from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. Citigroup reiterated an “overweight” rating on shares of ANSYS in a research report on Tuesday, August 14th. Guggenheim assumed coverage on ANSYS in a research report on Tuesday, August 7th. They issued a “buy” rating and a $210.00 target price on the stock. Finally, Wedbush upped their target price on ANSYS from $163.00 to $168.00 and gave the company a “neutral” rating in a research report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $165.45.
In other ANSYS news, insider Ajei Gopal sold 9,609 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $186.35, for a total value of $1,790,637.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Thurk sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $170.19, for a total value of $595,665.00. The disclosure for this sale can be found here. Insiders sold 43,385 shares of company stock valued at $7,575,960 over the last three months. 1.10% of the stock is currently owned by corporate insiders.
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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