PNC Financial Services Group Inc. Has $9.21 Million Holdings in ANSYS, Inc. (ANSS)

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PNC Financial Services Group Inc. decreased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 5.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,878 shares of the software maker’s stock after selling 2,996 shares during the period. PNC Financial Services Group Inc. owned about 0.06% of ANSYS worth $9,211,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ANSS. BlackRock Inc. raised its stake in shares of ANSYS by 5.0% in the first quarter. BlackRock Inc. now owns 7,083,785 shares of the software maker’s stock valued at $1,109,958,000 after acquiring an additional 334,732 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of 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 acquiring an additional 13,252 shares during the last quarter. Aristotle Capital Management LLC raised its stake in shares of 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 acquiring an additional 67,635 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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 acquiring an additional 60,785 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of 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 acquiring an additional 17,632 shares during the last quarter. Hedge funds and other institutional investors own 95.31% of the company’s stock.

Shares of ANSYS stock opened at $185.17 on Friday. The company has a market capitalization of $15.54 billion, a P/E ratio of 51.29 and a beta of 1.06. ANSYS, Inc. has a fifty-two week low of $119.20 and a fifty-two week high of $187.91.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Monday, August 6th. The software maker reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. The business had revenue of $308.90 million during the quarter, compared to analyst estimates of $288.26 million. ANSYS had a net margin of 25.98% and a return on equity of 14.95%. ANSYS’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 earnings per share. research analysts expect that ANSYS, Inc. will post 4.54 EPS for the current year.

In other ANSYS news, Director James E. Cashman III sold 30,000 shares of ANSYS stock in a transaction on Monday, August 13th. The shares were sold at an average price of $171.39, for a total transaction of $5,141,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ajei Gopal sold 9,609 shares of ANSYS stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $186.35, for a total transaction of $1,790,637.15. The disclosure for this sale can be found here. In the last three months, insiders sold 46,896 shares of company stock valued at $8,233,184. 1.10% of the stock is currently owned by company insiders.

ANSS has been the subject of a number of research analyst reports. Goldman Sachs Group upgraded shares of ANSYS from a “neutral” rating to a “buy” rating and set a $112.00 target price for the company in a research note on Wednesday, June 20th. Zacks Investment Research upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $183.00 target price for the company in a research note on Monday, May 28th. Barclays lifted their target price on shares of ANSYS from $152.00 to $162.00 and gave the company an “underweight” rating in a research note on Wednesday, August 8th. Evercore ISI reiterated a “hold” rating and issued a $150.00 target price on shares of ANSYS in a research note on Monday, August 6th. Finally, Robert W. Baird lifted their target price on shares of ANSYS from $165.00 to $197.00 and gave the company an “outperform” rating in a research note on Monday, June 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $165.45.

About ANSYS

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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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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