Employees Retirement System of Texas reduced its position in ANSYS, Inc. (NASDAQ:ANSS) by 70.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,200 shares of the software maker’s stock after selling 15,100 shares during the quarter. Employees Retirement System of Texas’ holdings in ANSYS were worth $1,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of ANSS. Piedmont Investment Advisors LLC bought a new position in shares of ANSYS during the second quarter worth $166,000. Steward Partners Investment Advisory LLC boosted its position in shares of ANSYS by 338.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,040 shares of the software maker’s stock worth $181,000 after acquiring an additional 803 shares during the last quarter. Fiera Capital Corp bought a new position in shares of ANSYS during the first quarter worth $211,000. GWM Advisors LLC bought a new position in shares of ANSYS during the first quarter worth $214,000. Finally, Eagle Ridge Investment Management bought a new position in shares of ANSYS during the second quarter worth $216,000. Institutional investors and hedge funds own 95.31% of the company’s stock.
In other ANSYS news, Director Michael Thurk sold 3,500 shares of the stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $170.19, for a total transaction of $595,665.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shane Emswiler sold 3,511 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $187.19, for a total transaction of $657,224.09. The disclosure for this sale can be found here. Insiders have sold 46,896 shares of company stock valued at $8,233,184 in the last quarter. 1.10% of the stock is owned by company insiders.
ANSS stock opened at $185.45 on Friday. ANSYS, Inc. has a 52 week low of $119.20 and a 52 week high of $187.91. The firm has a market cap of $15.61 billion, a price-to-earnings ratio of 45.16 and a beta of 1.06.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Monday, August 6th. The software maker reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.25. ANSYS had a net margin of 25.98% and a return on equity of 14.95%. The business had revenue of $308.90 million during the quarter, compared to analyst estimates of $288.26 million. During the same quarter last year, the business earned $0.99 earnings per share. ANSYS’s quarterly revenue was up 16.9% compared to the same quarter last year. equities research analysts forecast that ANSYS, Inc. will post 4.54 EPS for the current fiscal year.
A number of brokerages recently weighed in on ANSS. BidaskClub upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Tuesday, August 7th. Berenberg Bank upped their target price on shares of ANSYS from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Citigroup restated an “overweight” rating on shares of ANSYS in a research report on Tuesday, August 14th. Guggenheim began coverage on shares of ANSYS in a research report on Tuesday, August 7th. They set a “buy” rating and a $210.00 target price for the company. Finally, Wedbush upped their target price on shares of ANSYS from $163.00 to $168.00 and gave the stock a “neutral” rating in a research report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $165.45.
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.
Receive News & Ratings for ANSYS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS and related companies with MarketBeat.com's FREE daily email newsletter.