State of Tennessee Treasury Department cut its position in ANSYS, Inc. (NASDAQ:ANSS) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,961 shares of the software maker’s stock after selling 693 shares during the quarter. State of Tennessee Treasury Department’s holdings in ANSYS were worth $3,830,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in ANSS. Norges Bank acquired a new stake in ANSYS during the 4th quarter worth approximately $143,212,000. Thrivent Financial for Lutherans lifted its position in ANSYS by 11,985.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 435,915 shares of the software maker’s stock worth $62,310,000 after acquiring an additional 432,308 shares during the period. BlackRock Inc. lifted its position in ANSYS by 4.8% during the 1st quarter. BlackRock Inc. now owns 6,779,063 shares of the software maker’s stock worth $1,238,602,000 after acquiring an additional 312,390 shares during the period. AKO Capital LLP lifted its position in ANSYS by 49.2% during the 1st quarter. AKO Capital LLP now owns 941,150 shares of the software maker’s stock worth $171,958,000 after acquiring an additional 310,181 shares during the period. Finally, Fundsmith LLP acquired a new stake in ANSYS during the 4th quarter worth approximately $39,028,000. 93.17% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on ANSS. Zacks Investment Research raised ANSYS from a “hold” rating to a “strong-buy” rating and set a $223.00 price objective for the company in a research report on Tuesday, April 30th. Evercore ISI reaffirmed a “hold” rating and set a $155.00 price objective on shares of ANSYS in a research report on Thursday, May 2nd. Citigroup increased their price objective on ANSYS from $203.00 to $212.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Finally, BidaskClub raised ANSYS from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $188.14.
In other news, Director William R. Mcdermott sold 1,765 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $181.53, for a total transaction of $320,400.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Matthew C. Zack sold 1,116 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $194.80, for a total value of $217,396.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,542 shares of company stock valued at $2,334,603. Company insiders own 1.11% of the company’s stock.
Shares of ANSS stock opened at $198.47 on Friday. The company has a market cap of $16.60 billion, a PE ratio of 38.09 and a beta of 1.38. ANSYS, Inc. has a 12-month low of $136.80 and a 12-month high of $200.40. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.03.
ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, May 1st. The software maker reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11. The business had revenue of $319.91 million during the quarter, compared to the consensus estimate of $306.17 million. ANSYS had a return on equity of 17.08% and a net margin of 31.73%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.22 EPS. On average, equities research analysts expect that ANSYS, Inc. will post 5.07 earnings per share for the current year.
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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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