Investors purchased shares of Ansys Inc. (NASDAQ:ANSS) on weakness during trading on Wednesday. $21.54 million flowed into the stock on the tick-up and $11.63 million flowed out of the stock on the tick-down, for a money net flow of $9.91 million into the stock. Of all stocks tracked, Ansys had the 25th highest net in-flow for the day. Ansys traded down ($0.04) for the day and closed at $90.46

A number of brokerages have issued reports on ANSS. KeyCorp reaffirmed a “hold” rating on shares of Ansys in a research report on Saturday, June 4th. Wedbush reaffirmed a “neutral” rating and issued a $86.00 price objective on shares of Ansys in a research report on Friday, June 3rd. Goldman Sachs Group Inc. began coverage on shares of Ansys in a research report on Thursday, May 26th. They issued a “neutral” rating and a $90.00 price objective for the company. Zacks Investment Research downgraded shares of Ansys from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Ansys in a research report on Sunday, May 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Ansys presently has an average rating of “Hold” and a consensus target price of $92.29.

The company has a market capitalization of $7.96 billion and a PE ratio of 32.52. The firm’s 50-day moving average price is $89.21 and its 200-day moving average price is $87.66.

Ansys (NASDAQ:ANSS) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.01. The company earned $225.90 million during the quarter, compared to the consensus estimate of $228.51 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts anticipate that Ansys Inc. will post $3.56 earnings per share for the current fiscal year.

In other news, CFO Maria T. Shields sold 35,000 shares of the company’s stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $88.00, for a total value of $3,080,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

A number of hedge funds and institutional investors have modified their holdings of ANSS. MUFG Americas Holdings Corp boosted its position in shares of Ansys by 38.7% in the fourth quarter. MUFG Americas Holdings Corp now owns 42,311 shares of the company’s stock valued at $3,914,000 after buying an additional 11,797 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Ansys by 2.8% in the fourth quarter. California Public Employees Retirement System now owns 257,000 shares of the company’s stock valued at $23,773,000 after buying an additional 6,900 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in shares of Ansys by 7.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 11,264 shares of the company’s stock valued at $1,042,000 after buying an additional 821 shares during the last quarter. American Capital Management Inc. boosted its position in shares of Ansys by 48.2% in the fourth quarter. American Capital Management Inc. now owns 187,497 shares of the company’s stock valued at $17,343,000 after buying an additional 60,960 shares during the last quarter. Finally, Atlantic Trust Group LLC boosted its position in shares of Ansys by 0.7% in the fourth quarter. Atlantic Trust Group LLC now owns 100,267 shares of the company’s stock valued at $9,275,000 after buying an additional 676 shares during the last quarter.

ANSYS, Inc develops and markets engineering simulation software and services used by engineers, designers and students across industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

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