Ansys Inc. (ANSS) Stake Boosted by Harvey Investment Co. LLC
Harvey Investment Co. LLC raised its position in Ansys Inc. (NASDAQ:ANSS) by 1.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 133,755 shares of the company’s stock after buying an additional 1,945 shares during the period. Ansys accounts for about 2.6% of Harvey Investment Co. LLC’s portfolio, making the stock its 14th largest position. Harvey Investment Co. LLC’s holdings in Ansys were worth $12,138,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Montag & Caldwell LLC raised its position in shares of Ansys by 0.5% in the second quarter. Montag & Caldwell LLC now owns 7,852 shares of the company’s stock worth $713,000 after buying an additional 40 shares during the period. Hartford Investment Management Co. raised its position in shares of Ansys by 2.3% in the second quarter. Hartford Investment Management Co. now owns 2,483 shares of the company’s stock worth $225,000 after buying an additional 56 shares during the period. Raymond James Trust N.A. raised its position in shares of Ansys by 4.6% in the second quarter. Raymond James Trust N.A. now owns 2,961 shares of the company’s stock worth $269,000 after buying an additional 129 shares during the period. Stock Yards Bank & Trust Co. raised its position in shares of Ansys by 3.4% in the second quarter. Stock Yards Bank & Trust Co. now owns 4,585 shares of the company’s stock worth $416,000 after buying an additional 150 shares during the period. Finally, Oakbrook Investments LLC raised its position in shares of Ansys by 5.9% in the second quarter. Oakbrook Investments LLC now owns 3,600 shares of the company’s stock worth $327,000 after buying an additional 200 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.
Shares of Ansys Inc. (NASDAQ:ANSS) traded up 0.88% during mid-day trading on Wednesday, reaching $92.55. The company’s stock had a trading volume of 360,913 shares. The firm’s 50 day moving average price is $94.46 and its 200-day moving average price is $90.64. Ansys Inc. has a 1-year low of $80.51 and a 1-year high of $98.99. The company has a market capitalization of $8.07 billion, a price-to-earnings ratio of 32.12 and a beta of 0.99.
Ansys (NASDAQ:ANSS) last issued its earnings results on Thursday, August 4th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.05. Ansys had a net margin of 27.06% and a return on equity of 13.33%. The company earned $246.10 million during the quarter, compared to analysts’ expectations of $244.84 million. During the same period last year, the company posted $0.85 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, analysts predict that Ansys Inc. will post $3.62 EPS for the current year.
ANSS has been the subject of a number of research analyst reports. Zacks Investment Research lowered Ansys from a “hold” rating to a “sell” rating in a research note on Tuesday. Evercore ISI restated a “buy” rating on shares of Ansys in a research note on Friday, September 16th. Wedbush restated a “neutral” rating and issued a $88.00 target price on shares of Ansys in a research note on Wednesday, August 31st. Finally, Barclays PLC raised their target price on Ansys from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Ansys presently has a consensus rating of “Hold” and a consensus target price of $90.71.
Ansys Company Profile
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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