Daiwa Securities Group Inc. Continues to Hold Stake in Ansys Inc. (ANSS)
Daiwa Securities Group Inc. continued to hold its stake in Ansys Inc. (NASDAQ:ANSS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,100 shares of the company’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in Ansys were worth $191,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Invictus RG acquired a new position in Ansys during the first quarter worth approximately $137,000. Seven Eight Capital LLC acquired a new position in Ansys during the first quarter worth approximately $215,000. Hartford Investment Management Co. increased its position in 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 last quarter. Raymond James Trust N.A. increased its position in 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 last quarter. Finally, Atria Investments LLC acquired a new position in Ansys during the second quarter worth approximately $270,000. Institutional investors own 97.28% of the company’s stock.
Ansys Inc. (NASDAQ:ANSS) traded down 0.29% during midday trading on Thursday, reaching $92.11. 249,233 shares of the company’s stock traded hands. The company has a market cap of $8.03 billion, a P/E ratio of 31.97 and a beta of 0.99. The stock has a 50-day moving average of $94.19 and a 200 day moving average of $90.66. Ansys Inc. has a 52-week low of $80.51 and a 52-week high of $98.99.
Ansys (NASDAQ:ANSS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.05. Ansys had a return on equity of 13.33% and a net margin of 27.06%. The business had revenue of $246.10 million for the quarter, compared to analysts’ expectations of $244.84 million. During the same period last year, the business earned $0.85 EPS. The business’s revenue was up 4.5% on a year-over-year basis. On average, analysts anticipate that Ansys Inc. will post $3.62 earnings per share for the current fiscal year.
Several brokerages recently issued reports on ANSS. Barclays PLC lifted their price target on shares of Ansys from $86.00 to $94.00 and gave the company an “equal weight” rating in a report on Friday, August 5th. Zacks Investment Research raised shares of Ansys from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Wedbush reissued a “neutral” rating and set a $86.00 price target on shares of Ansys in a report on Thursday, July 28th. Finally, Evercore ISI reissued a “buy” rating on shares of Ansys in a report on Friday, September 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target 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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