Fisher Asset Management LLC Acquires 3,134 Shares of ANSYS, Inc. (ANSS)
Fisher Asset Management LLC raised its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 4.1% during the second quarter, Holdings Channel reports. The institutional investor owned 79,549 shares of the software maker’s stock after buying an additional 3,134 shares during the period. Fisher Asset Management LLC’s holdings in ANSYS were worth $9,680,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Arxis Securities LLC acquired a new stake in ANSYS during the first quarter worth about $1,405,000. Mn Services Vermogensbeheer B.V. increased its stake in ANSYS by 3.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,308 shares of the software maker’s stock worth $231,000 after buying an additional 74 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in ANSYS by 0.5% in the first quarter. BNP Paribas Arbitrage SA now owns 28,612 shares of the software maker’s stock worth $3,058,000 after buying an additional 150 shares in the last quarter. Bell Bank increased its stake in ANSYS by 3.9% in the first quarter. Bell Bank now owns 2,764 shares of the software maker’s stock worth $295,000 after buying an additional 105 shares in the last quarter. Finally, Bares Capital Management Inc. increased its stake in ANSYS by 4.3% in the first quarter. Bares Capital Management Inc. now owns 1,043,967 shares of the software maker’s stock worth $111,569,000 after buying an additional 43,402 shares in the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.
Shares of ANSYS, Inc. (ANSS) opened at 125.03 on Wednesday. The stock has a 50 day moving average of $123.75 and a 200 day moving average of $110.19. The stock has a market cap of $10.69 billion, a P/E ratio of 40.42 and a beta of 1.09. ANSYS, Inc. has a one year low of $82.28 and a one year high of $129.85.
ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, May 3rd. The software maker reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.04. ANSYS had a return on equity of 13.81% and a net margin of 26.82%. The business had revenue of $253.41 million during the quarter, compared to analyst estimates of $241.52 million. On average, analysts forecast that ANSYS, Inc. will post $3.78 EPS for the current year.
Several brokerages have recently commented on ANSS. Citigroup Inc. cut shares of ANSYS from a “buy” rating to a “neutral” rating and boosted their target price for the company from $112.00 to $114.00 in a research report on Thursday, May 4th. Zacks Investment Research cut shares of ANSYS from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Barclays PLC reduced their target price on shares of ANSYS from $115.00 to $96.00 and set an “underweight” rating on the stock in a report on Monday, May 15th. Wedbush reduced their target price on shares of ANSYS from $114.00 to $101.00 and set a “neutral” rating on the stock in a report on Monday, May 15th. Finally, Mitsubishi UFJ Financial Group lowered shares of ANSYS from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $112.00 to $114.00 in a research note on Thursday, May 4th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $105.75.
In other ANSYS news, Director Michael Thurk sold 4,800 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $123.95, for a total value of $594,960.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Walid Abu-Hadba sold 11,276 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $2.93, for a total value of $33,038.68. Following the completion of the transaction, the insider now directly owns 11,276 shares of the company’s stock, valued at approximately $33,038.68. The disclosure for this sale can be found here. In the last three months, insiders sold 18,076 shares of company stock valued at $875,999. 1.30% of the stock is owned by insiders.
ANSYS Company Profile
ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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