ANSYS, Inc. (ANSS) Position Cut by Contravisory Investment Management Inc.
Contravisory Investment Management Inc. lowered its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 7.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 54,598 shares of the software maker’s stock after selling 4,351 shares during the period. ANSYS makes up 2.4% of Contravisory Investment Management Inc.’s portfolio, making the stock its 9th largest position. Contravisory Investment Management Inc.’s holdings in ANSYS were worth $6,643,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in ANSS. Guggenheim Capital LLC boosted its stake in shares of ANSYS by 5.2% in the fourth quarter. Guggenheim Capital LLC now owns 7,378 shares of the software maker’s stock worth $682,000 after buying an additional 364 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of ANSYS by 2.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 355,163 shares of the software maker’s stock worth $32,849,000 after buying an additional 7,101 shares during the period. Teachers Advisors LLC boosted its stake in shares of ANSYS by 8.3% in the fourth quarter. Teachers Advisors LLC now owns 95,631 shares of the software maker’s stock worth $8,845,000 after buying an additional 7,303 shares during the period. Raymond James Trust N.A. boosted its stake in shares of ANSYS by 5.1% in the first quarter. Raymond James Trust N.A. now owns 2,826 shares of the software maker’s stock worth $302,000 after buying an additional 138 shares during the period. Finally, Gulf International Bank UK Ltd boosted its stake in shares of ANSYS by 1.9% in the first quarter. Gulf International Bank UK Ltd now owns 27,013 shares of the software maker’s stock worth $2,886,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 98.48% of the company’s stock.
ANSYS, Inc. (ANSS) opened at 127.88 on Thursday. The firm has a market cap of $10.93 billion, a PE ratio of 41.34 and a beta of 1.09. ANSYS, Inc. has a one year low of $82.28 and a one year high of $129.85. The company has a 50-day moving average price of $123.57 and a 200-day moving average price of $111.39.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, May 3rd. The software maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.77 by $0.04. ANSYS had a net margin of 26.82% and a return on equity of 13.81%. The business had revenue of $253.41 million for the quarter, compared to analysts’ expectations of $241.52 million. Equities analysts predict that ANSYS, Inc. will post $3.78 earnings per share for the current fiscal year.
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ANSS has been the topic of a number of analyst reports. Zacks Investment Research cut ANSYS from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. UBS AG cut ANSYS from an “overweight” rating to a “neutral” rating in a report on Thursday, May 4th. Citigroup Inc. cut ANSYS from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $112.00 to $114.00 in a report on Thursday, May 4th. Wedbush restated a “neutral” rating and set a $101.00 price objective (down previously from $114.00) on shares of ANSYS in a report on Friday, May 5th. Finally, Barclays PLC restated an “underweight” rating and set a $115.00 price objective (up previously from $96.00) on shares of ANSYS in a report on Friday, May 5th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $105.75.
In related news, Director Michael Thurk sold 4,800 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $123.95, for a total value of $594,960.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick J. Zilvitis sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $124.00, for a total transaction of $248,000.00. The disclosure for this sale can be found here. Insiders sold 18,076 shares of company stock valued at $875,999 over the last quarter. 1.30% of the stock is currently owned by corporate 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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