ANSYS, Inc. (ANSS) Position Decreased by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can lowered its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 27.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 101,916 shares of the software maker’s stock after selling 39,183 shares during the period. Great West Life Assurance Co. Can owned about 0.12% of ANSYS worth $12,380,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Huntington National Bank boosted its position in ANSYS by 0.6% in the first quarter. Huntington National Bank now owns 1,549 shares of the software maker’s stock valued at $166,000 after buying an additional 9 shares during the period. Quantitative Systematic Strategies LLC boosted its position in ANSYS by 41.7% in the first quarter. Quantitative Systematic Strategies LLC now owns 3,889 shares of the software maker’s stock valued at $416,000 after buying an additional 1,144 shares during the period. Conestoga Capital Advisors LLC boosted its position in ANSYS by 96.1% in the first quarter. Conestoga Capital Advisors LLC now owns 25,709 shares of the software maker’s stock valued at $2,748,000 after buying an additional 12,600 shares during the period. Gateway Investment Advisers LLC boosted its position in ANSYS by 22.1% in the first quarter. Gateway Investment Advisers LLC now owns 125,795 shares of the software maker’s stock valued at $13,444,000 after buying an additional 22,770 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in ANSYS by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 21,600 shares of the software maker’s stock valued at $2,308,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 98.16% of the company’s stock.
Shares of ANSYS, Inc. (NASDAQ ANSS) opened at 124.43 on Wednesday. ANSYS, Inc. has a 12 month low of $82.28 and a 12 month high of $131.63. The firm has a market cap of $10.60 billion, a price-to-earnings ratio of 39.98 and a beta of 1.10. The company has a 50-day moving average price of $124.21 and a 200-day moving average price of $112.81.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.07. The business had revenue of $264.30 million for the quarter, compared to analyst estimates of $259.75 million. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. Analysts forecast that ANSYS, Inc. will post $3.85 earnings per share for the current fiscal year.
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Several equities analysts have recently weighed in on the company. BidaskClub upgraded ANSYS from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Goldman Sachs Group, Inc. (The) assumed coverage on ANSYS in a report on Monday, July 17th. They set a “neutral” rating and a $112.00 price objective on the stock. Evercore ISI set a $113.00 price objective on ANSYS and gave the company a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded ANSYS from a “sell” rating to a “hold” rating in a report on Monday. Finally, Barclays PLC reiterated 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. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $105.75.
In other ANSYS news, Director Michael Thurk sold 4,800 shares of the stock in a transaction that occurred on 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 SEC, which is available at this hyperlink. Also, Director Patrick J. Zilvitis sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $124.00, for a total value of $248,000.00. The disclosure for this sale can be found here. 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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