Connable Office Inc. Has $266,000 Stake in ANSYS, Inc. (NASDAQ:ANSS)
Connable Office Inc. maintained its position in ANSYS, Inc. (NASDAQ:ANSS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,184 shares of the software maker’s stock at the end of the second quarter. Connable Office Inc.’s holdings in ANSYS were worth $266,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Creative Planning increased its position in ANSYS by 68.6% in the second quarter. Creative Planning now owns 875 shares of the software maker’s stock valued at $106,000 after buying an additional 356 shares during the period. Crestwood Advisors Group LLC purchased a new stake in ANSYS during the first quarter valued at about $128,000. Global X Management Co. LLC boosted its stake in ANSYS by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,263 shares of the software maker’s stock valued at $135,000 after buying an additional 296 shares during the period. Pacer Advisors Inc. boosted its stake in ANSYS by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,539 shares of the software maker’s stock valued at $164,000 after buying an additional 44 shares during the period. Finally, Huntington National Bank boosted its stake 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. Institutional investors and hedge funds own 98.16% of the company’s stock.
Shares of ANSYS, Inc. (ANSS) opened at 122.95 on Friday. ANSYS, Inc. has a 12 month low of $82.28 and a 12 month high of $131.63. The company has a 50-day moving average of $124.48 and a 200-day moving average of $113.89. The stock has a market capitalization of $10.42 billion, a PE ratio of 39.51 and a beta of 1.10.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.07. The company had revenue of $264.30 million during the quarter, compared to analyst estimates of $259.75 million. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the business earned $0.93 EPS. On average, equities research analysts expect that ANSYS, Inc. will post $3.86 EPS for the current fiscal year.
Several research firms have recently issued reports on ANSS. Zacks Investment Research raised shares of ANSYS from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. BidaskClub raised shares of ANSYS from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Goldman Sachs Group, Inc. (The) began coverage on shares of ANSYS in a research report on Monday, July 17th. They set a “neutral” rating and a $112.00 price objective for the company. Evercore ISI set a $113.00 price objective on shares of ANSYS and gave the stock a “hold” rating in a research report on Saturday, June 10th. Finally, Wedbush decreased their price objective on shares of ANSYS from $114.00 to $101.00 and set a “neutral” rating for the company in a research report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $105.75.
In other ANSYS news, Director Michael Thurk sold 4,800 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $123.95, for a total transaction of $594,960.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Patrick J. Zilvitis sold 2,000 shares of the firm’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. 1.30% of the stock is owned by company insiders.
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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