Garrison Financial Corp Cuts Stake in ANSYS, Inc. (NASDAQ:ANSS)
Garrison Financial Corp lowered its position in ANSYS, Inc. (NASDAQ:ANSS) by 2.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 35,854 shares of the software maker’s stock after selling 1,052 shares during the period. ANSYS makes up 2.5% of Garrison Financial Corp’s portfolio, making the stock its 6th largest position. Garrison Financial Corp’s holdings in ANSYS were worth $4,363,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in ANSYS by 5,399.5% in the first quarter. BlackRock Inc. now owns 9,118,117 shares of the software maker’s stock worth $974,453,000 after buying an additional 8,952,318 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of ANSYS by 54.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,806,833 shares of the software maker’s stock valued at $299,966,000 after buying an additional 987,326 shares during the last quarter. Aristotle Capital Management LLC boosted its position in shares of ANSYS by 90.5% in the first quarter. Aristotle Capital Management LLC now owns 1,894,434 shares of the software maker’s stock valued at $202,459,000 after buying an additional 899,793 shares during the last quarter. KAMES CAPITAL plc boosted its position in shares of ANSYS by 1,628.6% in the first quarter. KAMES CAPITAL plc now owns 712,016 shares of the software maker’s stock valued at $76,086,000 after buying an additional 670,825 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of ANSYS by 2.6% in the first quarter. Vanguard Group Inc. now owns 6,975,913 shares of the software maker’s stock valued at $745,515,000 after buying an additional 174,087 shares during the last quarter. 98.16% of the stock is currently owned by institutional investors.
ANSYS, Inc. (NASDAQ:ANSS) opened at 122.95 on Friday. The firm’s 50 day moving average is $124.48 and its 200 day moving average is $113.89. ANSYS, Inc. has a 52-week low of $82.28 and a 52-week high of $131.63. The company has a market cap 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 Zacks’ consensus estimate of $0.92 by $0.07. The business had revenue of $264.30 million for the quarter, compared to analysts’ expectations of $259.75 million. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 earnings per share. Analysts forecast that ANSYS, Inc. will post $3.86 EPS for the current fiscal year.
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Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of ANSYS from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. BidaskClub cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Evercore ISI set a $113.00 price target on shares of ANSYS and gave the company a “hold” rating in a research report on Saturday, June 10th. Wedbush dropped their price target on shares of ANSYS from $114.00 to $101.00 and set a “neutral” rating on the stock in a research report on Monday, May 15th. Finally, UBS AG cut shares of ANSYS from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $105.75.
In other news, Director Michael Thurk sold 4,800 shares of the company’s stock in a transaction that occurred 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 filing with the SEC, which is accessible through this link. Also, Director Patrick J. Zilvitis sold 2,000 shares of the company’s stock in a transaction that occurred 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 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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