Fiduciary Trust Co. bought a new stake in ANSYS, Inc. (NASDAQ:ANSS) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,397 shares of the software maker’s stock, valued at approximately $170,000.

Several other hedge funds have also modified their holdings of the business. Atlantic Trust Group LLC boosted its holdings in shares of ANSYS by 4.8% in the 2nd quarter. Atlantic Trust Group LLC now owns 101,722 shares of the software maker’s stock valued at $12,378,000 after purchasing an additional 4,675 shares in the last quarter. Farr Miller & Washington LLC DC boosted its holdings in shares of ANSYS by 70.1% in the 2nd quarter. Farr Miller & Washington LLC DC now owns 3,580 shares of the software maker’s stock valued at $436,000 after purchasing an additional 1,475 shares in the last quarter. Synovus Financial Corp boosted its holdings in shares of ANSYS by 36.2% in the 2nd quarter. Synovus Financial Corp now owns 5,473 shares of the software maker’s stock valued at $669,000 after purchasing an additional 1,456 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of ANSYS by 156.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 125,513 shares of the software maker’s stock valued at $15,271,000 after purchasing an additional 76,629 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its holdings in shares of ANSYS by 71.5% in the 2nd quarter. State of Tennessee Treasury Department now owns 56,084 shares of the software maker’s stock valued at $6,824,000 after purchasing an additional 23,384 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

ANSS has been the topic of a number of research analyst reports. Goldman Sachs Group, Inc. (The) initiated coverage on ANSYS in a report on Monday, July 17th. They issued a “neutral” rating and a $112.00 target price on the stock. Robert W. Baird set a $130.00 target price on ANSYS and gave the company a “buy” rating in a report on Monday, August 28th. Berenberg Bank initiated coverage on ANSYS in a report on Wednesday, August 23rd. They issued a “hold” rating and a $123.00 target price on the stock. Zacks Investment Research downgraded ANSYS from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $118.00 target price on shares of ANSYS in a report on Monday. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. ANSYS presently has an average rating of “Hold” and a consensus price target of $110.70.

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ANSYS, Inc. (NASDAQ:ANSS) opened at 132.01 on Wednesday. ANSYS, Inc. has a 52 week low of $82.28 and a 52 week high of $132.07. The stock has a 50 day moving average price of $126.99 and a 200-day moving average price of $118.60. The company has a market capitalization of $11.19 billion, a PE ratio of 42.42 and a beta of 1.07.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.07. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The company had revenue of $264.30 million during the quarter, compared to the consensus estimate of $259.75 million. During the same period in the prior year, the firm earned $0.93 earnings per share. ANSYS’s revenue was up 7.4% on a year-over-year basis. On average, equities analysts predict that ANSYS, Inc. will post $3.86 earnings per share for the current fiscal year.

ANSYS 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.

Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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