Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Holdings in ANSYS, Inc. (ANSS)
Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 49.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,352 shares of the software maker’s stock after selling 6,119 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in ANSYS were worth $773,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Creative Planning lifted its stake in ANSYS by 68.6% in the 2nd quarter. Creative Planning now owns 875 shares of the software maker’s stock worth $106,000 after purchasing an additional 356 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in ANSYS by 7.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock worth $121,000 after purchasing an additional 69 shares in the last quarter. Global X Management Co. LLC lifted its stake in ANSYS by 30.6% in the 1st quarter. Global X Management Co. LLC now owns 1,263 shares of the software maker’s stock worth $135,000 after purchasing an additional 296 shares in the last quarter. Dupont Capital Management Corp purchased a new position in ANSYS in the 2nd quarter worth approximately $149,000. Finally, Pacer Advisors Inc. lifted its stake in ANSYS by 2.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,539 shares of the software maker’s stock worth $164,000 after purchasing an additional 44 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on ANSS shares. Goldman Sachs Group, Inc. (The) started coverage on shares of ANSYS in a research note 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 shares of ANSYS and gave the stock a “buy” rating in a research note on Monday, August 28th. Wedbush reissued a “neutral” rating and issued a $129.19 target price (up from $114.00) on shares of ANSYS in a research note on Friday. Berenberg Bank started coverage on shares of ANSYS in a research note on Wednesday, August 23rd. They issued a “hold” rating and a $123.00 target price on the stock. Finally, Zacks Investment Research lowered shares of ANSYS from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. ANSYS presently has a consensus rating of “Hold” and an average price target of $115.22.
Shares of ANSYS, Inc. (NASDAQ ANSS) opened at 121.82 on Friday. The stock has a market cap of $10.33 billion, a price-to-earnings ratio of 39.15 and a beta of 1.07. ANSYS, Inc. has a 52-week low of $82.28 and a 52-week high of $132.07. The stock’s 50 day moving average is $127.10 and its 200 day moving average is $119.07.
ANSYS (NASDAQ:ANSS) last announced its 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 firm had revenue of $264.30 million for the quarter, compared to analyst estimates of $259.75 million. During the same quarter last year, the business earned $0.93 earnings per share. ANSYS’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts expect that ANSYS, Inc. will post $3.86 earnings per share for the current fiscal year.
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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