ANSYS, Inc. (ANSS) Position Boosted by Pacer Advisors Inc.
Pacer Advisors Inc. boosted its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 7.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,655 shares of the software maker’s stock after buying an additional 116 shares during the quarter. Pacer Advisors Inc.’s holdings in ANSYS were worth $201,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Airain ltd purchased a new position in ANSYS in the second quarter valued at $4,165,000. Andra AP fonden increased its holdings in ANSYS by 6.4% in the second quarter. Andra AP fonden now owns 112,400 shares of the software maker’s stock valued at $13,677,000 after buying an additional 6,800 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in ANSYS by 117.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 7,143 shares of the software maker’s stock valued at $869,000 after buying an additional 3,858 shares during the last quarter. Penserra Capital Management LLC purchased a new position in ANSYS in the second quarter valued at $1,245,000. Finally, Prudential Financial Inc. boosted its stake in ANSYS by 103.4% in the second quarter. Prudential Financial Inc. now owns 108,363 shares of the software maker’s stock valued at $13,185,000 after acquiring an additional 55,084 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on the stock. Evercore ISI restated a “hold” rating and issued a $113.00 price objective on shares of ANSYS in a research note on Wednesday. Wedbush restated a “neutral” rating and issued a $129.19 price objective (up previously from $114.00) on shares of ANSYS in a research note on Friday. Barclays PLC decreased their price objective on shares of ANSYS from $115.00 to $113.00 and set an “underweight” rating for the company in a research note on Friday. Berenberg Bank assumed coverage on shares of ANSYS in a research note on Wednesday, August 23rd. They issued a “hold” rating and a $123.00 price objective for the company. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $118.00 price objective on shares of ANSYS in a research note on Monday, September 11th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $115.22.
Shares of ANSYS, Inc. (NASDAQ:ANSS) opened at 121.82 on Friday. The firm has a market cap of $10.33 billion, a P/E 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 $132.74. 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 quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The business had revenue of $264.30 million during the quarter, compared to the consensus estimate of $259.75 million. During the same quarter in the prior year, the firm earned $0.93 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that ANSYS, Inc. will post $3.86 earnings per share for the current fiscal year.
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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