ANSYS, Inc. (ANSS) Position Raised by Wells Fargo & Company MN
Wells Fargo & Company MN increased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 19.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 172,798 shares of the software maker’s stock after purchasing an additional 28,506 shares during the period. Wells Fargo & Company MN owned approximately 0.20% of ANSYS worth $21,026,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. CIBC World Markets Inc. acquired a new stake in ANSYS during the second quarter worth approximately $442,000. Commonwealth Bank of Australia grew its stake in ANSYS by 25.8% during the second quarter. Commonwealth Bank of Australia now owns 583,121 shares of the software maker’s stock worth $70,952,000 after purchasing an additional 119,659 shares during the period. Private Advisor Group LLC grew its stake in ANSYS by 17.7% during the second quarter. Private Advisor Group LLC now owns 8,846 shares of the software maker’s stock worth $1,081,000 after purchasing an additional 1,333 shares during the period. Tredje AP fonden grew its stake in ANSYS by 29.1% during the second quarter. Tredje AP fonden now owns 22,040 shares of the software maker’s stock worth $2,682,000 after purchasing an additional 4,970 shares during the period. Finally, Fiduciary Trust Co. acquired a new stake in ANSYS during the second quarter worth approximately $170,000. 96.78% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently commented on ANSS shares. Evercore ISI reaffirmed a “hold” rating and set a $113.00 target price on shares of ANSYS in a research note on Wednesday, September 13th. Goldman Sachs Group, Inc. (The) started coverage on ANSYS in a research note on Monday, July 17th. They set a “neutral” rating and a $112.00 target price for the company. J P Morgan Chase & Co reaffirmed a “sell” rating and set a $98.00 target price on shares of ANSYS in a research note on Tuesday, September 19th. Berenberg Bank started coverage on ANSYS in a research note on Wednesday, August 23rd. They set a “hold” rating and a $123.00 target price for the company. Finally, Barclays PLC decreased their target price on ANSYS from $115.00 to $113.00 and set an “underweight” rating for the company in a research note on Friday, September 15th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $114.65.
Shares of ANSYS, Inc. (NASDAQ ANSS) opened at 120.74 on Tuesday. The firm has a 50-day moving average price of $126.78 and a 200-day moving average price of $119.49. The firm has a market cap of $10.23 billion, a PE ratio of 38.80 and a beta of 1.07. ANSYS, Inc. has a 52 week low of $82.28 and a 52 week high of $132.74.
ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.07. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The firm had revenue of $264.30 million for the quarter, compared to the consensus estimate of $259.75 million. During the same quarter in the prior year, the business earned $0.93 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts predict that ANSYS, Inc. will post $3.87 earnings per share for the current year.
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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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