ANSYS, Inc. (ANSS) Shares Bought by Cookson Peirce & Co. Inc.
Cookson Peirce & Co. Inc. boosted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 8.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,700 shares of the software maker’s stock after purchasing an additional 210 shares during the period. Cookson Peirce & Co. Inc.’s holdings in ANSYS were worth $329,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Advisory Services Network LLC lifted its position in ANSYS by 25.7% during the second quarter. Advisory Services Network LLC now owns 2,107 shares of the software maker’s stock valued at $256,000 after purchasing an additional 431 shares during the period. WINTON GROUP Ltd bought a new position in ANSYS during the second quarter valued at approximately $243,000. Public Employees Retirement System of Ohio lifted its position in ANSYS by 3.8% during the second quarter. Public Employees Retirement System of Ohio now owns 101,535 shares of the software maker’s stock valued at $12,355,000 after purchasing an additional 3,728 shares during the period. Koch Industries Inc. bought a new position in ANSYS during the second quarter valued at approximately $971,000. Finally, 1st Global Advisors Inc. lifted its position in ANSYS by 0.8% during the second quarter. 1st Global Advisors Inc. now owns 2,364 shares of the software maker’s stock valued at $288,000 after purchasing an additional 18 shares during the period. Institutional investors own 96.76% of the company’s stock.
Shares of ANSYS, Inc. (NASDAQ ANSS) traded down 0.62% during mid-day trading on Tuesday, hitting $130.49. 70,692 shares of the stock were exchanged. The company has a market cap of $11.06 billion, a P/E ratio of 41.93 and a beta of 1.05. The stock’s 50-day moving average price is $125.85 and its 200-day moving average price is $121.81. 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 (EPS) for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $259.75 million. During the same period in the previous year, the business posted $0.93 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that ANSYS, Inc. will post $3.87 earnings per share for the current fiscal year.
Several research firms have weighed in on ANSS. BidaskClub upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Robert W. Baird set a $130.00 price target on shares of ANSYS and gave the stock a “buy” rating in a research report on Monday, August 28th. Zacks Investment Research upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a research report on Tuesday, October 3rd. Berenberg Bank began coverage on shares of ANSYS in a research report on Wednesday, August 23rd. They issued a “hold” rating and a $123.00 price target on the stock. Finally, Evercore ISI reiterated a “hold” rating and issued a $113.00 price target on shares of ANSYS in a research report on Wednesday, September 13th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $116.68.
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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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