Axa increased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 81.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 300,756 shares of the software maker’s stock after purchasing an additional 135,298 shares during the quarter. Axa’s holdings in ANSYS were worth $56,145,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bartlett & Co. LLC acquired a new stake in shares of ANSYS during the third quarter worth $114,000. Fort L.P. acquired a new stake in shares of ANSYS during the second quarter worth $121,000. Piedmont Investment Advisors LLC acquired a new stake in shares of ANSYS during the second quarter worth $166,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of ANSYS by 338.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,040 shares of the software maker’s stock worth $181,000 after purchasing an additional 803 shares during the period. Finally, Emerald Advisers Inc. PA acquired a new stake in shares of ANSYS during the third quarter worth $201,000. 93.56% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Barbara Vaughn Scherer sold 2,454 shares of the firm’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $187.99, for a total value of $461,327.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Thurk sold 3,500 shares of the firm’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $152.26, for a total value of $532,910.00. The disclosure for this sale can be found here. In the last three months, insiders sold 19,350 shares of company stock valued at $3,490,056. 1.10% of the stock is owned by corporate insiders.

Several equities research analysts recently weighed in on the company. Berenberg Bank increased their price target on ANSYS from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. BidaskClub downgraded ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Wedbush raised their target price on ANSYS from $163.00 to $168.00 and gave the company a “neutral” rating in a report on Thursday, August 9th. Evercore ISI reissued a “hold” rating and issued a $150.00 target price on shares of ANSYS in a report on Monday, August 6th. Finally, Barclays raised their target price on ANSYS from $152.00 to $162.00 and gave the company an “underweight” rating in a report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $176.09.

ANSYS stock opened at $149.71 on Tuesday. ANSYS, Inc. has a one year low of $140.78 and a one year high of $190.45. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 36.63 and a beta of 1.29.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, November 7th. The software maker reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.19. ANSYS had a return on equity of 15.33% and a net margin of 27.00%. The company had revenue of $293.00 million during the quarter, compared to the consensus estimate of $286.57 million. During the same quarter last year, the company earned $1.05 earnings per share. ANSYS’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts expect that ANSYS, Inc. will post 4.66 EPS for the current year.

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ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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