Evercore Wealth Management LLC raised its stake in ANSYS, Inc. (NASDAQ:ANSS) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 178,537 shares of the software maker’s stock after buying an additional 5,259 shares during the period. Evercore Wealth Management LLC owned about 0.21% of ANSYS worth $33,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Bartlett & Co. LLC purchased a new stake in ANSYS in the 3rd quarter valued at about $114,000. Fort L.P. purchased a new stake in ANSYS in the 2nd quarter valued at about $121,000. Piedmont Investment Advisors LLC purchased a new stake in ANSYS in the 2nd quarter valued at about $166,000. Emerald Advisers Inc. PA purchased a new stake in ANSYS in the 3rd quarter valued at about $201,000. Finally, Reliance Trust Co. of Delaware purchased a new stake in ANSYS in the 3rd quarter valued at about $204,000. 94.48% of the stock is owned by institutional investors.

In related news, Director Michael Thurk sold 3,500 shares of the stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $152.26, for a total transaction of $532,910.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barbara Vaughn Scherer sold 2,454 shares of the stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $187.99, for a total transaction of $461,327.46. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Shares of ANSS opened at $156.64 on Thursday. ANSYS, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $190.45. The company has a market capitalization of $13.09 billion, a PE ratio of 43.39 and a beta of 1.33.

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

Several equities research analysts have issued reports on the stock. Benchmark raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $187.00 price objective for the company in a research report on Monday, November 5th. Wedbush raised shares of ANSYS from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $180.00 to $184.00 in a research report on Friday, November 2nd. ValuEngine raised shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, November 2nd. Needham & Company LLC raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $172.00 price target for the company in a research report on Monday, October 29th. Finally, BidaskClub cut shares of ANSYS from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $176.09.

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ANSYS 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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