Private Advisor Group LLC lifted its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 17.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,846 shares of the software maker’s stock after acquiring an additional 1,333 shares during the period. Private Advisor Group LLC’s holdings in ANSYS were worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of the company. Gofen & Glossberg LLC IL lifted its holdings in shares of ANSYS by 1.6% during the 1st quarter. Gofen & Glossberg LLC IL now owns 2,535 shares of the software maker’s stock worth $271,000 after acquiring an additional 40 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of ANSYS by 2.9% during the 1st quarter. Pacer Advisors Inc. now owns 1,539 shares of the software maker’s stock worth $164,000 after acquiring an additional 44 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of ANSYS by 7.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock worth $121,000 after acquiring an additional 69 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of ANSYS by 0.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 10,105 shares of the software maker’s stock worth $1,230,000 after acquiring an additional 77 shares during the period. Finally, Bell Bank lifted its holdings in shares of ANSYS by 3.9% during the 1st quarter. Bell Bank now owns 2,764 shares of the software maker’s stock worth $295,000 after acquiring an additional 105 shares during the period. 96.87% of the stock is owned by institutional investors.
A number of brokerages have recently weighed in on ANSS. Robert W. Baird set a $130.00 price target on shares of ANSYS and gave the stock a “buy” rating in a report on Monday, August 28th. Berenberg Bank began coverage on shares of ANSYS in a report on Wednesday, August 23rd. They set a “hold” rating and a $123.00 price target for the company. Zacks Investment Research raised shares of ANSYS from a “sell” rating to a “hold” rating in a report on Monday, August 7th. BidaskClub raised shares of ANSYS from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) began coverage on shares of ANSYS in a report on Monday, July 17th. They set a “neutral” rating and a $112.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. ANSYS presently has a consensus rating of “Hold” and an average target price of $109.89.
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ANSYS, Inc. (NASDAQ:ANSS) opened at 128.44 on Monday. The company has a 50-day moving average of $126.90 and a 200 day moving average of $118.17. ANSYS, Inc. has a 52 week low of $82.28 and a 52 week high of $131.63. The company has a market cap of $10.89 billion, a P/E ratio of 41.27 and a beta of 1.07.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.99 EPS for the quarter, topping the Zacks’ 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 business had revenue of $264.30 million during the quarter, compared to analysts’ expectations of $259.75 million. During the same quarter in the previous year, the company earned $0.93 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities analysts forecast that ANSYS, Inc. will post $3.86 EPS 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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