Los Angeles Capital Management & Equity Research Inc. grew its stake in Ansys, Inc. (NASDAQ:ANSS) by 18.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 90,125 shares of the software maker’s stock after buying an additional 13,948 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.11% of Ansys worth $11,061,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. WINTON GROUP Ltd acquired a new position in shares of Ansys in the 2nd quarter valued at about $243,000. Dimensional Fund Advisors LP lifted its holdings in shares of Ansys by 11.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 331,081 shares of the software maker’s stock valued at $40,284,000 after buying an additional 32,962 shares during the period. Aviva PLC lifted its holdings in shares of Ansys by 2.9% in the 2nd quarter. Aviva PLC now owns 51,933 shares of the software maker’s stock valued at $6,317,000 after buying an additional 1,440 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Ansys by 1.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 414,743 shares of the software maker’s stock valued at $50,466,000 after buying an additional 7,443 shares during the period. Finally, Amalgamated Bank lifted its holdings in shares of Ansys by 25.0% in the 2nd quarter. Amalgamated Bank now owns 17,469 shares of the software maker’s stock valued at $2,126,000 after buying an additional 3,490 shares during the period. 97.60% of the stock is owned by institutional investors and hedge funds.
ANSS has been the subject of several analyst reports. BidaskClub raised Ansys from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Robert W. Baird set a $130.00 price objective on Ansys and gave the company a “buy” rating in a report on Monday, August 28th. Zacks Investment Research raised Ansys from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a report on Tuesday, October 3rd. KeyCorp restated a “hold” rating on shares of Ansys in a research note on Friday, September 29th. Finally, Berenberg Bank started coverage on Ansys in a research note on Wednesday, August 23rd. They issued a “hold” rating and a $123.00 price target for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $128.91.
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Shares of Ansys, Inc. (ANSS) opened at $150.57 on Friday. Ansys, Inc. has a 52 week low of $91.89 and a 52 week high of $155.14. The company has a market capitalization of $12,670.00, a P/E ratio of 42.69 and a beta of 1.05.
Ansys (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.10. The company had revenue of $276.77 million during the quarter, compared to analyst estimates of $263.77 million. Ansys had a return on equity of 13.19% and a net margin of 26.72%. Ansys’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.95 EPS. analysts expect that Ansys, Inc. will post 3.57 EPS for the current year.
In other news, VP Shane Emswiler sold 12,504 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $151.96, for a total value of $1,900,107.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barbara Vaughn Scherer sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $150.00, for a total value of $150,000.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
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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