Private Capital Group LLC Raises Holdings in ANSYS, Inc. (ANSS)

Private Capital Group LLC boosted its position in ANSYS, Inc. (NASDAQ:ANSS) by 52.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,209 shares of the software maker’s stock after purchasing an additional 418 shares during the period. Private Capital Group LLC’s holdings in ANSYS were worth $221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. lifted its position in ANSYS by 1,906.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 102,762 shares of the software maker’s stock valued at $18,776,000 after purchasing an additional 97,640 shares during the last quarter. Virginia Retirement Systems ET AL lifted its position in ANSYS by 61.8% in the first quarter. Virginia Retirement Systems ET AL now owns 61,500 shares of the software maker’s stock valued at $11,237,000 after purchasing an additional 23,500 shares during the last quarter. Creative Planning lifted its position in ANSYS by 12.4% in the first quarter. Creative Planning now owns 5,806 shares of the software maker’s stock valued at $1,061,000 after purchasing an additional 639 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in ANSYS by 3.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 62,490 shares of the software maker’s stock valued at $11,417,000 after purchasing an additional 2,101 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in ANSYS in the first quarter valued at approximately $844,000. 94.18% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on ANSS shares. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $199.00 target price for the company in a report on Tuesday, March 26th. BidaskClub upgraded ANSYS from a “buy” rating to a “strong-buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $182.31.

In related news, CEO Ajei Gopal sold 883 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $186.00, for a total value of $164,238.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Maria T. Shields sold 13,704 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $182.23, for a total value of $2,497,279.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,060 shares of company stock worth $11,042,442. 1.11% of the stock is owned by insiders.

Shares of ANSYS stock opened at $194.66 on Friday. The company has a market cap of $16.33 billion, a P/E ratio of 37.36 and a beta of 1.35. ANSYS, Inc. has a 52 week low of $136.80 and a 52 week high of $195.25.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, February 27th. The software maker reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.57. The company had revenue of $340.07 million during the quarter, compared to the consensus estimate of $365.03 million. ANSYS had a return on equity of 17.83% and a net margin of 32.42%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 earnings per share. On average, research analysts expect that ANSYS, Inc. will post 4.99 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Private Capital Group LLC Raises Holdings in ANSYS, Inc. (ANSS)” was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://sportsperspectives.com/2019/04/28/private-capital-group-llc-raises-holdings-in-ansys-inc-anss.html.

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.

Recommended Story: What is the Rule of 72?

Want to see what other hedge funds are holding ANSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANSYS, Inc. (NASDAQ:ANSS).

Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

Receive News & Ratings for ANSYS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS and related companies with MarketBeat.com's FREE daily email newsletter.