Phoenix Holdings Ltd. boosted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 4.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 897 shares of the software maker’s stock after buying an additional 37 shares during the period. Phoenix Holdings Ltd.’s holdings in ANSYS were worth $270,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Huntington National Bank grew its position in ANSYS by 5.6% in the 3rd quarter. Huntington National Bank now owns 638 shares of the software maker’s stock valued at $209,000 after buying an additional 34 shares in the last quarter. AdvisorNet Financial Inc grew its position in ANSYS by 6.5% in the 2nd quarter. AdvisorNet Financial Inc now owns 572 shares of the software maker’s stock valued at $167,000 after buying an additional 35 shares in the last quarter. Captrust Financial Advisors grew its position in ANSYS by 0.9% in the 2nd quarter. Captrust Financial Advisors now owns 3,826 shares of the software maker’s stock valued at $1,126,000 after buying an additional 36 shares in the last quarter. Xponance Inc. grew its position in ANSYS by 0.3% in the 3rd quarter. Xponance Inc. now owns 12,394 shares of the software maker’s stock valued at $4,056,000 after buying an additional 39 shares in the last quarter. Finally, BTC Capital Management Inc. grew its position in ANSYS by 2.7% in the 2nd quarter. BTC Capital Management Inc. now owns 1,531 shares of the software maker’s stock valued at $447,000 after buying an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 87.70% of the company’s stock.
ANSS stock opened at $318.26 on Friday. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a one year low of $200.07 and a one year high of $357.92. The firm has a market capitalization of $27.33 billion, a PE ratio of 72.00 and a beta of 1.26. The firm has a 50-day moving average of $328.38 and a two-hundred day moving average of $305.36.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Monday, November 9th. The software maker reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.10. ANSYS had a net margin of 24.88% and a return on equity of 12.09%. The company had revenue of $367.00 million during the quarter, compared to analyst estimates of $365.67 million. During the same period in the prior year, the firm earned $1.42 earnings per share. The business’s quarterly revenue was up 6.7% on a year-over-year basis. On average, equities research analysts anticipate that ANSYS, Inc. will post 4.95 earnings per share for the current year.
Several equities analysts have recently weighed in on the stock. Stifel Nicolaus restated a “hold” rating and set a $305.00 price objective on shares of ANSYS in a research report on Thursday, August 13th. Royal Bank of Canada raised their price objective on shares of ANSYS from $310.00 to $348.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 27th. Needham & Company LLC restated a “hold” rating on shares of ANSYS in a research report on Friday, August 28th. Guggenheim raised their price objective on shares of ANSYS from $278.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Finally, BidaskClub lowered shares of ANSYS from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $291.20.
In other news, CEO Ajei Gopal sold 22,058 shares of the stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $337.87, for a total value of $7,452,736.46. Following the completion of the sale, the chief executive officer now directly owns 190,145 shares of the company’s stock, valued at $64,244,291.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Matthew C. Zack sold 2,477 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $313.45, for a total transaction of $776,415.65. Following the completion of the sale, the vice president now directly owns 27,399 shares of the company’s stock, valued at $8,588,216.55. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by corporate insiders.
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which its engineering simulation technologies are built; multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; high-performance computing product suite, which delivers cross-physics parallel processing capabilities for simulation software; and structural analysis product suite that provides simulation tools for product design and optimization.
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