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Mn Services Vermogensbeheer B.V. cut its position in ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 6.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,141 shares of the software maker’s stock after selling 3,100 shares during the quarter. Mn Services Vermogensbeheer B.V. owned 0.06% of ANSYS worth $10,673,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Janiczek Wealth Management LLC boosted its stake in shares of ANSYS by 60.7% in the second quarter. Janiczek Wealth Management LLC now owns 98 shares of the software maker’s stock valued at $27,000 after purchasing an additional 37 shares during the period. Waldron Private Wealth LLC boosted its stake in shares of ANSYS by 2.2% in the second quarter. Waldron Private Wealth LLC now owns 1,739 shares of the software maker’s stock valued at $416,000 after purchasing an additional 37 shares during the period. Cetera Investment Advisers raised its holdings in ANSYS by 1.7% in the second quarter. Cetera Investment Advisers now owns 2,321 shares of the software maker’s stock valued at $555,000 after acquiring an additional 38 shares in the last quarter. Trust Asset Management LLC raised its holdings in ANSYS by 5.3% in the second quarter. Trust Asset Management LLC now owns 918 shares of the software maker’s stock valued at $220,000 after acquiring an additional 46 shares in the last quarter. Finally, Mission Wealth Management LP raised its holdings in ANSYS by 3.0% in the second quarter. Mission Wealth Management LP now owns 1,714 shares of the software maker’s stock valued at $410,000 after acquiring an additional 50 shares in the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.
ANSYS Stock Up 0.8 %
ANSS stock opened at $254.10 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.17. ANSYS, Inc. has a fifty-two week low of $194.23 and a fifty-two week high of $354.62. The firm’s 50-day simple moving average is $244.14 and its 200 day simple moving average is $244.27. The stock has a market cap of $22.13 billion, a PE ratio of 47.58, a price-to-earnings-growth ratio of 4.78 and a beta of 1.26.
ANSYS (NASDAQ:ANSS – Get Rating) last released its quarterly earnings data on Wednesday, November 2nd. The software maker reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.17. ANSYS had a net margin of 23.13% and a return on equity of 12.13%. The business had revenue of $472.51 million for the quarter, compared to analysts’ expectations of $467.78 million. During the same quarter last year, the company earned $1.19 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, sell-side analysts predict that ANSYS, Inc. will post 6.06 EPS for the current year.
Analyst Ratings Changes
Several research firms recently issued reports on ANSS. Barclays upped their price target on shares of ANSYS from $200.00 to $226.00 and gave the company an “underweight” rating in a report on Wednesday. Mizuho upped their price target on shares of ANSYS from $210.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, December 8th. Royal Bank of Canada cut their price target on shares of ANSYS from $260.00 to $248.00 and set a “sector perform” rating on the stock in a report on Friday, November 4th. Rosenblatt Securities raised shares of ANSYS from a “neutral” rating to a “buy” rating and cut their price target for the company from $295.00 to $270.00 in a report on Monday, October 24th. Finally, Citigroup dropped their target price on shares of ANSYS from $243.00 to $233.00 in a report on Friday, November 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, ANSYS has a consensus rating of “Hold” and an average target price of $262.64.
About ANSYS
(Get Rating)
ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.
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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 – Get Rating).
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