New York State Common Retirement Fund reduced its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 29.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 748,676 shares of the software maker’s stock after selling 305,551 shares during the period. New York State Common Retirement Fund owned about 0.88% of ANSYS worth $91,099,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Aviva PLC raised its position in shares of ANSYS by 2.9% during the 2nd quarter. Aviva PLC now owns 51,933 shares of the software maker’s stock valued at $6,317,000 after acquiring an additional 1,440 shares in the last quarter. Neuberger Berman Group LLC grew its stake in ANSYS by 1.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 414,743 shares of the software maker’s stock worth $50,466,000 after buying an additional 7,443 shares during the last quarter. Bares Capital Management Inc. grew its stake in ANSYS by 4.3% during the 1st quarter. Bares Capital Management Inc. now owns 1,043,967 shares of the software maker’s stock worth $111,569,000 after buying an additional 43,402 shares during the last quarter. NN Investment Partners Holdings N.V. grew its stake in ANSYS by 19,186.6% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 130,570 shares of the software maker’s stock worth $15,888,000 after buying an additional 129,893 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX bought a new position in ANSYS during the 2nd quarter worth $1,997,000. 96.78% of the stock is currently owned by institutional investors and hedge funds.
ANSYS, Inc. (NASDAQ ANSS) traded down 0.13% on Tuesday, hitting $123.43. The stock had a trading volume of 142,341 shares. The firm’s 50-day moving average price is $126.96 and its 200-day moving average price is $119.36. The firm has a market cap of $10.46 billion, a P/E ratio of 39.66 and a beta of 1.07. ANSYS, Inc. has a 1-year low of $82.28 and a 1-year high of $132.74.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.07. The firm had revenue of $264.30 million during the quarter, compared to analysts’ expectations of $259.75 million. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.93 EPS. On average, equities research analysts predict that ANSYS, Inc. will post $3.86 earnings per share for the current year.
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A number of research analysts recently commented on the company. Royal Bank Of Canada restated a “hold” rating and set a $118.00 price objective on shares of ANSYS in a research note on Monday, September 11th. Zacks Investment Research upgraded ANSYS from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Evercore ISI set a $113.00 price objective on ANSYS and gave the stock a “hold” rating in a research note on Saturday, June 10th. J P Morgan Chase & Co upped their price objective on ANSYS to $98.00 and gave the stock an “underweight” rating in a research note on Tuesday. Finally, BidaskClub downgraded ANSYS from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $113.65.
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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