Intermede Investment Partners Ltd decreased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 5.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 348,719 shares of the software maker’s stock after selling 21,756 shares during the period. ANSYS accounts for 4.1% of Intermede Investment Partners Ltd’s investment portfolio, making the stock its 11th largest position. Intermede Investment Partners Ltd owned about 0.41% of ANSYS worth $42,432,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in ANSS. Guggenheim Capital LLC boosted its stake in ANSYS by 5.2% in the fourth quarter. Guggenheim Capital LLC now owns 7,378 shares of the software maker’s stock worth $682,000 after buying an additional 364 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of ANSYS by 2.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 355,163 shares of the software maker’s stock valued at $32,849,000 after buying an additional 7,101 shares during the period. Teachers Advisors LLC raised its stake in shares of ANSYS by 8.3% in the fourth quarter. Teachers Advisors LLC now owns 95,631 shares of the software maker’s stock valued at $8,845,000 after buying an additional 7,303 shares during the period. Raymond James Trust N.A. raised its stake in shares of ANSYS by 5.1% in the first quarter. Raymond James Trust N.A. now owns 2,826 shares of the software maker’s stock valued at $302,000 after buying an additional 138 shares during the period. Finally, Gulf International Bank UK Ltd raised its stake in shares of ANSYS by 1.9% in the first quarter. Gulf International Bank UK Ltd now owns 27,013 shares of the software maker’s stock valued at $2,886,000 after buying an additional 500 shares during the period. Institutional investors own 98.16% of the company’s stock.
ANSYS, Inc. (NASDAQ:ANSS) traded up 0.20% during trading on Friday, hitting $122.95. The stock had a trading volume of 324,084 shares. ANSYS, Inc. has a 12 month low of $82.28 and a 12 month high of $131.63. The stock has a 50 day moving average price of $124.48 and a 200-day moving average price of $113.89. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 39.51 and a beta of 1.10.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.07. The company had revenue of $264.30 million for the quarter, compared to analyst estimates of $259.75 million. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.93 earnings per share. On average, equities analysts predict that ANSYS, Inc. will post $3.86 EPS for the current year.
A number of research analysts have weighed in on ANSS shares. BidaskClub lowered ANSYS from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. Evercore ISI set a $113.00 price objective on ANSYS and gave the stock a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded ANSYS from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. Mitsubishi UFJ Financial Group downgraded ANSYS from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $112.00 to $114.00 in a research report on Thursday, May 4th. Finally, Wedbush dropped their target price on ANSYS from $114.00 to $101.00 and set a “neutral” rating for the company in a research report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. ANSYS currently has an average rating of “Hold” and a consensus price target of $105.75.
In other news, Director Patrick J. Zilvitis sold 2,000 shares of ANSYS stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $124.00, for a total transaction of $248,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Thurk sold 4,800 shares of ANSYS stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $123.95, for a total transaction of $594,960.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
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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