New York State Common Retirement Fund lowered its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 745,376 shares of the software maker’s stock after selling 3,300 shares during the period. New York State Common Retirement Fund owned 0.88% of ANSYS worth $91,480,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of ANSS. WINTON GROUP Ltd purchased a new position in ANSYS in the 2nd quarter valued at approximately $243,000. Dimensional Fund Advisors LP grew its stake in ANSYS by 11.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 331,081 shares of the software maker’s stock valued at $40,284,000 after buying an additional 32,962 shares in the last quarter. Aviva PLC grew its stake in ANSYS by 2.9% in the 2nd quarter. Aviva PLC now owns 51,933 shares of the software maker’s stock valued at $6,317,000 after buying an additional 1,440 shares in the last quarter. Neuberger Berman Group LLC grew its stake in ANSYS by 1.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 414,743 shares of the software maker’s stock valued at $50,466,000 after buying an additional 7,443 shares in the last quarter. Finally, Amalgamated Bank grew its stake in ANSYS by 25.0% in the 2nd quarter. Amalgamated Bank now owns 17,469 shares of the software maker’s stock valued at $2,126,000 after buying an additional 3,490 shares in the last quarter. Institutional investors own 96.83% of the company’s stock.
In other news, VP Shane Emswiler sold 12,504 shares of ANSYS stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $151.96, for a total transaction of $1,900,107.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barbara Vaughn Scherer sold 1,000 shares of ANSYS stock in a transaction on Monday, November 13th. The stock was sold at an average price of $150.00, for a total transaction of $150,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,504 shares of company stock valued at $2,808,608. Insiders own 1.30% of the company’s stock.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.10. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. The firm had revenue of $276.77 million during the quarter, compared to the consensus estimate of $263.77 million. During the same period last year, the firm earned $0.95 EPS. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. equities analysts anticipate that ANSYS, Inc. will post 3.57 EPS for the current year.
ANSS has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a research note on Tuesday, October 3rd. Evercore ISI reiterated a “hold” rating and issued a $113.00 price objective on shares of ANSYS in a research note on Wednesday, September 13th. Needham & Company LLC reiterated a “hold” rating on shares of ANSYS in a research note on Friday, November 3rd. Robert W. Baird reiterated an “outperform” rating and issued a $155.00 price objective (up from $130.00) on shares of ANSYS in a research note on Friday, November 3rd. Finally, Wedbush reissued a “neutral” rating and issued a $114.00 price target (down from $136.00) on shares of ANSYS in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. ANSYS currently has a consensus rating of “Hold” and a consensus price target of $128.91.
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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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