Cerity Partners LLC decreased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 4.6% during the first quarter, HoldingsChannel.com reports. The fund owned 5,472 shares of the software maker’s stock after selling 262 shares during the period. Cerity Partners LLC’s holdings in ANSYS were worth $1,858,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of ANSS. Alps Advisors Inc. raised its position in shares of ANSYS by 28.8% in the first quarter. Alps Advisors Inc. now owns 7,442 shares of the software maker’s stock valued at $2,527,000 after purchasing an additional 1,665 shares during the period. Nordea Investment Management AB lifted its position in shares of ANSYS by 42.1% during the 4th quarter. Nordea Investment Management AB now owns 581,735 shares of the software maker’s stock worth $211,635,000 after purchasing an additional 172,329 shares during the last quarter. Fundsmith LLP lifted its position in shares of ANSYS by 6.6% during the 4th quarter. Fundsmith LLP now owns 357,103 shares of the software maker’s stock worth $129,914,000 after purchasing an additional 22,070 shares during the last quarter. FormulaFolio Investments LLC acquired a new position in shares of ANSYS during the 4th quarter worth about $231,000. Finally, Grandview Asset Management LLC acquired a new position in shares of ANSYS during the 1st quarter worth about $27,000. Hedge funds and other institutional investors own 89.88% of the company’s stock.
Shares of ANSS opened at $332.16 on Thursday. The company has a fifty day simple moving average of $345.71. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.19. ANSYS, Inc. has a 52-week low of $277.13 and a 52-week high of $413.19. The company has a market cap of $28.95 billion, a P/E ratio of 63.15, a price-to-earnings-growth ratio of 4.97 and a beta of 1.22.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Tuesday, May 4th. The software maker reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.28. The firm had revenue of $372.15 million during the quarter, compared to analysts’ expectations of $352.75 million. ANSYS had a net margin of 26.46% and a return on equity of 12.80%. On average, sell-side analysts forecast that ANSYS, Inc. will post 5.48 EPS for the current fiscal year.
In other ANSYS news, SVP Richard S. Mahoney sold 3,467 shares of the stock in a transaction on Monday, April 26th. The stock was sold at an average price of $369.16, for a total value of $1,279,877.72. Following the transaction, the senior vice president now directly owns 37,947 shares in the company, valued at approximately $14,008,514.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barbara Vaughn Scherer sold 750 shares of the stock in a transaction on Friday, June 4th. The shares were sold at an average price of $338.40, for a total value of $253,800.00. Following the completion of the transaction, the director now owns 12,344 shares in the company, valued at $4,177,209.60. The disclosure for this sale can be found here. Insiders sold a total of 7,467 shares of company stock valued at $2,684,718 in the last 90 days. Corporate insiders own 0.63% of the company’s stock.
A number of research firms recently weighed in on ANSS. Royal Bank of Canada decreased their target price on ANSYS from $380.00 to $360.00 and set a “sector perform” rating on the stock in a research report on Friday, May 7th. Zacks Investment Research cut ANSYS from a “buy” rating to a “hold” rating and set a $345.00 target price for the company. in a research report on Tuesday, June 8th. Stifel Nicolaus started coverage on shares of ANSYS in a research report on Tuesday, May 25th. They issued a “hold” rating and a $365.00 price target for the company. Bank of America started coverage on shares of ANSYS in a research report on Monday, April 19th. They issued a “buy” rating and a $100.00 price target for the company. Finally, Credit Suisse Group dropped their price target on shares of ANSYS from $413.00 to $392.00 and set an “outperform” rating for the company in a research report on Friday, February 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. ANSYS presently has a consensus rating of “Hold” and an average price target of $313.33.
About ANSYS
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; and structural analysis product suite that provides simulation tools for product design and optimization.
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