Fort Pitt Capital Group LLC decreased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,532 shares of the software maker’s stock after selling 750 shares during the quarter. Fort Pitt Capital Group LLC’s holdings in ANSYS were worth $2,713,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Bartlett & Co. LLC purchased a new stake in ANSYS during the 3rd quarter worth $114,000. Fort L.P. purchased a new stake in ANSYS during the 2nd quarter worth $121,000. Piedmont Investment Advisors LLC purchased a new stake in ANSYS during the 2nd quarter worth $166,000. Steward Partners Investment Advisory LLC increased its stake in ANSYS by 338.8% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,040 shares of the software maker’s stock worth $181,000 after buying an additional 803 shares during the period. Finally, Emerald Advisers Inc. PA purchased a new stake in ANSYS during the 3rd quarter worth $201,000. 94.35% of the stock is currently owned by hedge funds and other institutional investors.
ANSS has been the topic of several analyst reports. William Blair initiated coverage on shares of ANSYS in a research note on Tuesday, October 9th. They set a “market perform” rating on the stock. BidaskClub downgraded shares of ANSYS from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Citigroup reaffirmed an “overweight” rating on shares of ANSYS in a research note on Tuesday, August 14th. Guggenheim initiated coverage on shares of ANSYS in a research note on Tuesday, August 7th. They set a “buy” rating and a $210.00 price target on the stock. Finally, Needham & Company LLC raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $172.00 price target on the stock in a research note on Monday, October 29th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $176.09.
ANSS opened at $169.68 on Friday. The stock has a market capitalization of $12.89 billion, a PE ratio of 37.29 and a beta of 1.29. ANSYS, Inc. has a 1-year low of $140.78 and a 1-year high of $190.45.
ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, November 7th. The software maker reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.19. The company had revenue of $293.00 million during the quarter, compared to the consensus estimate of $286.57 million. ANSYS had a net margin of 25.98% and a return on equity of 14.95%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 EPS. On average, equities research analysts forecast that ANSYS, Inc. will post 4.54 earnings per share for the current fiscal year.
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
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