Mirae Asset Global Investments Co. Ltd. decreased its position in ANSYS, Inc. (NASDAQ:ANSS) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,244 shares of the software maker’s stock after selling 189 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in ANSYS were worth $463,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in ANSS. AdvisorNet Financial Inc lifted its stake in ANSYS by 77.8% during the 4th quarter. AdvisorNet Financial Inc now owns 320 shares of the software maker’s stock valued at $46,000 after acquiring an additional 140 shares during the period. Meeder Asset Management Inc. bought a new position in ANSYS during the 4th quarter valued at about $69,000. Carroll Financial Associates Inc. lifted its stake in ANSYS by 36.9% during the 4th quarter. Carroll Financial Associates Inc. now owns 527 shares of the software maker’s stock valued at $77,000 after acquiring an additional 142 shares during the period. Enlightenment Research LLC bought a new position in ANSYS during the 4th quarter valued at about $101,000. Finally, Private Capital Group LLC lifted its stake in ANSYS by 9.0% during the 4th quarter. Private Capital Group LLC now owns 791 shares of the software maker’s stock valued at $113,000 after acquiring an additional 65 shares during the period. Institutional investors own 93.38% of the company’s stock.
Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $203.00 target price on the stock in a research note on Wednesday. BidaskClub upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Wedbush upped their target price on shares of ANSYS from $192.00 to $201.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Stifel Nicolaus set a $185.00 target price on shares of ANSYS and gave the company a “hold” rating in a research note on Thursday, February 28th. Finally, Mitsubishi UFJ Financial Group upped their target price on shares of ANSYS to $203.00 and gave the company an “overweight” rating in a research note on Thursday, February 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $181.69.
Shares of NASDAQ:ANSS opened at $180.38 on Friday. ANSYS, Inc. has a twelve month low of $136.80 and a twelve month high of $190.45. The company has a market capitalization of $15.11 billion, a PE ratio of 34.62 and a beta of 1.35.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, February 27th. The software maker reported $2.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.64. ANSYS had a net margin of 32.42% and a return on equity of 17.83%. The firm had revenue of $340.07 million for the quarter, compared to analysts’ expectations of $365.03 million. During the same quarter in the prior year, the business earned $1.07 EPS. The business’s quarterly revenue was up 12.1% on a year-over-year basis. On average, research analysts expect that ANSYS, Inc. will post 5.02 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This article was first posted by WKRB News and is the sole property of of WKRB News. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://www.wkrb13.com/2019/03/17/mirae-asset-global-investments-co-ltd-has-463000-position-in-ansys-inc-anss.html.
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.
Read More: What is a Stop Order?
Want to see what other hedge funds are holding ANSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANSYS, Inc. (NASDAQ:ANSS).
Receive News & Ratings for ANSYS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS and related companies with MarketBeat.com's FREE daily email newsletter.