Sumitomo Mitsui Trust Holdings Inc. reduced its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 378,652 shares of the software maker’s stock after selling 6,318 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.45% of ANSYS worth $77,556,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Sumitomo Life Insurance Co. lifted its stake in shares of ANSYS by 3.6% in the second quarter. Sumitomo Life Insurance Co. now owns 14,396 shares of the software maker’s stock valued at $2,949,000 after buying an additional 504 shares during the period. Park Avenue Securities LLC lifted its stake in ANSYS by 8.6% during the second quarter. Park Avenue Securities LLC now owns 1,299 shares of the software maker’s stock worth $266,000 after purchasing an additional 103 shares during the period. Steward Partners Investment Advisory LLC bought a new position in ANSYS during the second quarter worth about $224,000. Ballentine Partners LLC bought a new position in ANSYS during the second quarter worth about $232,000. Finally, BTIM Corp. lifted its stake in ANSYS by 2.3% during the second quarter. BTIM Corp. now owns 76,631 shares of the software maker’s stock worth $15,696,000 after purchasing an additional 1,721 shares during the period. 93.54% of the stock is currently owned by institutional investors.
A number of research analysts have commented on ANSS shares. Zacks Investment Research upgraded shares of ANSYS from a “hold” rating to a “strong-buy” rating and set a $222.00 price target for the company in a research note on Friday. Citigroup started coverage on shares of ANSYS in a research note on Monday, July 22nd. They set a “buy” rating and a $250.00 price target for the company. Benchmark restated a “buy” rating and set a $210.00 price target (up previously from $203.00) on shares of ANSYS in a research note on Friday, May 3rd. JPMorgan Chase & Co. raised their price target on shares of ANSYS from $160.00 to $190.00 and gave the stock an “underweight” rating in a research note on Tuesday. Finally, Wedbush raised their price target on shares of ANSYS from $221.00 to $228.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. ANSYS presently has an average rating of “Buy” and a consensus target price of $202.22.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Monday, August 5th. The software maker reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.25. The company had revenue of $370.51 million during the quarter, compared to analyst estimates of $338.31 million. ANSYS had a net margin of 31.53% and a return on equity of 17.17%. The company’s revenue was up 20.0% on a year-over-year basis. During the same quarter last year, the business posted $1.35 earnings per share. Analysts predict that ANSYS, Inc. will post 5.18 EPS for the current fiscal year.
In other news, Director Alec D. Gallimore sold 638 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $185.78, for a total transaction of $118,527.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William R. Mcdermott sold 1,765 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $181.53, for a total transaction of $320,400.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,500 shares of company stock valued at $459,344. Company insiders own 1.11% of the company’s stock.
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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