Northern Trust Corp Sells 742 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Northern Trust Corp trimmed its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,134,872 shares of the software maker’s stock after selling 742 shares during the quarter. Northern Trust Corp owned approximately 1.35% of ANSYS worth $232,446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ANSS. Comerica Bank lifted its stake in ANSYS by 5.2% in the 1st quarter. Comerica Bank now owns 22,013 shares of the software maker’s stock valued at $4,136,000 after acquiring an additional 1,093 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in ANSYS by 0.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 125,947 shares of the software maker’s stock worth $23,012,000 after acquiring an additional 730 shares during the period. Stephens Inc. AR raised its stake in ANSYS by 6.1% during the 1st quarter. Stephens Inc. AR now owns 4,442 shares of the software maker’s stock valued at $812,000 after purchasing an additional 257 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its position in shares of ANSYS by 3.2% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 6,786 shares of the software maker’s stock valued at $1,240,000 after buying an additional 213 shares during the last quarter. Finally, State Treasurer State of Michigan raised its position in shares of ANSYS by 0.8% during the first quarter. State Treasurer State of Michigan now owns 24,100 shares of the software maker’s stock valued at $4,403,000 after buying an additional 200 shares during the last quarter. 93.64% of the stock is owned by institutional investors.

Shares of ANSYS stock traded up $4.33 during trading on Wednesday, hitting $214.71. 152,143 shares of the company’s stock traded hands, compared to its average volume of 491,550. The company has a market cap of $18.05 billion, a PE ratio of 41.21 and a beta of 1.41. The firm’s fifty day moving average price is $208.90 and its 200 day moving average price is $195.11. ANSYS, Inc. has a twelve month low of $136.80 and a twelve month high of $219.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.24 and a quick ratio of 2.24.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Monday, August 5th. The software maker reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.25. The firm 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 quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.35 earnings per share. As a group, equities research analysts anticipate that ANSYS, Inc. will post 5.2 earnings per share for the current year.

A number of equities research analysts recently weighed in on the company. Benchmark lifted their target price on ANSYS from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday. Guggenheim reaffirmed a “buy” rating on shares of ANSYS in a report on Wednesday, September 4th. JPMorgan Chase & Co. raised ANSYS from an “underweight” rating to a “neutral” rating and upped their price target for the company from $190.00 to $228.00 in a report on Wednesday. Evercore ISI reiterated a “hold” rating and issued a $160.00 price objective on shares of ANSYS in a research report on Tuesday, August 6th. Finally, Citigroup assumed coverage on ANSYS in a report on Monday, July 22nd. They set a “buy” rating and a $250.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. ANSYS has an average rating of “Buy” and a consensus price target of $210.67.

ANSYS Company Profile

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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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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