Smithfield Trust Co. increased its position in Ansys Inc. (NASDAQ:ANSS) by 4.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,293 shares of the company’s stock after buying an additional 148 shares during the period. Smithfield Trust Co.’s holdings in Ansys were worth $299,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Nordea Investment Management AB increased its stake in shares of Ansys by 3.3% in the second quarter. Nordea Investment Management AB now owns 47,854 shares of the company’s stock worth $4,343,000 after buying an additional 1,546 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Ansys by 16.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 312,561 shares of the company’s stock worth $28,365,000 after buying an additional 43,011 shares during the period. Harvey Investment Co. LLC increased its stake in shares of Ansys by 1.5% in the second quarter. Harvey Investment Co. LLC now owns 133,755 shares of the company’s stock worth $12,138,000 after buying an additional 1,945 shares during the period. Montag & Caldwell LLC increased its stake in shares of Ansys by 0.5% in the second quarter. Montag & Caldwell LLC now owns 7,852 shares of the company’s stock worth $713,000 after buying an additional 40 shares during the period. Finally, Trillium Asset Management LLC increased its stake in shares of Ansys by 2.8% in the second quarter. Trillium Asset Management LLC now owns 157,165 shares of the company’s stock worth $14,263,000 after buying an additional 4,265 shares during the period. 97.24% of the stock is owned by institutional investors and hedge funds.
Shares of Ansys Inc. (NASDAQ:ANSS) traded up 0.91% during trading on Tuesday, reaching $91.80. The company had a trading volume of 62,156 shares. The firm has a 50-day moving average of $92.87 and a 200 day moving average of $90.86. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 31.86 and a beta of 0.99. Ansys Inc. has a 52 week low of $80.51 and a 52 week high of $98.99.
Ansys (NASDAQ:ANSS) last posted its earnings results on Thursday, August 4th. The company reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.05. The company had revenue of $246.10 million for the quarter, compared to the consensus estimate of $244.84 million. Ansys had a return on equity of 13.33% and a net margin of 27.06%. Ansys’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. On average, equities research analysts forecast that Ansys Inc. will post $3.62 earnings per share for the current year.
ANSS has been the subject of a number of research analyst reports. Zacks Investment Research cut Ansys from a “hold” rating to a “sell” rating in a report on Friday, July 29th. Evercore ISI initiated coverage on Ansys in a report on Wednesday, September 14th. They set a “hold” rating and a $90.00 price target for the company. Barclays PLC increased their price target on Ansys from $86.00 to $94.00 and gave the stock an “equal weight” rating in a report on Friday, August 5th. Finally, Wedbush reiterated a “neutral” rating and set a $88.00 price target on shares of Ansys in a report on Wednesday, August 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $90.71.
Ansys Company Profile
ANSYS, Inc develops and markets engineering simulation software and services used by engineers, designers and students across industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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