Montag & Caldwell LLC raised its position in shares of Ansys Inc. (NASDAQ:ANSS) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,852 shares of the company’s stock after buying an additional 40 shares during the period. Montag & Caldwell LLC’s holdings in Ansys were worth $713,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of ANSS. Aperio Group LLC increased its position in shares of Ansys by 18.0% in the first quarter. Aperio Group LLC now owns 21,863 shares of the company’s stock worth $1,956,000 after buying an additional 3,340 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Ansys by 0.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 55,156 shares of the company’s stock worth $4,934,000 after buying an additional 450 shares during the last quarter. Ngam Advisors L.P. increased its position in shares of Ansys by 4.2% in the first quarter. Ngam Advisors L.P. now owns 25,586 shares of the company’s stock worth $2,289,000 after buying an additional 1,035 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Ansys by 16.7% in the first quarter. TIAA CREF Investment Management LLC now owns 219,179 shares of the company’s stock worth $19,608,000 after buying an additional 31,389 shares during the last quarter. Finally, Teachers Advisors Inc. increased its position in shares of Ansys by 4.3% in the first quarter. Teachers Advisors Inc. now owns 86,500 shares of the company’s stock worth $7,738,000 after buying an additional 3,598 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.
Shares of Ansys Inc. (NASDAQ:ANSS) traded up 0.70% during midday trading on Wednesday, hitting $92.38. 473,420 shares of the stock were exchanged. The stock’s 50-day moving average price is $94.46 and its 200-day moving average price is $90.64. Ansys Inc. has a 1-year low of $80.51 and a 1-year high of $98.99. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 32.07 and a beta of 0.99.
Ansys (NASDAQ:ANSS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.05. Ansys had a return on equity of 13.33% and a net margin of 27.06%. The business had revenue of $246.10 million for the quarter, compared to analysts’ expectations of $244.84 million. During the same period last year, the business earned $0.85 EPS. The business’s revenue was up 4.5% on a year-over-year basis. On average, analysts forecast that Ansys Inc. will post $3.62 EPS for the current year.
ANSS has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Ansys from a “hold” rating to a “sell” rating in a report on Tuesday. Evercore ISI restated a “buy” rating on shares of Ansys in a report on Friday, September 16th. Wedbush restated a “neutral” rating and set a $88.00 target price on shares of Ansys in a report on Wednesday, August 31st. Finally, Barclays PLC boosted their target price on shares of Ansys from $86.00 to $94.00 and gave the stock an “equal weight” rating in a report on Friday, August 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus 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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