Robeco Institutional Asset Management B.V. lifted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS – Free Report) by 30.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,691 shares of the software maker’s stock after buying an additional 9,707 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in ANSYS were worth $13,769,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Altshuler Shaham Ltd acquired a new stake in ANSYS during the 2nd quarter worth $29,000. Massmutual Trust Co. FSB ADV boosted its position in shares of ANSYS by 57.1% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 99 shares of the software maker’s stock worth $33,000 after purchasing an additional 36 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of ANSYS during the first quarter worth $36,000. Colonial Trust Advisors increased its holdings in ANSYS by 127.7% in the first quarter. Colonial Trust Advisors now owns 107 shares of the software maker’s stock valued at $36,000 after purchasing an additional 60 shares during the last quarter. Finally, Gyon Technologies Capital Management LP bought a new position in ANSYS during the fourth quarter worth about $37,000. 90.21% of the stock is owned by institutional investors.
Analysts Set New Price Targets
ANSS has been the topic of a number of analyst reports. Mizuho increased their price target on shares of ANSYS from $280.00 to $310.00 in a research report on Monday, July 17th. Royal Bank of Canada reissued a “sector perform” rating and set a $310.00 price target on shares of ANSYS in a research report on Friday, August 4th. TheStreet cut shares of ANSYS from a “b-” rating to a “c+” rating in a research report on Tuesday, August 22nd. Barclays lifted their target price on ANSYS from $292.00 to $303.00 and gave the stock an “underweight” rating in a report on Friday, July 14th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $320.00 price target on shares of ANSYS in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, ANSYS currently has an average rating of “Hold” and a consensus price target of $317.45.
ANSYS Price Performance
NASDAQ ANSS opened at $296.51 on Monday. The firm’s 50 day moving average is $306.31 and its 200-day moving average is $316.29. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $25.73 billion, a PE ratio of 49.42, a price-to-earnings-growth ratio of 5.56 and a beta of 1.24. ANSYS, Inc. has a 12-month low of $194.23 and a 12-month high of $351.23.
ANSYS (NASDAQ:ANSS – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.11. ANSYS had a net margin of 24.12% and a return on equity of 11.83%. The firm had revenue of $496.60 million for the quarter, compared to analyst estimates of $490.05 million. During the same period in the previous year, the business earned $1.39 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. Equities research analysts anticipate that ANSYS, Inc. will post 6.61 earnings per share for the current fiscal year.
Insider Buying and Selling
In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $298.99, for a total transaction of $59,798.00. Following the transaction, the director now owns 3,621 shares of the company’s stock, valued at approximately $1,082,642.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Ajei Gopal sold 13,262 shares of ANSYS stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $350.04, for a total value of $4,642,230.48. Following the completion of the transaction, the chief executive officer now owns 213,977 shares of the company’s stock, valued at approximately $74,900,509.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $298.99, for a total transaction of $59,798.00. Following the transaction, the director now owns 3,621 shares in the company, valued at $1,082,642.79. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.
ANSYS Company Profile
ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite and the cloud; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.
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