Sumitomo Life Insurance Co. decreased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 8.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 13,892 shares of the software maker’s stock after selling 1,364 shares during the period. Sumitomo Life Insurance Co.’s holdings in ANSYS were worth $2,538,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of ANSS. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ANSYS in the 3rd quarter valued at about $640,000. First Republic Investment Management Inc. boosted its stake in ANSYS by 24.6% in the 3rd quarter. First Republic Investment Management Inc. now owns 5,615 shares of the software maker’s stock worth $1,048,000 after purchasing an additional 1,107 shares in the last quarter. Deutsche Bank AG boosted its stake in ANSYS by 15.2% in the 3rd quarter. Deutsche Bank AG now owns 135,415 shares of the software maker’s stock worth $25,276,000 after purchasing an additional 17,819 shares in the last quarter. Pacer Advisors Inc. boosted its stake in ANSYS by 25.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,800 shares of the software maker’s stock worth $896,000 after purchasing an additional 979 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in ANSYS by 15.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 16,418 shares of the software maker’s stock worth $3,065,000 after purchasing an additional 2,236 shares in the last quarter. 94.16% of the stock is currently owned by institutional investors and hedge funds.
ANSS opened at $189.33 on Wednesday. ANSYS, Inc. has a 12-month low of $136.80 and a 12-month high of $190.50. The company has a market cap of $15.88 billion, a price-to-earnings ratio of 36.34 and a beta of 1.35.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, February 27th. The software maker reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.57. ANSYS had a net margin of 32.42% and a return on equity of 17.83%. The company had revenue of $340.07 million during the quarter, compared to analyst estimates of $365.03 million. During the same period last year, the firm posted $1.07 EPS. ANSYS’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities analysts predict that ANSYS, Inc. will post 4.99 earnings per share for the current fiscal year.
ANSS has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Zacks Investment Research upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $200.00 target price for the company in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus set a $185.00 target price on shares of ANSYS and gave the stock a “hold” rating in a research note on Thursday, February 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $182.31.
In other news, insider Ajei Gopal sold 9,023 shares of ANSYS stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $186.00, for a total transaction of $1,678,278.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Thurk sold 3,500 shares of ANSYS stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $179.19, for a total transaction of $627,165.00. The disclosure for this sale can be found here. Insiders have sold a total of 61,060 shares of company stock valued at $11,042,442 over the last three months. 1.10% of the stock is currently owned by insiders.
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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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