Bank of Montreal Can purchased a new position in shares of Ansys Inc. (NASDAQ:ANSS) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 43,268 shares of the company’s stock, valued at approximately $3,926,000.
Several other hedge funds have also recently made changes to their positions in the stock. Hartford Investment Management Co. raised its stake in shares of Ansys by 2.3% in the second quarter. Hartford Investment Management Co. now owns 2,483 shares of the company’s stock worth $225,000 after buying an additional 56 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Ansys by 6.6% in the first quarter. Geode Capital Management LLC now owns 604,864 shares of the company’s stock worth $54,087,000 after buying an additional 37,332 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Ansys by 0.9% in the first quarter. Legal & General Group Plc now owns 354,837 shares of the company’s stock worth $31,740,000 after buying an additional 3,182 shares during the last quarter. Trust Department MB Financial Bank N A raised its stake in shares of Ansys by 5.4% in the second quarter. Trust Department MB Financial Bank N A now owns 111,557 shares of the company’s stock worth $10,179,000 after buying an additional 5,753 shares during the last quarter. Finally, Invictus RG purchased a new stake in shares of Ansys during the first quarter worth approximately $137,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ansys Inc. (NASDAQ:ANSS) traded down 0.65% during midday trading on Friday, reaching $91.15. The company’s stock had a trading volume of 450,260 shares. The company’s 50-day moving average price is $93.08 and its 200 day moving average price is $90.82. The company has a market capitalization of $7.95 billion, a P/E ratio of 31.64 and a beta of 0.99. Ansys Inc. has a 12-month low of $80.51 and a 12-month high of $98.99.
Ansys (NASDAQ:ANSS) last announced its earnings results on Thursday, August 4th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. The business had revenue of $246.10 million for the quarter, compared to analyst estimates of $244.84 million. Ansys had a return on equity of 13.33% and a net margin of 27.06%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. On average, equities research analysts forecast that Ansys Inc. will post $3.62 earnings per share for the current year.
ANSS has been the topic of a number of recent research reports. Zacks Investment Research lowered Ansys from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Evercore ISI initiated coverage on Ansys in a research note on Wednesday, September 14th. They set a “hold” rating and a $90.00 price target on the stock. Wedbush reissued a “neutral” rating and set a $88.00 price target on shares of Ansys in a research note on Wednesday, August 31st. Finally, Barclays PLC lifted their price target on Ansys from $86.00 to $94.00 and gave the company an “equal weight” rating in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target 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.