BlackRock Advisors LLC increased its position in shares of Ansys Inc. (NASDAQ:ANSS) by 8.7% during the second quarter, Holdings Channel reports. The firm owned 56,998 shares of the company’s stock after buying an additional 4,558 shares during the period. BlackRock Advisors LLC owned about 0.07% of Ansys worth $5,173,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. FineMark National Bank & Trust increased its position in Ansys by 76.6% in the second quarter. FineMark National Bank & Trust now owns 1,187 shares of the company’s stock worth $108,000 after buying an additional 515 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in Ansys during the second quarter worth approximately $118,000. Invictus RG bought a new position in Ansys during the first quarter worth approximately $137,000. Tower Research Capital LLC TRC increased its position in Ansys by 46.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,794 shares of the company’s stock worth $163,000 after buying an additional 571 shares during the period. Finally, Seven Eight Capital LLC bought a new position in Ansys during the first quarter worth approximately $215,000. 97.24% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ansys Inc. (NASDAQ:ANSS) opened at 91.15 on Monday. The firm has a market cap of $7.95 billion, a PE ratio of 31.64 and a beta of 0.99. The stock has a 50 day moving average of $93.08 and a 200 day moving average of $90.82. Ansys Inc. has a 1-year low of $80.51 and a 1-year high of $98.99.
Ansys (NASDAQ:ANSS) last released its earnings results 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 net margin of 27.06% and a return on equity of 13.33%. The firm earned $246.10 million during the quarter, compared to analyst estimates of $244.84 million. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that Ansys Inc. will post $3.62 earnings per share for the current fiscal year.
Several research analysts have issued reports on ANSS shares. Evercore ISI started coverage on shares of Ansys in a research report on Wednesday, September 14th. They set a “hold” rating and a $90.00 price objective on the stock. Wedbush reissued a “neutral” rating and set a $88.00 price objective on shares of Ansys in a research report on Wednesday, August 31st. Zacks Investment Research downgraded shares of Ansys from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. Finally, Barclays PLC raised their price objective on shares of Ansys from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Ansys currently has a consensus rating of “Hold” and a consensus price target of $90.71.
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.