Fisher Asset Management LLC boosted its stake in Ansys Inc. (NASDAQ:ANSS) by 23.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 69,595 shares of the company’s stock after buying an additional 13,414 shares during the period. Fisher Asset Management LLC’s holdings in Ansys were worth $6,445,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Fund Advisors increased its stake in Ansys by 23.6% in the second quarter. BlackRock Fund Advisors now owns 4,258,345 shares of the company’s stock valued at $386,445,000 after buying an additional 813,593 shares during the period. Ownership Capital B.V. purchased a new stake in Ansys during the second quarter valued at about $29,979,000. BlackRock Institutional Trust Company N.A. increased its stake in Ansys by 8.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,906,491 shares of the company’s stock valued at $263,764,000 after buying an additional 236,716 shares during the period. Atlanta Capital Management Co. L L C increased its stake in Ansys by 5.0% in the second quarter. Atlanta Capital Management Co. L L C now owns 4,286,068 shares of the company’s stock valued at $388,961,000 after buying an additional 204,486 shares during the period. Finally, Mawer Investment Management Ltd. increased its stake in Ansys by 34.9% in the second quarter. Mawer Investment Management Ltd. now owns 745,151 shares of the company’s stock valued at $67,622,000 after buying an additional 192,758 shares during the period. 94.33% of the stock is currently owned by hedge funds and other institutional investors.
Ansys Inc. (NASDAQ:ANSS) traded down 0.77% on Monday, hitting $93.75. 480,842 shares of the stock traded hands. The stock has a 50-day moving average of $90.72 and a 200-day moving average of $91.10. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 31.88 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 issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.03. Ansys had a net margin of 27.20% and a return on equity of 13.39%. The business earned $245.90 million during the quarter, compared to analysts’ expectations of $249.89 million. During the same period in the previous year, the company earned $0.90 earnings per share. Ansys’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts forecast that Ansys Inc. will post $3.62 earnings per share for the current year.
ANSS has been the topic of several analyst reports. Evercore ISI initiated coverage on shares of Ansys in a research note on Wednesday, September 14th. They set a “hold” rating and a $90.00 price target on the stock. Zacks Investment Research raised shares of Ansys from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Barclays PLC lifted their price target on shares of Ansys from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Friday, August 5th. Benchmark Co. decreased their price objective on shares of Ansys from $90.00 to $86.00 and set a “hold” rating for the company in a report on Friday, November 4th. Finally, Wedbush reissued a “neutral” rating and set a $88.00 price objective on shares of Ansys in a report on Wednesday, August 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Ansys has an average rating of “Hold” and a consensus target price of $90.13.
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.