State of New Jersey Common Pension Fund D reduced its position in ANSYS, Inc. (NASDAQ:ANSS) by 3.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 51,517 shares of the software maker’s stock after selling 1,969 shares during the period. State of New Jersey Common Pension Fund D’s holdings in ANSYS were worth $17,493,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of ANSS. Morgan Stanley lifted its position in shares of ANSYS by 334.9% in the fourth quarter. Morgan Stanley now owns 516,506 shares of the software maker’s stock worth $187,904,000 after buying an additional 397,729 shares in the last quarter. Norges Bank purchased a new stake in shares of ANSYS in the fourth quarter worth about $133,527,000. Ownership Capital B.V. lifted its position in shares of ANSYS by 28.2% in the fourth quarter. Ownership Capital B.V. now owns 1,391,636 shares of the software maker’s stock worth $126,959,000 after buying an additional 306,306 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of ANSYS by 42.1% in the fourth quarter. Nordea Investment Management AB now owns 581,735 shares of the software maker’s stock worth $211,635,000 after buying an additional 172,329 shares in the last quarter. Finally, Eaton Vance Management lifted its position in shares of ANSYS by 587.1% in the fourth quarter. Eaton Vance Management now owns 171,468 shares of the software maker’s stock worth $62,380,000 after buying an additional 146,513 shares in the last quarter. Institutional investors own 89.44% of the company’s stock.
In related news, SVP Shane Emswiler sold 5,549 shares of the stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $392.69, for a total value of $2,179,036.81. Following the transaction, the senior vice president now owns 27,746 shares of the company’s stock, valued at $10,895,576.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Richard S. Mahoney sold 3,224 shares of the stock in a transaction that occurred on Tuesday, February 16th. The stock was sold at an average price of $409.00, for a total value of $1,318,616.00. Following the completion of the transaction, the senior vice president now directly owns 42,411 shares in the company, valued at approximately $17,346,099. The disclosure for this sale can be found here. In the last three months, insiders sold 19,624 shares of company stock worth $7,221,645. 0.58% of the stock is owned by insiders.
A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded ANSYS from a “sell” rating to a “hold” rating and set a $392.00 price objective on the stock in a research report on Wednesday, April 28th. Royal Bank of Canada decreased their price objective on ANSYS from $400.00 to $380.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 4th. Credit Suisse Group decreased their price objective on ANSYS from $413.00 to $392.00 and set an “outperform” rating on the stock in a research report on Thursday, March 4th. Finally, Bank of America assumed coverage on ANSYS in a research report on Monday, April 19th. They set a “buy” rating and a $100.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $310.56.
ANSS opened at $361.55 on Tuesday. The stock has a market cap of $31.50 billion, a price-to-earnings ratio of 81.80 and a beta of 1.23. The stock’s 50 day moving average price is $353.65 and its 200-day moving average price is $349.91. ANSYS, Inc. has a one year low of $244.53 and a one year high of $413.19. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.60 and a current ratio of 2.60.
ANSYS (NASDAQ:ANSS) last released its earnings results on Tuesday, February 23rd. The software maker reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.42. The firm had revenue of $627.77 million for the quarter, compared to analysts’ expectations of $564.55 million. ANSYS had a return on equity of 12.09% and a net margin of 24.88%. During the same quarter in the prior year, the firm posted $2.24 earnings per share. As a group, analysts predict that ANSYS, Inc. will post 4.95 earnings per share for the current fiscal year.
ANSYS Company Profile
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which its engineering simulation technologies are built; multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; high-performance computing product suite, which delivers cross-physics parallel processing capabilities for simulation software; and structural analysis product suite that provides simulation tools for product design and optimization.
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