Pacer Advisors Inc. Boosts Stake in ANSYS, Inc. (ANSS)
Pacer Advisors Inc. raised its stake in ANSYS, Inc. (NASDAQ:ANSS) by 2.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,539 shares of the software maker’s stock after buying an additional 44 shares during the period. Pacer Advisors Inc.’s holdings in ANSYS were worth $164,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in ANSS. Aristotle Capital Management LLC acquired a new stake in shares of ANSYS during the fourth quarter valued at $91,995,000. Norges Bank acquired a new stake in shares of ANSYS during the fourth quarter valued at $74,213,000. KAMES CAPITAL plc boosted its stake in shares of ANSYS by 1,628.6% in the first quarter. KAMES CAPITAL plc now owns 712,016 shares of the software maker’s stock valued at $76,086,000 after buying an additional 670,825 shares in the last quarter. Bodenholm Capital AB acquired a new stake in shares of ANSYS during the fourth quarter valued at $32,740,000. Finally, Asset Management One Co. Ltd. boosted its stake in shares of ANSYS by 1,519.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 146,728 shares of the software maker’s stock valued at $13,573,000 after buying an additional 137,667 shares in the last quarter. Institutional investors own 98.38% of the company’s stock.
ANSYS, Inc. (ANSS) opened at 121.75 on Friday. ANSYS, Inc. has a 52-week low of $82.28 and a 52-week high of $129.85. The firm’s 50-day moving average is $122.11 and its 200-day moving average is $105.65. The company has a market cap of $10.41 billion, a PE ratio of 39.36 and a beta of 1.07.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, May 3rd. The software maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.77 by $0.04. ANSYS had a return on equity of 13.81% and a net margin of 26.82%. The business had revenue of $253.41 million for the quarter, compared to analyst estimates of $241.52 million. On average, equities research analysts anticipate that ANSYS, Inc. will post $3.78 EPS for the current year.
A number of research firms have weighed in on ANSS. Citigroup Inc. cut shares of ANSYS from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $112.00 to $114.00 in a research report on Thursday, May 4th. Zacks Investment Research upgraded shares of ANSYS from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of ANSYS in a research report on Thursday, February 23rd. Barclays PLC cut their price objective on shares of ANSYS from $115.00 to $96.00 and set an “underweight” rating on the stock in a research report on Monday, May 15th. Finally, Wedbush boosted their price objective on shares of ANSYS from $88.00 to $101.00 and gave the company a “neutral” rating in a research report on Friday, February 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $104.86.
In related news, Director Michael Thurk sold 4,800 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $123.95, for a total transaction of $594,960.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Sheila S. Dinardo sold 4,856 shares of the firm’s stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $105.17, for a total value of $510,705.52. Following the sale, the vice president now directly owns 8,842 shares of the company’s stock, valued at $929,913.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,932 shares of company stock worth $1,386,704. Insiders own 1.30% of the company’s stock.
ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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