Principal Financial Group Inc. trimmed its stake in ANSYS, Inc. (NASDAQ:ANSS) by 60.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 139,452 shares of the software maker’s stock after selling 211,547 shares during the period. Principal Financial Group Inc. owned about 0.16% of ANSYS worth $16,969,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Strs Ohio grew its holdings in shares of ANSYS by 2.1% during the first quarter. Strs Ohio now owns 6,927 shares of the software maker’s stock worth $740,000 after purchasing an additional 141 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of ANSYS by 133.9% during the first quarter. First Trust Advisors LP now owns 62,739 shares of the software maker’s stock worth $6,705,000 after purchasing an additional 35,920 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of ANSYS by 35.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 9,368 shares of the software maker’s stock worth $1,027,000 after purchasing an additional 2,442 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of ANSYS by 10.9% during the first quarter. Daiwa Securities Group Inc. now owns 2,550 shares of the software maker’s stock worth $273,000 after purchasing an additional 250 shares during the last quarter. Finally, World Asset Management Inc grew its holdings in shares of ANSYS by 4.0% during the first quarter. World Asset Management Inc now owns 5,528 shares of the software maker’s stock worth $591,000 after purchasing an additional 214 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.
Several brokerages have recently commented on ANSS. Royal Bank Of Canada restated a “hold” rating and set a $118.00 target price on shares of ANSYS in a report on Monday, September 11th. Zacks Investment Research upgraded ANSYS from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Evercore ISI set a $113.00 target price on ANSYS and gave the stock a “hold” rating in a report on Saturday, June 10th. BidaskClub cut ANSYS from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. Finally, Barclays PLC decreased their target price on ANSYS from $115.00 to $113.00 and set an “underweight” rating on the stock in a report on Friday. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $115.22.
ANSYS, Inc. (ANSS) opened at 121.82 on Friday. The company has a 50-day moving average price of $127.10 and a 200 day moving average price of $119.07. ANSYS, Inc. has a 12-month low of $82.28 and a 12-month high of $132.74. The company has a market cap of $10.33 billion, a PE ratio of 39.15 and a beta of 1.07.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.07. The business had revenue of $264.30 million for the quarter, compared to analyst estimates of $259.75 million. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. ANSYS’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. On average, analysts forecast that ANSYS, Inc. will post $3.86 EPS for the current fiscal year.
ANSYS Company Profile
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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