KBC Group NV raised its stake in ANSYS, Inc. (NASDAQ:ANSS) by 383.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,433 shares of the software maker’s stock after acquiring an additional 42,375 shares during the quarter. KBC Group NV owned approximately 0.06% of ANSYS worth $6,558,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of ANSYS by 21.8% in the second quarter. Vanguard Group Inc. now owns 8,496,114 shares of the software maker’s stock valued at $1,033,807,000 after buying an additional 1,520,201 shares in the last quarter. FMR LLC increased its position in shares of ANSYS by 0.7% in the second quarter. FMR LLC now owns 6,684,365 shares of the software maker’s stock valued at $813,354,000 after buying an additional 45,211 shares in the last quarter. State Street Corp increased its position in shares of ANSYS by 20.9% in the second quarter. State Street Corp now owns 3,512,429 shares of the software maker’s stock valued at $427,401,000 after buying an additional 607,765 shares in the last quarter. Northern Trust Corp increased its position in shares of ANSYS by 10.4% in the second quarter. Northern Trust Corp now owns 1,258,415 shares of the software maker’s stock valued at $153,125,000 after buying an additional 118,630 shares in the last quarter. Finally, Pictet Asset Management Ltd. increased its position in shares of ANSYS by 13.6% in the third quarter. Pictet Asset Management Ltd. now owns 1,091,618 shares of the software maker’s stock valued at $133,975,000 after buying an additional 130,628 shares in the last quarter. 96.95% of the stock is owned by institutional investors.
A number of analysts have recently commented on ANSS shares. Wedbush restated a “neutral” rating and issued a $129.19 price objective (up from $114.00) on shares of ANSYS in a research report on Friday, September 15th. Barclays cut their price objective on ANSYS from $115.00 to $113.00 and set an “underweight” rating for the company in a research report on Friday, September 15th. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research report on Tuesday, November 7th. Citigroup boosted their price objective on ANSYS from $125.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $118.00 price objective on shares of ANSYS in a research report on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $128.91.
Shares of ANSYS, Inc. (NASDAQ:ANSS) opened at $143.44 on Wednesday. ANSYS, Inc. has a 12-month low of $91.89 and a 12-month high of $155.14. The company has a market capitalization of $12,180.00, a P/E ratio of 41.87 and a beta of 1.06.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.10. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The firm had revenue of $276.77 million during the quarter, compared to analysts’ expectations of $263.77 million. During the same period in the previous year, the business earned $0.95 earnings per share. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. analysts expect that ANSYS, Inc. will post 3.57 EPS for the current fiscal year.
In related news, Director Barbara Vaughn Scherer sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $150.00, for a total transaction of $150,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shane Emswiler sold 12,504 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $151.96, for a total value of $1,900,107.84. The disclosure for this sale can be found here. Insiders have sold 18,504 shares of company stock valued at $2,808,608 over the last quarter. 1.30% of the stock is owned by company insiders.
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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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