Retirement Systems of Alabama reduced its stake in shares of Ansys Inc. (NASDAQ:ANSS) by 0.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 113,567 shares of the company’s stock after selling 170 shares during the period. Retirement Systems of Alabama’s holdings in Ansys were worth $10,306,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Invictus RG bought a new stake in Ansys during the first quarter valued at approximately $137,000. Seven Eight Capital LLC bought a new stake in Ansys during the first quarter valued at approximately $215,000. Hartford Investment Management Co. boosted its stake in Ansys by 2.3% in the second quarter. Hartford Investment Management Co. now owns 2,483 shares of the company’s stock valued at $225,000 after buying an additional 56 shares in the last quarter. Diversified Trust Co boosted its stake in Ansys by 8.7% in the second quarter. Diversified Trust Co now owns 2,500 shares of the company’s stock valued at $227,000 after buying an additional 200 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its stake in Ansys by 4.6% in the second quarter. Raymond James Trust N.A. now owns 2,961 shares of the company’s stock valued at $269,000 after buying an additional 129 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.
Ansys Inc. (NASDAQ:ANSS) traded down 0.29% on Thursday, hitting $92.11. The stock had a trading volume of 249,233 shares. Ansys Inc. has a one year low of $80.51 and a one year high of $98.99. The company’s 50-day moving average price is $94.19 and its 200 day moving average price is $90.66. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 31.97 and a beta of 0.99.
Ansys (NASDAQ:ANSS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.05. Ansys had a return on equity of 13.33% and a net margin of 27.06%. The firm earned $246.10 million during the quarter, compared to the consensus estimate of $244.84 million. During the same period in the previous year, the firm posted $0.85 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. Analysts expect that Ansys Inc. will post $3.62 earnings per share for the current year.
Several research firms recently commented on ANSS. Wedbush reaffirmed a “neutral” rating and issued a $86.00 price target on shares of Ansys in a report on Thursday, July 28th. Barclays PLC increased their price objective on Ansys from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Friday, August 5th. Zacks Investment Research upgraded Ansys from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Finally, Evercore ISI reiterated a “buy” rating on shares of Ansys in a research report on Friday, September 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $90.71.
Ansys Company Profile
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.
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