Bbva Compass Bancshares Inc. cut its position in shares of Ansys Inc. (NASDAQ:ANSS) by 7.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 14,610 shares of the company’s stock after selling 1,169 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Ansys were worth $1,326,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in ANSS. Ownership Capital B.V. acquired a new position in shares of Ansys during the second quarter worth about $29,979,000. UBS Asset Management Americas Inc. boosted its position in shares of Ansys by 58.3% in the first quarter. UBS Asset Management Americas Inc. now owns 468,300 shares of the company’s stock worth $41,896,000 after buying an additional 172,403 shares in the last quarter. First Quadrant L P CA acquired a new position in shares of Ansys during the second quarter worth about $7,196,000. Atlanta Capital Management Co. L L C boosted its position in shares of Ansys by 1.6% in the first quarter. Atlanta Capital Management Co. L L C now owns 4,081,582 shares of the company’s stock worth $365,139,000 after buying an additional 63,577 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Ansys by 25.6% in the first quarter. Royal Bank of Canada now owns 306,470 shares of the company’s stock worth $27,416,000 after buying an additional 62,422 shares in the last quarter. Institutional investors own 97.24% of the company’s stock.
Ansys Inc. (NASDAQ:ANSS) traded up 1.09% during midday trading on Tuesday, hitting $91.96. 68,653 shares of the stock traded hands. The stock has a market capitalization of $8.02 billion, a PE ratio of 31.92 and a beta of 0.99. The firm’s 50 day moving average is $92.87 and its 200-day moving average is $90.86. Ansys Inc. has a 12-month low of $80.51 and a 12-month high of $98.99.
Ansys (NASDAQ:ANSS) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.05. Ansys had a net margin of 27.06% and a return on equity of 13.33%. The firm earned $246.10 million during the quarter, compared to analysts’ expectations of $244.84 million. During the same period in the previous year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts anticipate that Ansys Inc. will post $3.62 EPS for the current fiscal year.
ANSS has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Ansys from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. Evercore ISI initiated coverage on shares of Ansys in a research note on Wednesday, September 14th. They issued a “hold” rating and a $90.00 price objective for the company. Barclays PLC increased their price objective on shares of Ansys from $86.00 to $94.00 and gave the company an “equal weight” rating in a research note on Friday, August 5th. Finally, Wedbush restated a “neutral” rating and issued a $88.00 price objective on shares of Ansys in a research note on Wednesday, August 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Ansys currently has an average rating of “Hold” and a consensus target price 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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