Pacer Advisors Inc. raised its stake in ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 1,074.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,490 shares of the software maker's stock after purchasing an additional 33,384 shares during the quarter. Pacer Advisors Inc.'s holdings in ANSYS were worth $8,090,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of ANSYS by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 9,524,822 shares of the software maker's stock valued at $3,025,560,000 after purchasing an additional 110,111 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of ANSYS by 13.2% in the 1st quarter. BlackRock Inc. now owns 8,661,643 shares of the software maker's stock valued at $2,751,371,000 after purchasing an additional 1,009,148 shares during the last quarter. FMR LLC boosted its holdings in shares of ANSYS by 22.1% in the 2nd quarter. FMR LLC now owns 2,857,563 shares of the software maker's stock valued at $683,787,000 after purchasing an additional 517,220 shares during the last quarter. Bishop Rock Capital L.P. boosted its holdings in shares of ANSYS by 9,241.9% in the 2nd quarter. Bishop Rock Capital L.P. now owns 2,302,209 shares of the software maker's stock valued at $9,621,000 after purchasing an additional 2,277,565 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of ANSYS by 5.6% in the 1st quarter. Northern Trust Corp now owns 1,177,783 shares of the software maker's stock valued at $374,122,000 after purchasing an additional 62,667 shares during the last quarter. Institutional investors and hedge funds own 89.82% of the company's stock.
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Insider Transactions at ANSYS
In other news, SVP Shane Emswiler sold 436 shares of the business's stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $233.59, for a total value of $101,845.24. Following the completion of the sale, the senior vice president now owns 26,572 shares of the company's stock, valued at approximately $6,206,953.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.63% of the company's stock.
ANSYS Price Performance
ANSS opened at $237.55 on Friday. The company has a 50-day moving average of $235.97 and a 200-day moving average of $244.03. The company has a market capitalization of $20.69 billion, a P/E ratio of 44.49, a PEG ratio of 4.93 and a beta of 1.27. ANSYS, Inc. has a 1-year low of $194.23 and a 1-year high of $413.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.38 and a current ratio of 2.38.
ANSYS (NASDAQ:ANSS – Get Rating) last released its earnings results on Wednesday, November 2nd. The software maker reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.17. The company had revenue of $472.51 million during the quarter, compared to the consensus estimate of $467.78 million. ANSYS had a net margin of 23.13% and a return on equity of 12.13%. The company's revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.19 EPS. Equities analysts expect that ANSYS, Inc. will post 6.06 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. TheStreet downgraded shares of ANSYS from a "b-" rating to a "c+" rating in a research note on Monday, September 19th. Credit Suisse Group cut their target price on shares of ANSYS from $319.00 to $274.00 and set an "outperform" rating on the stock in a research note on Friday, November 4th. StockNews.com assumed coverage on shares of ANSYS in a research note on Wednesday, October 12th. They issued a "hold" rating on the stock. Oppenheimer cut their target price on shares of ANSYS from $325.00 to $275.00 in a research note on Thursday, November 3rd. Finally, Mizuho raised their target price on shares of ANSYS from $210.00 to $220.00 and gave the company a "neutral" rating in a research note on Thursday, December 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $260.27.
About ANSYS
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ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.
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