Cerity Partners LLC increased its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,397 shares of the software maker's stock after acquiring an additional 2,393 shares during the quarter. Cerity Partners LLC's holdings in ANSYS were worth $11,522,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ANSS. Meiji Yasuda Asset Management Co Ltd. boosted its stake in ANSYS by 2.8% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock worth $438,000 after purchasing an additional 35 shares during the last quarter. Personal CFO Solutions LLC boosted its stake in ANSYS by 2.8% during the 1st quarter. Personal CFO Solutions LLC now owns 1,410 shares of the software maker's stock worth $446,000 after purchasing an additional 38 shares during the last quarter. Beverly Hills Private Wealth LLC boosted its stake in ANSYS by 3.7% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 1,084 shares of the software maker's stock worth $343,000 after purchasing an additional 39 shares during the last quarter. Tsai Capital Corp boosted its stake in ANSYS by 0.5% during the 4th quarter. Tsai Capital Corp now owns 8,945 shares of the software maker's stock worth $3,017,000 after purchasing an additional 41 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in ANSYS by 1.3% during the 1st quarter. Bessemer Group Inc. now owns 3,223 shares of the software maker's stock worth $1,020,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.
ANSYS Trading Up 3.0%
Shares of ANSS stock opened at $385.85 on Tuesday. The company's 50-day moving average price is $345.03 and its 200-day moving average price is $333.72. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.12. The stock has a market cap of $33.92 billion, a price-to-earnings ratio of 57.25, a PEG ratio of 3.85 and a beta of 1.19. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $395.49.
ANSYS (NASDAQ:ANSS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). ANSYS had a net margin of 22.95% and a return on equity of 12.38%. The company had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. During the same period in the previous year, the company earned $1.39 EPS. The company's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current year.
Wall Street Analyst Weigh In
ANSS has been the topic of several recent research reports. Robert W. Baird set a $396.00 price target on shares of ANSYS in a research report on Monday. Wall Street Zen cut shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.
Get Our Latest Report on ANSS
About ANSYS
(
Free Report)
ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.
Read More
Want to see what other hedge funds are holding ANSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANSYS, Inc. (NASDAQ:ANSS - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ANSYS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ANSYS wasn't on the list.
While ANSYS currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
