Cwm LLC lifted its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 29.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,941 shares of the software maker's stock after buying an additional 2,032 shares during the period. Cwm LLC's holdings in ANSYS were worth $2,830,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Stephens Investment Management Group LLC grew its position in ANSYS by 3.4% in the 1st quarter. Stephens Investment Management Group LLC now owns 74,804 shares of the software maker's stock worth $23,680,000 after purchasing an additional 2,468 shares in the last quarter. Ballentine Partners LLC lifted its stake in shares of ANSYS by 24.0% in the first quarter. Ballentine Partners LLC now owns 1,565 shares of the software maker's stock worth $495,000 after buying an additional 303 shares in the last quarter. Xponance Inc. increased its holdings in ANSYS by 1.9% during the first quarter. Xponance Inc. now owns 12,177 shares of the software maker's stock valued at $3,855,000 after buying an additional 223 shares during the last quarter. WESPAC Advisors LLC purchased a new position in ANSYS during the first quarter valued at $231,000. Finally, Cerity Partners LLC lifted its holdings in shares of ANSYS by 7.0% in the 1st quarter. Cerity Partners LLC now owns 36,397 shares of the software maker's stock worth $11,522,000 after acquiring an additional 2,393 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on ANSS shares. Baird R W lowered shares of ANSYS from a "strong-buy" rating to a "hold" rating in a report on Monday. Wall Street Zen downgraded ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Finally, Robert W. Baird set a $396.00 price target on ANSYS in a report on Monday.
Check Out Our Latest Stock Analysis on ANSYS
ANSYS Price Performance
ANSYS stock opened at $387.85 on Friday. The stock's fifty day moving average price is $348.46 and its two-hundred day moving average price is $334.75. The firm has a market cap of $34.10 billion, a PE ratio of 57.54, a price-to-earnings-growth ratio of 3.85 and a beta of 1.19. ANSYS, Inc. has a one year low of $275.06 and a one year high of $395.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.66 and a quick ratio of 3.66.
ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). The company had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The business's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 earnings per share. As a group, research analysts expect that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.
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.
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