Neuberger Berman Group LLC lifted its position in ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 1.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 424,755 shares of the software maker’s stock after purchasing an additional 5,433 shares during the quarter. Neuberger Berman Group LLC owned 0.49% of ANSYS worth $134,942,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. Fieldpoint Private Securities LLC raised its stake in ANSYS by 167.6% during the first quarter. Fieldpoint Private Securities LLC now owns 91 shares of the software maker’s stock worth $29,000 after acquiring an additional 57 shares in the last quarter. Covestor Ltd raised its stake in ANSYS by 327.8% during the first quarter. Covestor Ltd now owns 154 shares of the software maker’s stock worth $49,000 after acquiring an additional 118 shares in the last quarter. Ellevest Inc. raised its stake in ANSYS by 43.8% during the first quarter. Ellevest Inc. now owns 161 shares of the software maker’s stock worth $51,000 after acquiring an additional 49 shares in the last quarter. McIlrath & Eck LLC grew its holdings in shares of ANSYS by 34.6% during the first quarter. McIlrath & Eck LLC now owns 175 shares of the software maker’s stock worth $56,000 after purchasing an additional 45 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of ANSYS by 254.3% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 163 shares of the software maker’s stock worth $65,000 after purchasing an additional 117 shares during the last quarter. 90.80% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the company. TheStreet upgraded ANSYS from a “c” rating to a “b-” rating in a report on Tuesday, August 16th. Wolfe Research assumed coverage on ANSYS in a report on Tuesday, August 16th. They set an “outperform” rating and a $320.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on ANSYS in a report on Friday. They set an “overweight” rating and a $275.00 target price on the stock. Robert W. Baird increased their target price on ANSYS to $345.00 in a report on Monday, August 15th. Finally, Rosenblatt Securities decreased their target price on ANSYS from $315.00 to $285.00 and set a “neutral” rating on the stock in a report on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, ANSYS presently has an average rating of “Hold” and an average price target of $277.33.
ANSYS Price Performance
ANSYS (NASDAQ:ANSS – Get Rating) last issued its earnings results on Wednesday, August 3rd. The software maker reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.16. ANSYS had a return on equity of 11.98% and a net margin of 22.96%. During the same quarter in the previous year, the company earned $1.38 EPS. On average, equities analysts predict that ANSYS, Inc. will post 6.08 earnings per share for the current year.
ANSYS Company Profile
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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