Massmutual Trust Co. FSB ADV Buys 59 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Massmutual Trust Co. FSB ADV lifted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSSGet Rating) by 89.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125 shares of the software maker’s stock after buying an additional 59 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in ANSYS were worth $30,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of ANSYS by 1.2% during the first quarter. Vanguard Group Inc. now owns 9,524,822 shares of the software maker’s stock valued at $3,025,560,000 after buying an additional 110,111 shares during the last quarter. BlackRock Inc. boosted its position in shares of ANSYS by 13.2% during the first quarter. BlackRock Inc. now owns 8,661,643 shares of the software maker’s stock valued at $2,751,371,000 after buying an additional 1,009,148 shares during the last quarter. State Street Corp boosted its position in shares of ANSYS by 2.6% during the fourth quarter. State Street Corp now owns 3,515,046 shares of the software maker’s stock valued at $1,409,955,000 after buying an additional 89,226 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of ANSYS by 1.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,472,973 shares of the software maker’s stock valued at $785,540,000 after buying an additional 30,629 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of ANSYS by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 1,634,220 shares of the software maker’s stock valued at $653,901,000 after buying an additional 50,125 shares during the last quarter. 90.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. initiated coverage on ANSYS in a research report on Friday. They set an “overweight” rating and a $275.00 price objective on the stock. Citigroup raised their target price on ANSYS to $311.00 in a research report on Tuesday, August 9th. Barclays raised their target price on ANSYS from $245.00 to $250.00 and gave the stock an “underweight” rating in a research report on Friday, August 5th. Mizuho dropped their target price on ANSYS from $285.00 to $265.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 19th. Finally, Robert W. Baird raised their target price on ANSYS to $345.00 in a research report on Monday, August 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $277.33.

ANSYS Stock Up 0.3 %

ANSS stock opened at $241.43 on Tuesday. The business’s 50-day moving average price is $261.02 and its 200-day moving average price is $269.17. The stock has a market cap of $21.02 billion, a P/E ratio of 46.34, a PEG ratio of 4.99 and a beta of 1.31. ANSYS, Inc. has a twelve month low of $225.92 and a twelve month high of $413.89. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.17.

ANSYS (NASDAQ:ANSSGet Rating) last issued its earnings results on Wednesday, August 3rd. The software maker reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 prior year, the firm posted $1.38 EPS. On average, equities research analysts forecast that ANSYS, Inc. will post 6.14 EPS for the current year.

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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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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