Allspring Global Investments Holdings LLC boosted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,144 shares of the software maker’s stock after purchasing an additional 2,888 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in ANSYS were worth $8,456,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of ANSS. Vanguard Group Inc. raised its stake 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 buying an additional 110,111 shares in the last quarter. FMR LLC raised its stake 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 buying an additional 517,220 shares in the last quarter. Bishop Rock Capital L.P. raised its stake 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 buying an additional 2,277,565 shares in the last quarter. Northern Trust Corp raised its stake 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 buying an additional 62,667 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of ANSYS by 9.5% in the 3rd quarter. Nordea Investment Management AB now owns 1,172,737 shares of the software maker’s stock valued at $267,618,000 after buying an additional 101,489 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada dropped their price objective on shares of ANSYS from $260.00 to $248.00 and set a “sector perform” rating for the company in a research note on Friday, November 4th. Rosenblatt Securities raised shares of ANSYS from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $295.00 to $270.00 in a report on Monday, October 24th. StockNews.com began coverage on shares of ANSYS in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Oppenheimer lowered their target price on shares of ANSYS from $325.00 to $275.00 in a report on Thursday, November 3rd. Finally, TheStreet lowered shares of ANSYS from a “b-” rating to a “c+” rating in a report on Monday, September 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $262.64.
ANSYS Price Performance
ANSYS (NASDAQ:ANSS – Get Rating) last released its quarterly earnings results on Wednesday, November 2nd. The software maker reported $1.35 EPS for the quarter, beating the consensus estimate of $1.18 by $0.17. ANSYS had a net margin of 23.13% and a return on equity of 12.13%. The business had revenue of $472.51 million for the quarter, compared to analysts’ expectations of $467.78 million. During the same period in the prior year, the firm earned $1.19 earnings per share. ANSYS’s revenue was up 7.1% compared to the same quarter last year. Sell-side analysts anticipate that ANSYS, Inc. will post 6.06 earnings per share for the current fiscal year.
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.
- Get a free copy of the StockNews.com research report on ANSYS (ANSS)
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