Strs Ohio Makes New Investment in ANSYS, Inc. (NASDAQ:ANSS)

Strs Ohio purchased a new position in shares of ANSYS, Inc. (NASDAQ:ANSSGet Rating) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,803 shares of the software maker’s stock, valued at approximately $843,000.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in shares of ANSYS by 12.4% in the 1st quarter. American Century Companies Inc. now owns 2,254 shares of the software maker’s stock valued at $716,000 after purchasing an additional 248 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of ANSYS by 59.0% in the 1st quarter. Panagora Asset Management Inc. now owns 4,430 shares of the software maker’s stock valued at $1,407,000 after purchasing an additional 1,643 shares in the last quarter. Cibc World Market Inc. boosted its stake in shares of ANSYS by 7.3% in the 1st quarter. Cibc World Market Inc. now owns 2,323 shares of the software maker’s stock valued at $738,000 after purchasing an additional 158 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of ANSYS by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 301,397 shares of the software maker’s stock valued at $95,742,000 after purchasing an additional 10,284 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of ANSYS by 4.5% in the 1st quarter. Allianz Asset Management GmbH now owns 71,045 shares of the software maker’s stock valued at $22,567,000 after purchasing an additional 3,063 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

ANSYS Stock Performance

Shares of NASDAQ:ANSS opened at $254.10 on Monday. The stock has a market capitalization of $22.14 billion, a P/E ratio of 47.58, a P/E/G ratio of 4.82 and a beta of 1.26. ANSYS, Inc. has a 1-year low of $194.23 and a 1-year high of $354.62. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $244.14 and a two-hundred day moving average price of $244.29.

ANSYS (NASDAQ:ANSSGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The software maker reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.17. The firm had revenue of $472.51 million during the quarter, compared to analysts’ expectations of $467.78 million. ANSYS had a return on equity of 12.13% and a net margin of 23.13%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 EPS. Equities analysts predict that ANSYS, Inc. will post 6.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ANSS shares. Credit Suisse Group reduced their target price on shares of ANSYS from $319.00 to $274.00 and set an “outperform” rating on the stock in a research note on Friday, November 4th. Robert W. Baird raised ANSYS from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $281.00 to $295.00 in a report on Wednesday, December 14th. Barclays lifted their price target on ANSYS from $200.00 to $226.00 and gave the company an “underweight” rating in a report on Wednesday, January 11th. Mizuho lifted their price target on ANSYS from $210.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, December 8th. Finally, Citigroup cut their price target on ANSYS from $243.00 to $233.00 in a report on Friday, November 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, ANSYS has an average rating of “Hold” and an average target price of $262.64.

About ANSYS

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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