ANSYS, Inc. (NASDAQ:ANSS) Shares Acquired by BlackRock Inc.

BlackRock Inc. increased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 4.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,226,734 shares of the software maker’s stock after purchasing an additional 430,927 shares during the quarter. BlackRock Inc. owned approximately 10.65% of ANSYS worth $3,070,657,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in ANSS. Massmutual Trust Co. FSB ADV increased its holdings in shares of ANSYS by 57.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 99 shares of the software maker’s stock valued at $33,000 after purchasing an additional 36 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of ANSYS in the 1st quarter worth $36,000. Colonial Trust Advisors raised its holdings in shares of ANSYS by 127.7% during the 1st quarter. Colonial Trust Advisors now owns 107 shares of the software maker’s stock worth $36,000 after acquiring an additional 60 shares during the period. Gyon Technologies Capital Management LP acquired a new position in shares of ANSYS during the 4th quarter valued at about $37,000. Finally, Sandy Spring Bank purchased a new stake in shares of ANSYS in the fourth quarter valued at about $49,000. 90.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on ANSS shares. TheStreet downgraded shares of ANSYS from a “b-” rating to a “c+” rating in a research note on Tuesday, August 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $310.00 target price on shares of ANSYS in a research note on Friday, August 4th. Barclays upped their price target on ANSYS from $292.00 to $303.00 and gave the company an “underweight” rating in a research note on Friday, July 14th. Rosenblatt Securities reiterated a “buy” rating and issued a $320.00 target price on shares of ANSYS in a report on Friday, August 4th. Finally, Mizuho increased their price target on ANSYS from $280.00 to $310.00 in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $317.45.

ANSYS Price Performance

ANSYS stock opened at $318.48 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.20 and a current ratio of 2.20. ANSYS, Inc. has a one year low of $194.23 and a one year high of $351.23. The company has a market cap of $27.64 billion, a P/E ratio of 53.08, a price-to-earnings-growth ratio of 5.95 and a beta of 1.24. The business has a fifty day moving average of $320.33 and a two-hundred day moving average of $315.59.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.11. The business had revenue of $496.60 million for the quarter, compared to analysts’ expectations of $490.05 million. ANSYS had a return on equity of 11.83% and a net margin of 24.12%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 EPS. As a group, analysts predict that ANSYS, Inc. will post 6.61 earnings per share for the current fiscal year.

Insider Buying and Selling at ANSYS

In related news, CEO Ajei Gopal sold 52,221 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $328.01, for a total transaction of $17,129,010.21. Following the sale, the chief executive officer now owns 213,977 shares of the company’s stock, valued at $70,186,595.77. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $298.99, for a total transaction of $59,798.00. Following the completion of the sale, the director now directly owns 3,621 shares of the company’s stock, valued at approximately $1,082,642.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ajei Gopal sold 52,221 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $328.01, for a total value of $17,129,010.21. Following the sale, the chief executive officer now owns 213,977 shares of the company’s stock, valued at $70,186,595.77. The disclosure for this sale can be found here. Insiders have sold 68,263 shares of company stock valued at $22,672,660 over the last quarter. Corporate insiders own 0.53% of the company’s stock.

ANSYS 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 and the cloud; 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.