Covea Finance Increases Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Covea Finance boosted its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 21.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,670 shares of the software maker’s stock after purchasing an additional 13,630 shares during the quarter. Covea Finance owned about 0.09% of ANSYS worth $25,982,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake 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 period. BlackRock Inc. grew its holdings in ANSYS by 4.9% during the 1st quarter. BlackRock Inc. now owns 9,226,734 shares of the software maker’s stock worth $3,070,657,000 after acquiring an additional 430,927 shares in the last quarter. State Street Corp increased its position in ANSYS by 2.7% during the 1st quarter. State Street Corp now owns 3,471,286 shares of the software maker’s stock valued at $1,155,244,000 after purchasing an additional 90,769 shares during the period. Bamco Inc. NY increased its position in ANSYS by 3.1% during the 4th quarter. Bamco Inc. NY now owns 1,953,122 shares of the software maker’s stock valued at $471,855,000 after purchasing an additional 59,073 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of ANSYS by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 1,868,168 shares of the software maker’s stock valued at $620,366,000 after purchasing an additional 38,946 shares in the last quarter. 90.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. 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 reiterated a “sector perform” rating and issued a $310.00 price target on shares of ANSYS in a report on Friday, August 4th. Rosenblatt Securities reissued a “buy” rating and issued a $320.00 price target on shares of ANSYS in a research report on Friday, August 4th. Barclays raised their price objective on ANSYS from $292.00 to $303.00 and gave the company an “underweight” rating in a research report on Friday, July 14th. Finally, StockNews.com started coverage on shares of ANSYS in a report on Thursday, August 17th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $317.45.

ANSYS Stock Down 1.4 %

NASDAQ:ANSS traded down $4.44 during mid-day trading on Friday, hitting $313.54. 135,468 shares of the company’s stock traded hands, compared to its average volume of 473,264. The company has a fifty day moving average of $319.17 and a 200 day moving average of $316.85. 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 twelve month low of $194.23 and a twelve month high of $351.23. The company has a market capitalization of $27.21 billion, a P/E ratio of 53.00, a P/E/G ratio of 5.83 and a beta of 1.24.

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

Insider Buying and Selling at ANSYS

In related news, CEO Ajei Gopal sold 13,262 shares of the company’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $350.04, for a total value of $4,642,230.48. Following the transaction, the chief executive officer now directly owns 213,977 shares of the company’s stock, valued at approximately $74,900,509.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other ANSYS news, CEO Ajei Gopal sold 13,262 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $350.04, for a total transaction of $4,642,230.48. Following the completion of the transaction, the chief executive officer now directly owns 213,977 shares of the company’s stock, valued at approximately $74,900,509.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred 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 sale, the director now owns 3,621 shares of the company’s stock, valued at $1,082,642.79. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

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.