State of Michigan Retirement System increased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 12.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,954 shares of the software maker’s stock after purchasing an additional 2,354 shares during the quarter. State of Michigan Retirement System’s holdings in ANSYS were worth $6,405,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Shine Investment Advisory Services Inc. acquired a new stake in ANSYS in the 2nd quarter valued at about $25,000. Heritage Wealth Advisors grew its position in shares of ANSYS by 1,095.2% in the second quarter. Heritage Wealth Advisors now owns 1,243 shares of the software maker’s stock valued at $30,000 after purchasing an additional 1,139 shares during the last quarter. CWM LLC increased its stake in shares of ANSYS by 161.0% during the 2nd quarter. CWM LLC now owns 107 shares of the software maker’s stock worth $31,000 after purchasing an additional 66 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new position in shares of ANSYS during the 1st quarter worth approximately $33,000. Finally, Bellevue Asset Management LLC lifted its stake in ANSYS by 1,380.0% in the 1st quarter. Bellevue Asset Management LLC now owns 148 shares of the software maker’s stock valued at $39,000 after buying an additional 138 shares in the last quarter. Institutional investors own 92.11% of the company’s stock.
A number of research firms have recently weighed in on ANSS. Barclays boosted their price target on ANSYS from $210.00 to $224.00 and gave the stock an “underweight” rating in a report on Monday, July 20th. Needham & Company LLC reissued a “hold” rating on shares of ANSYS in a research note on Thursday, May 7th. Wedbush raised their price target on shares of ANSYS from $280.00 to $308.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Royal Bank of Canada boosted their price objective on shares of ANSYS from $230.00 to $260.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $253.18.
ANSYS stock opened at $310.60 on Friday. ANSYS, Inc. has a 1 year low of $186.81 and a 1 year high of $312.56. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.40 and a current ratio of 2.40. The firm has a 50 day moving average price of $292.57 and a 200 day moving average price of $267.87. The company has a market cap of $26.59 billion, a price-to-earnings ratio of 65.25 and a beta of 1.22.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.03. The company had revenue of $308.90 million for the quarter, compared to analyst estimates of $309.20 million. ANSYS had a net margin of 27.34% and a return on equity of 13.73%. ANSYS’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the business earned $1.29 EPS. Sell-side analysts predict that ANSYS, Inc. will post 4.78 EPS for the current year.
In other ANSYS news, Director Nicole Anasenes sold 1,050 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $283.49, for a total transaction of $297,664.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.58% of the stock is currently owned by company insiders.
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
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