Mirae Asset Global Investments Co. Ltd. lifted its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 58.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 26,589 shares of the software maker's stock after buying an additional 9,817 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in ANSYS were worth $8,645,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Swedbank AB bought a new position in ANSYS during the 1st quarter worth $128,089,000. M&G Plc bought a new stake in ANSYS in the 1st quarter valued at about $115,922,000. Magnetar Financial LLC acquired a new position in ANSYS during the 1st quarter valued at about $72,797,000. Matrix Capital Management Company LP bought a new position in ANSYS in the 1st quarter worth about $50,338,000. Finally, Canada Pension Plan Investment Board grew its position in ANSYS by 1,052.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 99,263 shares of the software maker's stock worth $34,460,000 after purchasing an additional 90,653 shares during the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.
ANSYS Price Performance
ANSS traded down $1.64 during trading on Monday, reaching $321.17. The stock had a trading volume of 363,183 shares, compared to its average volume of 525,618. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $320.27 and a two-hundred day moving average of $321.58. The firm has a market capitalization of $28.04 billion, a price-to-earnings ratio of 64.49, a price-to-earnings-growth ratio of 6.99 and a beta of 1.11.
ANSYS (NASDAQ:ANSS - Get Free Report) last released its earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.92 by $0.58. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The firm had revenue of $594.14 million for the quarter, compared to analyst estimates of $550.30 million. During the same period in the previous year, the company earned $1.06 earnings per share. ANSYS's revenue was up 19.6% compared to the same quarter last year. As a group, equities analysts anticipate that ANSYS, Inc. will post 7.32 EPS for the current fiscal year.
Insider Buying and Selling
In other news, Director Glenda Dorchak sold 152 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.46% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. Rosenblatt Securities reduced their price objective on ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a research report on Tuesday, August 6th. StockNews.com started coverage on ANSYS in a research note on Sunday, September 22nd. They set a "hold" rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $318.33.
View Our Latest Stock Report on ANSYS
About ANSYS
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Free Report)
ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.
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