Assenagon Asset Management S.A. Boosts Stake in ANSYS, Inc. (NASDAQ:ANSS)

Assenagon Asset Management S.A. raised its holdings in shares of ANSYS, Inc. (NASDAQ:ANSSFree Report) by 88.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,277 shares of the software maker’s stock after buying an additional 9,522 shares during the quarter. Assenagon Asset Management S.A.’s holdings in ANSYS were worth $6,033,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. grew its position in ANSYS by 10.4% during the second quarter. BlackRock Inc. now owns 10,182,022 shares of the software maker’s stock worth $3,362,816,000 after buying an additional 955,288 shares in the last quarter. Vanguard Group Inc. grew its position in ANSYS by 1.2% during the first quarter. Vanguard Group Inc. now owns 9,524,822 shares of the software maker’s stock worth $3,025,560,000 after buying an additional 110,111 shares in the last quarter. State Street Corp grew its position in ANSYS by 2.2% during the second quarter. State Street Corp now owns 3,548,073 shares of the software maker’s stock worth $1,171,822,000 after buying an additional 76,787 shares in the last quarter. Geode Capital Management LLC grew its position in ANSYS by 2.2% during the second quarter. Geode Capital Management LLC now owns 1,909,950 shares of the software maker’s stock worth $629,206,000 after buying an additional 41,782 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in ANSYS by 21.9% during the second quarter. Franklin Resources Inc. now owns 1,342,800 shares of the software maker’s stock worth $443,486,000 after buying an additional 241,117 shares in the last quarter. 90.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ANSS has been the subject of a number of research reports. Bank of America cut ANSYS from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $356.00 to $295.00 in a report on Tuesday, November 14th. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. William Blair reiterated a “market perform” rating on shares of ANSYS in a report on Thursday, November 2nd. Mizuho cut their price objective on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. Finally, Oppenheimer cut their price objective on ANSYS from $400.00 to $320.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ANSYS currently has a consensus rating of “Hold” and a consensus target price of $317.20.

Read Our Latest Stock Analysis on ANSS

Insider Transactions at ANSYS

In other news, CEO Ajei Gopal sold 9,566 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $298.29, for a total value of $2,853,442.14. Following the sale, the chief executive officer now directly owns 213,977 shares of the company’s stock, valued at approximately $63,827,199.33. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $345.68, for a total value of $69,136.00. Following the transaction, the director now directly owns 3,199 shares of the company’s stock, valued at approximately $1,105,830.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ajei Gopal sold 9,566 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $298.29, for a total value of $2,853,442.14. Following the completion of the transaction, the chief executive officer now directly owns 213,977 shares in the company, valued at $63,827,199.33. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

ANSYS Stock Performance

Shares of ANSS opened at $330.96 on Wednesday. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average price is $323.27 and its 200-day moving average price is $310.76. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31. The stock has a market cap of $28.75 billion, a P/E ratio of 59.74, a P/E/G ratio of 6.43 and a beta of 1.19.

ANSYS (NASDAQ:ANSSGet Free Report) last issued its quarterly earnings results on Wednesday, November 1st. The software maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.13. ANSYS had a return on equity of 10.73% and a net margin of 22.40%. The firm had revenue of $458.80 million for the quarter, compared to analysts’ expectations of $466.57 million. Equities research analysts anticipate that ANSYS, Inc. will post 6.47 earnings per share for the current fiscal year.

ANSYS Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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