Penserra Capital Management LLC Purchases Shares of 10,237 ANSYS, Inc. (ANSS)
Penserra Capital Management LLC purchased a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,237 shares of the software maker’s stock, valued at approximately $1,245,000.
A number of other institutional investors have also made changes to their positions in the stock. Prudential Financial Inc. boosted its position in shares of ANSYS by 103.4% in the second quarter. Prudential Financial Inc. now owns 108,363 shares of the software maker’s stock valued at $13,185,000 after buying an additional 55,084 shares during the last quarter. Great Lakes Advisors LLC boosted its position in shares of ANSYS by 23.8% in the second quarter. Great Lakes Advisors LLC now owns 77,412 shares of the software maker’s stock valued at $9,419,000 after buying an additional 14,871 shares during the last quarter. Aviva PLC boosted its position in shares of ANSYS by 2.9% in the second quarter. Aviva PLC now owns 51,933 shares of the software maker’s stock valued at $6,317,000 after buying an additional 1,440 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of ANSYS by 31.4% in the second quarter. Victory Capital Management Inc. now owns 19,027 shares of the software maker’s stock valued at $2,315,000 after buying an additional 4,544 shares during the last quarter. Finally, Progressive Investment Management Corp boosted its position in shares of ANSYS by 0.5% in the second quarter. Progressive Investment Management Corp now owns 27,269 shares of the software maker’s stock valued at $3,318,000 after buying an additional 126 shares during the last quarter. 98.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of ANSYS, Inc. (NASDAQ:ANSS) opened at 127.77 on Friday. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 41.06 and a beta of 1.10. The stock’s 50 day moving average is $125.90 and its 200 day moving average is $116.22. ANSYS, Inc. has a 52 week low of $82.28 and a 52 week high of $131.63.
ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.07. The company had revenue of $264.30 million during the quarter, compared to analysts’ expectations of $259.75 million. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. ANSYS’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the business earned $0.93 EPS. On average, equities analysts forecast that ANSYS, Inc. will post $3.86 EPS for the current year.
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Several equities analysts recently weighed in on the stock. Berenberg Bank assumed coverage on shares of ANSYS in a research report on Wednesday. They issued a “hold” rating and a $123.00 price target on the stock. Zacks Investment Research raised shares of ANSYS from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. BidaskClub raised shares of ANSYS from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of ANSYS in a research note on Monday, July 17th. They issued a “neutral” rating and a $112.00 price objective for the company. Finally, Evercore ISI set a $113.00 price objective on shares of ANSYS and gave the company a “hold” rating in a research note on Saturday, June 10th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $107.67.
ANSYS Company Profile
ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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