BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 25,768 Shares of ANSYS, Inc. (ANSS)
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 91.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,868 shares of the software maker’s stock after purchasing an additional 25,768 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in ANSYS were worth $9,842,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Cullen Frost Bankers Inc. purchased a new position in shares of ANSYS in the first quarter valued at about $28,000. Flagship Harbor Advisors LLC increased its position in shares of ANSYS by 198.4% in the first quarter. Flagship Harbor Advisors LLC now owns 182 shares of the software maker’s stock valued at $33,000 after acquiring an additional 121 shares during the period. Washington Trust Bank increased its position in shares of ANSYS by 43.8% in the first quarter. Washington Trust Bank now owns 210 shares of the software maker’s stock valued at $39,000 after acquiring an additional 64 shares during the period. AdvisorNet Financial Inc increased its position in shares of ANSYS by 77.8% in the fourth quarter. AdvisorNet Financial Inc now owns 320 shares of the software maker’s stock valued at $46,000 after acquiring an additional 140 shares during the period. Finally, Resources Investment Advisors Inc. purchased a new position in shares of ANSYS in the fourth quarter valued at about $50,000. 93.20% of the stock is owned by institutional investors and hedge funds.
ANSS has been the topic of a number of analyst reports. Zacks Investment Research cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Wedbush restated an “outperform” rating and issued a $221.00 price objective (up previously from $201.00) on shares of ANSYS in a research report on Friday, May 3rd. Stifel Nicolaus set a $185.00 price objective on shares of ANSYS and gave the company a “hold” rating in a research report on Thursday, February 28th. KeyCorp began coverage on shares of ANSYS in a research report on Wednesday, April 10th. They issued a “sector weight” rating on the stock. Finally, BidaskClub upgraded shares of ANSYS from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $188.14.
Shares of ANSS opened at $180.11 on Friday. The stock has a market capitalization of $15.12 billion, a price-to-earnings ratio of 34.57 and a beta of 1.36. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.11 and a current ratio of 2.11. ANSYS, Inc. has a fifty-two week low of $136.80 and a fifty-two week high of $197.05.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.11. The business had revenue of $319.91 million for the quarter, compared to analysts’ expectations of $306.17 million. ANSYS had a net margin of 31.73% and a return on equity of 17.08%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.22 earnings per share. As a group, equities analysts predict that ANSYS, Inc. will post 5.07 earnings per share for the current year.
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ANSYS Company Profile
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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