Ossiam Takes Position in ANSYS, Inc. (NASDAQ:ANSS)
Ossiam purchased a new stake in ANSYS, Inc. (NASDAQ:ANSS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 917 shares of the software maker’s stock, valued at approximately $188,000.
A number of other large investors have also bought and sold shares of ANSS. Cookson Peirce & Co. Inc. boosted its position in shares of ANSYS by 478.6% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 13,915 shares of the software maker’s stock worth $2,850,000 after purchasing an additional 11,510 shares in the last quarter. Wedbush Securities Inc. boosted its position in shares of ANSYS by 6.7% in the 2nd quarter. Wedbush Securities Inc. now owns 1,202 shares of the software maker’s stock worth $246,000 after purchasing an additional 76 shares in the last quarter. First Trust Advisors LP boosted its position in shares of ANSYS by 2,565.2% in the 2nd quarter. First Trust Advisors LP now owns 134,541 shares of the software maker’s stock worth $27,557,000 after purchasing an additional 129,493 shares in the last quarter. Ibex Wealth Advisors bought a new stake in shares of ANSYS in the 2nd quarter worth approximately $39,000. Finally, Federated Investors Inc. PA boosted its position in shares of ANSYS by 28.2% in the 1st quarter. Federated Investors Inc. PA now owns 635,124 shares of the software maker’s stock worth $116,043,000 after purchasing an additional 139,866 shares in the last quarter. 93.64% of the stock is owned by institutional investors.
A number of analysts have recently commented on ANSS shares. Evercore ISI reissued a “hold” rating and issued a $160.00 price target on shares of ANSYS in a research report on Tuesday, August 6th. Griffin Securities raised ANSYS from a “neutral” rating to a “buy” rating and set a $240.00 price objective on the stock in a research report on Friday. Citigroup assumed coverage on ANSYS in a research report on Monday, July 22nd. They issued a “buy” rating and a $250.00 price objective on the stock. BidaskClub raised ANSYS from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Finally, Benchmark upped their price objective on ANSYS from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $216.20.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Monday, August 5th. The software maker reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.25. The firm had revenue of $370.51 million for the quarter, compared to analysts’ expectations of $338.31 million. ANSYS had a return on equity of 17.17% and a net margin of 31.53%. The company’s revenue was up 20.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.35 EPS. Analysts expect that ANSYS, Inc. will post 5.2 earnings per share for the current year.
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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