Amalgamated Bank Raises Stake in ANSYS, Inc. (ANSS)

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Amalgamated Bank grew its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 6.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,561 shares of the software maker’s stock after purchasing an additional 1,147 shares during the period. Amalgamated Bank’s holdings in ANSYS were worth $3,065,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Robecosam AG increased its holdings in shares of ANSYS by 13.6% in the 4th quarter. Robecosam AG now owns 175,983 shares of the software maker’s stock valued at $25,984,000 after purchasing an additional 21,007 shares during the period. OppenheimerFunds Inc. acquired a new position in shares of ANSYS in the 4th quarter valued at about $212,000. The Manufacturers Life Insurance Company increased its holdings in shares of ANSYS by 4.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 87,082 shares of the software maker’s stock valued at $12,853,000 after purchasing an additional 3,989 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of ANSYS by 360.6% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 15,200 shares of the software maker’s stock valued at $2,243,000 after purchasing an additional 11,900 shares during the period. Finally, Elkfork Partners LLC acquired a new position in shares of ANSYS in the 4th quarter valued at about $6,286,000. Institutional investors own 92.98% of the company’s stock.

In other ANSYS news, Director James E. Cashman III sold 862 shares of the stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $158.00, for a total transaction of $136,196.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Matthew C. Zack sold 1,222 shares of the stock in a transaction that occurred on Monday, April 30th. The shares were sold at an average price of $162.97, for a total value of $199,149.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,049 shares of company stock worth $7,540,769. Corporate insiders own 1.10% of the company’s stock.

ANSYS opened at $179.32 on Friday, Marketbeat Ratings reports. ANSYS, Inc. has a 52 week low of $119.20 and a 52 week high of $184.95. The company has a market capitalization of $15.35 billion, a P/E ratio of 49.67 and a beta of 1.04.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, May 2nd. The software maker reported $1.22 EPS for the quarter, beating the consensus estimate of $1.04 by $0.18. ANSYS had a return on equity of 14.51% and a net margin of 24.92%. The company had revenue of $285.20 million for the quarter, compared to the consensus estimate of $276.56 million. During the same quarter last year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. analysts expect that ANSYS, Inc. will post 4.4 EPS for the current fiscal year.

A number of brokerages have recently weighed in on ANSS. Mitsubishi UFJ Financial Group upgraded ANSYS from a “neutral” rating to an “overweight” rating in a report on Thursday, May 3rd. BidaskClub downgraded ANSYS from a “strong-buy” rating to a “buy” rating in a report on Monday, June 18th. Zacks Investment Research downgraded ANSYS from a “buy” rating to a “hold” rating in a report on Monday, May 21st. Wedbush restated a “neutral” rating and issued a $160.00 price objective (down previously from $163.00) on shares of ANSYS in a report on Friday, May 4th. Finally, UBS Group upgraded ANSYS from a “neutral” rating to an “overweight” rating in a report on Thursday, May 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $136.40.

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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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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