Parisi Gray Wealth Management Acquires Shares of 243 ANSYS, Inc. (NASDAQ:ANSS)

Parisi Gray Wealth Management acquired a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 243 shares of the software maker’s stock, valued at approximately $84,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Holocene Advisors LP bought a new position in shares of ANSYS in the first quarter valued at about $134,446,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of ANSYS by 55.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 710,474 shares of the software maker’s stock valued at $246,577,000 after buying an additional 253,358 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of ANSYS by 111.4% in the second quarter. Lazard Asset Management LLC now owns 335,095 shares of the software maker’s stock valued at $116,298,000 after buying an additional 176,572 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of ANSYS by 100.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 316,028 shares of the software maker’s stock valued at $109,681,000 after buying an additional 158,134 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of ANSYS by 20.3% in the first quarter. Nordea Investment Management AB now owns 699,778 shares of the software maker’s stock valued at $237,260,000 after buying an additional 118,043 shares during the last quarter. 88.51% of the stock is owned by institutional investors.

A number of research analysts recently issued reports on the company. Benchmark lifted their price target on ANSYS from $370.00 to $415.00 and gave the company a “buy” rating in a report on Friday, August 6th. They noted that the move was a valuation call. Credit Suisse Group lifted their price objective on ANSYS from $389.00 to $398.00 and gave the stock an “outperform” rating in a research report on Friday, August 6th. Rosenblatt Securities lifted their price objective on ANSYS from $340.00 to $370.00 and gave the stock a “neutral” rating in a research report on Friday, August 6th. Royal Bank of Canada lifted their price objective on ANSYS from $360.00 to $380.00 and gave the stock a “sector perform” rating in a research report on Friday, August 6th. Finally, Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $390.00 price objective for the company in a research report on Tuesday, August 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $349.75.

ANSYS stock opened at $347.81 on Thursday. The firm has a market capitalization of $30.35 billion, a P/E ratio of 66.76, a PEG ratio of 5.52 and a beta of 1.23. ANSYS, Inc. has a 1 year low of $292.79 and a 1 year high of $413.19. The business has a 50-day moving average of $360.07 and a 200-day moving average of $352.68. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.18.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Tuesday, August 3rd. The software maker reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.29. The company had revenue of $452.55 million during the quarter, compared to analyst estimates of $433.34 million. ANSYS had a return on equity of 12.45% and a net margin of 25.40%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.55 EPS. Research analysts anticipate that ANSYS, Inc. will post 5.48 EPS for the current fiscal year.

In related news, CEO Ajei Gopal sold 63,726 shares of the business’s stock in a transaction that occurred on Tuesday, August 10th. The stock was sold at an average price of $364.07, for a total value of $23,200,724.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Glenda Dorchak sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, August 31st. The shares were sold at an average price of $364.98, for a total value of $109,494.00. The disclosure for this sale can be found here. Insiders have sold a total of 64,462 shares of company stock valued at $23,456,562 over the last 90 days. Corporate insiders own 0.63% of the company’s stock.

ANSYS Profile

ANSYS, Inc engages in the development and marketing of engineering simulation software and services. It operates through the following geographical segments: United States; Japan; Germany; South Korea; France; China; Other EMEA; and Other International. The firm’s solutions include automotive; aerospace and defense; construction; energy; materials and chemical processing; autonomous engineering; and electrification.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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