Commerce Bank Has $480,000 Position in ANSYS, Inc. (NASDAQ:ANSS)

Commerce Bank grew its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 15.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,941 shares of the software maker’s stock after purchasing an additional 517 shares during the period. Commerce Bank’s holdings in ANSYS were worth $480,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Gofen & Glossberg LLC IL increased its position in shares of ANSYS by 1.6% during the first quarter. Gofen & Glossberg LLC IL now owns 2,535 shares of the software maker’s stock valued at $271,000 after acquiring an additional 40 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of ANSYS by 2.9% during the first quarter. Pacer Advisors Inc. now owns 1,539 shares of the software maker’s stock valued at $164,000 after acquiring an additional 44 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of ANSYS by 0.8% during the second quarter. Advisors Asset Management Inc. now owns 10,105 shares of the software maker’s stock valued at $1,230,000 after acquiring an additional 77 shares in the last quarter. Bell Bank increased its position in shares of ANSYS by 3.9% during the first quarter. Bell Bank now owns 2,764 shares of the software maker’s stock valued at $295,000 after acquiring an additional 105 shares in the last quarter. Finally, Blair William & Co. IL increased its position in shares of ANSYS by 2.9% during the first quarter. Blair William & Co. IL now owns 4,481 shares of the software maker’s stock valued at $479,000 after acquiring an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

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Several brokerages recently weighed in on ANSS. Royal Bank Of Canada reissued a “hold” rating and set a $118.00 price target on shares of ANSYS in a research report on Monday. Zacks Investment Research raised shares of ANSYS from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Evercore ISI set a $113.00 price target on shares of ANSYS and gave the company a “hold” rating in a research report on Saturday, June 10th. BidaskClub downgraded shares of ANSYS from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th. Finally, Robert W. Baird set a $130.00 target price on shares of ANSYS and gave the stock a “buy” rating in a research report on Monday, August 28th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $110.70.

Shares of ANSYS, Inc. (NASDAQ:ANSS) opened at 129.15 on Friday. ANSYS, Inc. has a 12 month low of $82.28 and a 12 month high of $132.07. The stock’s 50 day moving average is $127.26 and its 200-day moving average is $118.97. The company has a market cap of $10.95 billion, a P/E ratio of 41.50 and a beta of 1.07.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.07. The business 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%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $0.93 earnings per share. On average, equities analysts forecast that ANSYS, Inc. will post $3.86 EPS for the current year.

About ANSYS

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.

Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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