1,421 Shares in ANSYS, Inc. (NASDAQ:ANSS) Acquired by MQS Management LLC

MQS Management LLC acquired a new stake in ANSYS, Inc. (NASDAQ:ANSS) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 1,421 shares of the software maker’s stock, valued at approximately $457,000.

Other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC purchased a new stake in shares of ANSYS during the fourth quarter worth about $29,000. DT Investment Partners LLC lifted its holdings in ANSYS by 888.9% in the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after buying an additional 80 shares during the period. DSM Capital Partners LLC bought a new stake in shares of ANSYS in the 4th quarter worth approximately $34,000. Redwood Wealth Management Group LLC purchased a new position in shares of ANSYS during the second quarter valued at approximately $32,000. Finally, Core Wealth Advisors Inc. bought a new position in shares of ANSYS during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on ANSS shares. StockNews.com began coverage on shares of ANSYS in a research report on Saturday, September 14th. They set a “hold” rating on the stock. Rosenblatt Securities reduced their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Finally, KeyCorp started coverage on shares of ANSYS in a report on Thursday, June 27th. They issued a “sector weight” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $318.33.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $330.81, for a total value of $52,598.79. Following the transaction, the director now owns 3,782 shares in the company, valued at approximately $1,251,123.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.46% of the stock is owned by corporate insiders.

ANSYS Stock Up 2.8 %

Shares of ANSYS stock opened at $322.29 on Friday. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31. The firm has a market cap of $28.14 billion, a price-to-earnings ratio of 64.72, a PEG ratio of 6.80 and a beta of 1.12. The company has a 50-day moving average of $315.90 and a 200 day moving average of $325.26. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The business had revenue of $594.14 million during the quarter, compared to the consensus estimate of $550.30 million. During the same quarter last year, the firm earned $1.06 earnings per share. The business’s revenue for the quarter was up 19.6% on a year-over-year basis. As a group, sell-side analysts anticipate that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal year.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.