Lombard Odier Asset Management Europe Ltd Has $3.37 Million Stake in ANSYS, Inc. (NASDAQ:ANSS)

Lombard Odier Asset Management Europe Ltd lowered its position in ANSYS, Inc. (NASDAQ:ANSS) by 51.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,466 shares of the software maker’s stock after selling 10,888 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in ANSYS were worth $3,365,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANSS. Wedmont Private Capital increased its stake in shares of ANSYS by 1.3% during the 1st quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock worth $779,000 after purchasing an additional 30 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in ANSYS by 3.7% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock worth $311,000 after buying an additional 32 shares during the last quarter. Personal CFO Solutions LLC raised its holdings in ANSYS by 2.6% during the fourth quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock valued at $493,000 after buying an additional 34 shares in the last quarter. FineMark National Bank & Trust lifted its position in shares of ANSYS by 4.9% in the fourth quarter. FineMark National Bank & Trust now owns 769 shares of the software maker’s stock worth $279,000 after buying an additional 36 shares during the last quarter. Finally, Wasatch Advisors LP lifted its position in shares of ANSYS by 1.8% in the first quarter. Wasatch Advisors LP now owns 2,082 shares of the software maker’s stock worth $723,000 after buying an additional 36 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

ANSS has been the topic of a number of recent analyst reports. StockNews.com assumed coverage on ANSYS in a research note on Sunday. They issued a “hold” rating on the stock. Rosenblatt Securities reduced their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Finally, KeyCorp assumed coverage on shares of ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $318.33.

ANSYS Price Performance

NASDAQ:ANSS opened at $320.25 on Monday. The company has a market capitalization of $27.96 billion, a price-to-earnings ratio of 64.31, a PEG ratio of 6.80 and a beta of 1.12. The company has a 50-day moving average of $315.72 and a 200-day moving average of $325.02. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data 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 return on equity of 11.51% and a net margin of 21.30%. The company had revenue of $594.14 million for the quarter, compared to the consensus estimate of $550.30 million. During the same period in the previous year, the business earned $1.06 earnings per share. The company’s quarterly revenue was up 19.6% on a year-over-year basis. As a group, equities research analysts anticipate that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $330.81, for a total transaction of $52,598.79. Following the completion of the transaction, the director now directly owns 3,782 shares in the company, valued at $1,251,123.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is owned by insiders.

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.