Murchinson Ltd. Takes $5.21 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

Murchinson Ltd. bought a new stake in ANSYS, Inc. (NASDAQ:ANSS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,205 shares of the software maker’s stock, valued at approximately $5,210,000. ANSYS makes up approximately 0.8% of Murchinson Ltd.’s holdings, making the stock its 16th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sei Investments Co. increased its position in ANSYS by 18.6% in the fourth quarter. Sei Investments Co. now owns 423,106 shares of the software maker’s stock worth $153,537,000 after purchasing an additional 66,338 shares during the period. Thematics Asset Management increased its position in ANSYS by 25.0% in the fourth quarter. Thematics Asset Management now owns 90,898 shares of the software maker’s stock worth $32,985,000 after purchasing an additional 18,173 shares during the period. Icon Wealth Advisors LLC acquired a new stake in ANSYS in the fourth quarter worth about $982,000. Cetera Investment Advisers increased its position in ANSYS by 392.9% in the first quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker’s stock worth $4,427,000 after purchasing an additional 10,164 shares during the period. Finally, Bank of Nova Scotia increased its position in ANSYS by 846.8% in the fourth quarter. Bank of Nova Scotia now owns 76,138 shares of the software maker’s stock worth $27,629,000 after purchasing an additional 68,096 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Glenda Dorchak sold 159 shares of ANSYS stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $330.81, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ANSS has been the subject of a number of research reports. Rosenblatt Securities lowered their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. StockNews.com initiated coverage on ANSYS in a report on Sunday, September 22nd. They set a “hold” rating on the stock. Finally, KeyCorp initiated coverage on ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating on the stock. Two equities research 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. Based on data from MarketBeat.com, ANSYS has a consensus rating of “Hold” and a consensus price target of $318.33.

ANSYS Price Performance

Shares of ANSS opened at $325.15 on Friday. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. The stock has a market cap of $28.39 billion, a P/E ratio of 65.29, a price-to-earnings-growth ratio of 6.89 and a beta of 1.12. The stock’s 50-day moving average price is $315.85 and its two-hundred day moving average price is $324.63.

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 the consensus estimate of $1.92 by $0.58. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The business had revenue of $594.14 million for the quarter, compared to analysts’ expectations of $550.30 million. During the same quarter in the previous year, the business posted $1.06 EPS. ANSYS’s revenue for the quarter was up 19.6% on a year-over-year basis. On average, equities analysts predict that ANSYS, Inc. will post 7.32 earnings per share for the current year.

ANSYS 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.