6,223 Shares in ANSYS, Inc. (NASDAQ:ANSS) Acquired by MBB Public Markets I LLC

MBB Public Markets I LLC acquired a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,223 shares of the software maker’s stock, valued at approximately $2,001,000.

Other hedge funds have also added to or reduced their stakes in the company. DT Investment Partners LLC raised its position in shares of 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 purchasing an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC bought a new stake in ANSYS during the 2nd quarter valued at about $32,000. Core Wealth Advisors Inc. purchased a new position in ANSYS in the fourth quarter worth about $40,000. Rothschild Investment LLC bought a new position in shares of ANSYS in the second quarter worth approximately $38,000. Finally, Janiczek Wealth Management LLC grew its holdings in shares of ANSYS by 39.1% during the first quarter. Janiczek Wealth Management LLC now owns 153 shares of the software maker’s stock valued at $53,000 after buying an additional 43 shares during the last quarter. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Up 0.1 %

ANSYS stock opened at $325.15 on Monday. The stock has a market cap of $28.39 billion, a PE ratio of 65.29, a price-to-earnings-growth ratio of 6.89 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. The stock has a fifty day moving average of $315.85 and a 200 day moving average of $324.59. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31.

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

Analyst Upgrades and Downgrades

ANSS has been the topic of several analyst reports. Rosenblatt Securities lowered their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. KeyCorp assumed coverage on ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating on the stock. Finally, StockNews.com began coverage on ANSYS in a report on Sunday, September 22nd. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $318.33.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 159 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $330.81, for a total value of $52,598.79. Following the transaction, the director now directly owns 3,782 shares of the company’s stock, valued at approximately $1,251,123.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.46% of the company’s stock.

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.