AQR Capital Management LLC Raises Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

AQR Capital Management LLC increased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 21.6% during the second quarter, HoldingsChannel.com reports. The fund owned 2,722 shares of the software maker’s stock after acquiring an additional 483 shares during the period. AQR Capital Management LLC’s holdings in ANSYS were worth $875,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Investment Advisers raised its position in shares of 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 buying an additional 10,164 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of ANSYS by 33.7% in the 1st quarter. Russell Investments Group Ltd. now owns 135,821 shares of the software maker’s stock valued at $47,157,000 after acquiring an additional 34,244 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of ANSYS by 3.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 110,991 shares of the software maker’s stock valued at $38,499,000 after acquiring an additional 3,413 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of ANSYS by 3.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 100,816 shares of the software maker’s stock worth $33,552,000 after purchasing an additional 3,611 shares in the last quarter. Finally, Roble Belko & Company Inc bought a new position in shares of ANSYS in the first quarter worth approximately $1,298,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the transaction, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

ANSYS Price Performance

ANSS stock opened at $330.03 on Friday. The firm has a market cap of $28.84 billion, a P/E ratio of 58.31, a P/E/G ratio of 6.99 and a beta of 1.11. The firm’s fifty day moving average is $317.55 and its 200 day moving average is $323.18. 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 EPS 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 the consensus estimate of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The company’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.06 earnings per share. Research analysts predict that ANSYS, Inc. will post 7.32 earnings per share for the current 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.