ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by Swedbank AB

Swedbank AB increased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,401 shares of the software maker’s stock after buying an additional 438 shares during the quarter. Swedbank AB’s holdings in ANSYS were worth $2,677,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Wedmont Private Capital raised 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 buying an additional 30 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in ANSYS by 3.7% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock valued at $311,000 after purchasing an additional 32 shares during the last quarter. Bangor Savings Bank grew its position in ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after acquiring an additional 34 shares during the period. Wasatch Advisors LP increased its position in shares of ANSYS by 1.8% during the 1st quarter. Wasatch Advisors LP now owns 2,082 shares of the software maker’s stock worth $723,000 after purchasing an additional 36 shares during the last quarter. Finally, Fulton Bank N.A. increased its position in shares of ANSYS by 3.8% during the first quarter. Fulton Bank N.A. now owns 1,091 shares of the software maker’s stock valued at $379,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ANSYS Stock Up 0.3 %

Shares of ANSS opened at $327.40 on Friday. The company’s fifty day moving average is $320.02 and its two-hundred day moving average is $322.69. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. The firm has a market cap of $28.58 billion, a PE ratio of 65.74, a price-to-earnings-growth ratio of 6.99 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) 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 business had revenue of $594.14 million during the quarter, compared to analyst estimates of $550.30 million. During the same quarter last year, the firm earned $1.06 earnings per share. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. Analysts forecast that ANSYS, Inc. will post 7.32 earnings per share for the current year.

Insider Activity

In other news, Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction dated 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 directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company 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.