Assenagon Asset Management S.A. Buys 1,970 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Assenagon Asset Management S.A. lifted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 20.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,607 shares of the software maker’s stock after purchasing an additional 1,970 shares during the period. Assenagon Asset Management S.A.’s holdings in ANSYS were worth $3,698,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. IFM Investors Pty Ltd lifted its stake in ANSYS by 2.5% in the third quarter. IFM Investors Pty Ltd now owns 18,003 shares of the software maker’s stock worth $5,736,000 after acquiring an additional 434 shares during the period. International Assets Investment Management LLC purchased a new stake in ANSYS in the third quarter worth about $54,820,000. Signaturefd LLC lifted its stake in ANSYS by 7.0% in the third quarter. Signaturefd LLC now owns 1,334 shares of the software maker’s stock worth $425,000 after acquiring an additional 87 shares during the period. Sequoia Financial Advisors LLC lifted its stake in ANSYS by 6.5% in the third quarter. Sequoia Financial Advisors LLC now owns 1,504 shares of the software maker’s stock worth $479,000 after acquiring an additional 92 shares during the period. Finally, Raymond James & Associates lifted its stake in ANSYS by 0.4% in the third quarter. Raymond James & Associates now owns 10,822 shares of the software maker’s stock worth $3,448,000 after acquiring an additional 46 shares during the period. 92.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ANSS shares. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Tuesday. Rosenblatt Securities decreased their price target 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat, ANSYS has an average rating of “Hold” and an average price target of $318.33.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 152 shares of the 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 represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is owned by corporate insiders.

ANSYS Stock Performance

ANSS opened at $328.57 on Thursday. ANSYS, Inc. has a 52-week low of $258.01 and a 52-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 company has a market cap of $28.71 billion, a P/E ratio of 58.05, a price-to-earnings-growth ratio of 6.99 and a beta of 1.11. The firm’s 50-day moving average price is $320.27 and its 200-day moving average price is $321.58.

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