iA Global Asset Management Inc. Has $2.76 Million Stake in ANSYS, Inc. (NASDAQ:ANSS)

iA Global Asset Management Inc. lifted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 4.9% during the second quarter, Holdings Channel.com reports. The firm owned 8,576 shares of the software maker’s stock after buying an additional 400 shares during the period. iA Global Asset Management Inc.’s holdings in ANSYS were worth $2,757,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ANSS. Treasurer of the State of North Carolina raised its stake in shares of ANSYS by 11.1% during the fourth quarter. Treasurer of the State of North Carolina now owns 50,703 shares of the software maker’s stock worth $18,399,000 after buying an additional 5,055 shares during the last quarter. Evoke Wealth LLC bought a new stake in shares of ANSYS during the fourth quarter worth approximately $3,032,000. Sei Investments Co. raised its stake in shares of ANSYS by 18.6% during the fourth quarter. Sei Investments Co. now owns 423,106 shares of the software maker’s stock worth $153,537,000 after buying an additional 66,338 shares during the last quarter. Thematics Asset Management increased its stake in ANSYS by 25.0% in the fourth quarter. Thematics Asset Management now owns 90,898 shares of the software maker’s stock valued at $32,985,000 after purchasing an additional 18,173 shares in the last quarter. Finally, Icon Wealth Advisors LLC bought a new stake in ANSYS in the fourth quarter valued at approximately $982,000. 92.39% of the stock is owned by institutional investors.

Insider Activity

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

Analyst Upgrades and Downgrades

ANSS has been the subject of several recent analyst reports. Rosenblatt Securities lowered their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. KeyCorp initiated coverage on shares of ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating for the company. Finally, StockNews.com initiated coverage on shares of ANSYS in a research note on Thursday. 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $318.33.

ANSYS Stock Up 0.4 %

ANSYS stock opened at $321.42 on Friday. The stock has a market capitalization of $28.06 billion, a PE ratio of 64.54, a price-to-earnings-growth ratio of 6.90 and a beta of 1.11. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31. The company has a quick ratio of 2.80, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $319.06 and a 200-day moving average of $327.14.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results 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. The company had revenue of $594.14 million during 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.06 earnings per share. On average, equities research analysts anticipate that ANSYS, Inc. will post 7.05 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.