Tredje AP fonden Boosts Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Tredje AP fonden lifted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 12.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,756 shares of the software maker’s stock after purchasing an additional 2,480 shares during the period. Tredje AP fonden’s holdings in ANSYS were worth $6,995,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ANSS. Wedmont Private Capital increased its position in shares of ANSYS by 1.3% in the 1st quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock valued at $779,000 after purchasing an additional 30 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of ANSYS by 3.7% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock worth $311,000 after purchasing an additional 32 shares in the last quarter. Personal CFO Solutions LLC increased its holdings in ANSYS by 2.6% in the fourth quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock valued at $493,000 after buying an additional 34 shares during the last quarter. FineMark National Bank & Trust raised its stake in ANSYS by 4.9% in the fourth quarter. FineMark National Bank & Trust now owns 769 shares of the software maker’s stock valued at $279,000 after buying an additional 36 shares in the last quarter. Finally, Wasatch Advisors LP lifted its holdings in 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 buying an additional 36 shares during the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 159 shares of the stock in a transaction dated 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 sale, the director now owns 3,782 shares in the company, valued at $1,251,123.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by company insiders.

ANSYS Trading Down 1.2 %

ANSS opened at $313.39 on Thursday. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31. The business’s 50 day moving average is $316.00 and its two-hundred day moving average is $325.28. The firm has a market cap of $27.36 billion, a price-to-earnings ratio of 62.93, a price-to-earnings-growth ratio of 6.80 and a beta of 1.12.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The business had revenue of $594.14 million for the quarter, compared to analyst estimates of $550.30 million. During the same period last year, the firm posted $1.06 earnings per share. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. On average, research analysts predict that ANSYS, Inc. will post 7.32 EPS for the current year.

Analyst Ratings Changes

ANSS has been the topic of a number of recent analyst reports. KeyCorp initiated coverage on ANSYS in a report on Thursday, June 27th. They issued a “sector weight” rating on the stock. Rosenblatt Securities dropped their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Finally, StockNews.com initiated coverage on shares of ANSYS in a report on Saturday, September 14th. They set a “hold” rating on the stock. Two 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $318.33.

About ANSYS

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.