ANSYS, Inc. (NASDAQ:ANSS) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC increased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 89.3% in the second quarter, HoldingsChannel reports. The firm owned 1,798 shares of the software maker’s stock after acquiring an additional 848 shares during the quarter. Summit Trail Advisors LLC’s holdings in ANSYS were worth $578,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Jump Financial LLC purchased a new stake in shares of ANSYS in the 4th quarter valued at $257,000. Corient Private Wealth LLC boosted its holdings in ANSYS by 28.3% in the fourth quarter. Corient Private Wealth LLC now owns 20,727 shares of the software maker’s stock valued at $7,521,000 after purchasing an additional 4,567 shares during the last quarter. Quest Partners LLC purchased a new stake in ANSYS in the fourth quarter valued at $29,000. Assetmark Inc. grew its position in ANSYS by 6.1% during the 4th quarter. Assetmark Inc. now owns 2,623 shares of the software maker’s stock worth $952,000 after purchasing an additional 150 shares during the period. Finally, FineMark National Bank & Trust raised its stake in shares of ANSYS by 4.9% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ANSS shares. StockNews.com began coverage on ANSYS in a research note on Sunday. They issued a “hold” rating on the stock. Rosenblatt Securities lowered their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Finally, KeyCorp began coverage on shares of ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating for the company. Two equities research 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $318.33.

ANSYS Stock Performance

NASDAQ:ANSS opened at $320.25 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. The stock has a market capitalization of $27.96 billion, a PE ratio of 64.31, a P/E/G ratio of 6.80 and a beta of 1.12. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The company has a fifty day moving average of $315.72 and a two-hundred day moving average of $325.02.

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, topping 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 during the quarter, compared to the consensus estimate of $550.30 million. During the same quarter in the prior year, the firm earned $1.06 EPS. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. As a group, research analysts forecast that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal year.

Insider Transactions 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 value of $52,598.79. Following the completion of the sale, the director now directly owns 3,782 shares in the company, valued at $1,251,123.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.46% of the company’s stock.

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.