Gabelli Funds LLC Acquires 3,150 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Gabelli Funds LLC increased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 21.7% during the second quarter, Holdings Channel.com reports. The fund owned 17,650 shares of the software maker’s stock after purchasing an additional 3,150 shares during the quarter. Gabelli Funds LLC’s holdings in ANSYS were worth $5,674,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of ANSS. Swedbank AB acquired a new position in shares of ANSYS during the 1st quarter worth approximately $128,089,000. M&G Plc acquired a new position in ANSYS in the 1st quarter valued at $115,922,000. Point72 Asset Management L.P. lifted its position in shares of ANSYS by 210.1% during the 4th quarter. Point72 Asset Management L.P. now owns 325,000 shares of the software maker’s stock valued at $117,936,000 after acquiring an additional 220,200 shares during the period. Magnetar Financial LLC acquired a new stake in shares of ANSYS during the 1st quarter worth $72,797,000. Finally, TOMS Capital Investment Management LP acquired a new position in ANSYS in the fourth quarter valued at about $53,647,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analyst Upgrades and Downgrades

ANSS has been the topic of a number of analyst reports. Rosenblatt Securities reduced their price objective 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. KeyCorp began coverage on shares of ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating on the stock. Finally, StockNews.com began coverage on ANSYS in a research note on Sunday. They set a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $318.33.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 3,782 shares in the company, valued at approximately $1,251,123.42. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.46% of the stock is owned by corporate insiders.

ANSYS Stock Up 0.9 %

Shares of NASDAQ:ANSS opened at $324.19 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31. The company has a market capitalization of $28.30 billion, a PE ratio of 65.10, a price-to-earnings-growth ratio of 6.80 and a beta of 1.12. The company has a fifty day moving average of $315.47 and a 200-day moving average of $324.81.

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

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.