Ballentine Partners LLC Raises Position in ANSYS, Inc. (NASDAQ:ANSS)

Ballentine Partners LLC increased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 13.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,320 shares of the software maker’s stock after purchasing an additional 160 shares during the period. Ballentine Partners LLC’s holdings in ANSYS were worth $421,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of ANSYS by 4.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,082 shares of the software maker’s stock worth $723,000 after purchasing an additional 86 shares in the last quarter. Buffington Mohr McNeal boosted its holdings in ANSYS by 187.5% during the first quarter. Buffington Mohr McNeal now owns 2,300 shares of the software maker’s stock worth $798,000 after buying an additional 1,500 shares in the last quarter. Wasatch Advisors LP grew its position in ANSYS by 1.8% during the first 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 period. Norden Group LLC acquired a new stake in shares of ANSYS during the 1st quarter valued at approximately $3,699,000. Finally, First Trust Direct Indexing L.P. boosted its stake in shares of ANSYS by 13.5% during the 1st quarter. First Trust Direct Indexing L.P. now owns 2,317 shares of the software maker’s stock worth $804,000 after acquiring an additional 275 shares in the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the sale, the director now owns 3,630 shares in the company, valued at $1,138,404.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ANSS has been the subject of several research analyst reports. StockNews.com began coverage on ANSYS in a research note on Sunday, September 22nd. They issued a “hold” rating for the company. Rosenblatt Securities cut their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $318.33.

ANSYS Stock Up 0.4 %

Shares of NASDAQ:ANSS opened at $322.81 on Monday. The company has a market capitalization of $28.18 billion, a P/E ratio of 64.82, a P/E/G ratio of 6.99 and a beta of 1.11. The stock’s fifty day simple moving average is $320.38 and its 200-day simple moving average is $321.71. 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.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.58. The company had revenue of $594.14 million for 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 firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period last year, the company earned $1.06 EPS. As a group, equities research analysts forecast that ANSYS, Inc. will post 7.32 earnings per share 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.