Paragon Advisors LLC Makes New $648,000 Investment in ANSYS, Inc. (NASDAQ:ANSS)

Paragon Advisors LLC bought a new position in ANSYS, Inc. (NASDAQ:ANSS) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,222 shares of the software maker’s stock, valued at approximately $648,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in shares of ANSYS by 55.7% during the 4th quarter. Victory Capital Management Inc. now owns 67,992 shares of the software maker’s stock worth $17,502,000 after buying an additional 24,319 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of ANSYS by 16.9% during the 4th quarter. Great West Life Assurance Co. Can now owns 63,724 shares of the software maker’s stock worth $16,277,000 after buying an additional 9,190 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in shares of ANSYS by 1.7% during the 4th quarter. Panagora Asset Management Inc. now owns 3,514 shares of the software maker’s stock worth $905,000 after buying an additional 60 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of ANSYS by 5.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 3,279 shares of the software maker’s stock worth $844,000 after buying an additional 172 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of ANSYS by 430.7% during the 4th quarter. ProShare Advisors LLC now owns 72,727 shares of the software maker’s stock worth $18,721,000 after buying an additional 59,023 shares during the last quarter. 92.18% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on the stock. Wedbush raised their price target on shares of ANSYS from $280.00 to $308.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Needham & Company LLC restated a “hold” rating on shares of ANSYS in a report on Thursday, May 7th. Finally, Royal Bank of Canada lifted their target price on shares of ANSYS from $230.00 to $260.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $256.10.

In other ANSYS news, SVP Richard S. Mahoney sold 4,635 shares of the business’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $240.55, for a total value of $1,114,949.25. Following the completion of the transaction, the senior vice president now owns 43,270 shares in the company, valued at $10,408,598.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Nicole Anasenes sold 1,050 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $283.49, for a total transaction of $297,664.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,832 shares of company stock valued at $1,699,364. Insiders own 0.58% of the company’s stock.

ANSYS stock traded down $1.29 during trading on Tuesday, hitting $300.35. The company had a trading volume of 12,022 shares, compared to its average volume of 513,160. ANSYS, Inc. has a 1-year low of $186.81 and a 1-year high of $307.31. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.16. The company’s 50 day simple moving average is $280.53 and its 200-day simple moving average is $262.44. The stock has a market cap of $25.95 billion, a price-to-earnings ratio of 63.81 and a beta of 1.22.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.03. The business had revenue of $308.90 million during the quarter, compared to the consensus estimate of $309.20 million. ANSYS had a net margin of 27.34% and a return on equity of 13.73%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 earnings per share. As a group, analysts forecast that ANSYS, Inc. will post 4.77 earnings per share for the current fiscal year.

ANSYS Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

Further Reading: Gross Domestic Product (GDP)

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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