Jupiter Asset Management Ltd. Increases Position in ANSYS, Inc. (NASDAQ:ANSS)

Jupiter Asset Management Ltd. increased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,048 shares of the software maker’s stock after buying an additional 53 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.08% of ANSYS worth $23,276,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ANSS. M&G Plc purchased a new stake in ANSYS during the 1st quarter valued at about $115,922,000. Banco Santander S.A. raised its holdings in shares of ANSYS by 13.7% in the 1st quarter. Banco Santander S.A. now owns 9,648 shares of the software maker’s stock valued at $3,349,000 after purchasing an additional 1,164 shares in the last quarter. Intermede Investment Partners Ltd raised its stake in ANSYS by 33.1% during the 1st quarter. Intermede Investment Partners Ltd now owns 287,348 shares of the software maker’s stock worth $99,756,000 after acquiring an additional 71,508 shares in the last quarter. Renasant Bank acquired a new stake in ANSYS during the 1st quarter worth $235,000. Finally, D Orazio & Associates Inc. grew its position in ANSYS by 1.2% during the 1st quarter. D Orazio & Associates Inc. now owns 5,442 shares of the software maker’s stock worth $1,889,000 after purchasing an additional 65 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ANSS shares. KeyCorp started coverage on shares of ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating for the company. StockNews.com began coverage on shares of ANSYS in a report on Saturday. They issued a “hold” rating for the company. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $345.00 price objective on shares of ANSYS in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, ANSYS presently has a consensus rating of “Hold” and a consensus price target of $320.00.

ANSYS Trading Down 0.4 %

NASDAQ ANSS traded down $1.13 during trading on Friday, reaching $314.54. 330,594 shares of the stock traded hands, compared to its average volume of 496,478. The firm has a market cap of $27.46 billion, a price-to-earnings ratio of 63.16, a price-to-earnings-growth ratio of 7.00 and a beta of 1.11. The stock’s 50-day moving average price is $325.02 and its 200 day moving average price is $332.18. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The firm had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. During the same quarter in the previous year, the firm posted $1.45 earnings per share. ANSYS’s quarterly revenue was down 8.4% on a year-over-year basis. Analysts predict that ANSYS, Inc. will post 7.05 EPS for the current year.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 159 shares of the company’s 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 transaction, the director now directly owns 3,782 shares in the company, valued at $1,251,123.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

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.