ANSYS, Inc. (NASDAQ:ANSS) Stock Holdings Lifted by PFG Advisors

PFG Advisors lifted its position in ANSYS, Inc. (NASDAQ:ANSS) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,316 shares of the software maker’s stock after acquiring an additional 46 shares during the quarter. PFG Advisors’ holdings in ANSYS were worth $3,960,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Jupiter Asset Management Ltd. lifted its holdings in shares of ANSYS by 2.9% in the second quarter. Jupiter Asset Management Ltd. now owns 68,999 shares of the software maker’s stock valued at $22,183,000 after purchasing an additional 1,951 shares in the last quarter. American Century Companies Inc. lifted its stake in ANSYS by 13.8% in the 2nd quarter. American Century Companies Inc. now owns 6,392 shares of the software maker’s stock worth $2,055,000 after acquiring an additional 775 shares in the last quarter. Headlands Technologies LLC boosted its position in ANSYS by 32.1% during the 2nd quarter. Headlands Technologies LLC now owns 13,240 shares of the software maker’s stock worth $4,257,000 after acquiring an additional 3,215 shares during the period. Coldstream Capital Management Inc. grew its stake in ANSYS by 2.6% during the 2nd quarter. Coldstream Capital Management Inc. now owns 1,955 shares of the software maker’s stock valued at $629,000 after acquiring an additional 49 shares in the last quarter. Finally, Malaga Cove Capital LLC increased its holdings in shares of ANSYS by 39.7% in the 2nd quarter. Malaga Cove Capital LLC now owns 1,164 shares of the software maker’s stock valued at $374,000 after purchasing an additional 331 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

NASDAQ ANSS opened at $317.46 on Thursday. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The stock’s 50-day moving average is $317.16 and its two-hundred day moving average is $325.93. The firm has a market cap of $27.71 billion, a P/E ratio of 63.75, a price-to-earnings-growth ratio of 6.54 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.58. The business had revenue of $594.14 million for 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 firm’s revenue was up 19.6% compared to the same quarter last year. During the same period last year, the business earned $1.06 EPS. On average, analysts anticipate that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ANSS has been the subject of several research reports. KeyCorp assumed coverage on shares of ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating for the company. StockNews.com began coverage on shares of ANSYS in a report on Friday, September 6th. They set a “hold” rating on the stock. Finally, 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 investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, ANSYS has a consensus rating of “Hold” and a consensus price target of $318.33.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 159 shares of ANSYS stock in a transaction 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 transaction, the director now owns 3,782 shares in the company, valued at approximately $1,251,123.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is owned by 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.