Steward Partners Investment Advisory LLC Takes Position in ANSYS, Inc. (NASDAQ:ANSS)

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Steward Partners Investment Advisory LLC bought a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,096 shares of the software maker’s stock, valued at approximately $224,000.

Several other institutional investors also recently added to or reduced their stakes in ANSS. WCM Investment Management LLC bought a new position in shares of ANSYS during the 1st quarter valued at approximately $90,241,000. Swedbank purchased a new stake in shares of ANSYS during the 2nd quarter valued at approximately $100,576,000. BlackRock Inc. lifted its stake in shares of ANSYS by 4.8% during the 1st quarter. BlackRock Inc. now owns 6,779,063 shares of the software maker’s stock valued at $1,238,602,000 after buying an additional 312,390 shares in the last quarter. AKO Capital LLP lifted its stake in shares of ANSYS by 49.2% during the 1st quarter. AKO Capital LLP now owns 941,150 shares of the software maker’s stock valued at $171,958,000 after buying an additional 310,181 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its stake in shares of ANSYS by 28.2% during the 1st quarter. Federated Investors Inc. PA now owns 635,124 shares of the software maker’s stock valued at $116,043,000 after buying an additional 139,866 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

ANSS has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price target on shares of ANSYS from $160.00 to $190.00 and gave the company an “underweight” rating in a research note on Tuesday, August 6th. Wedbush upped their price target on shares of ANSYS from $221.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. They noted that the move was a valuation call. Zacks Investment Research cut shares of ANSYS from a “strong-buy” rating to a “hold” rating and set a $240.00 price target on the stock. in a research note on Monday. BidaskClub cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, Benchmark restated a “buy” rating and set a $210.00 price target (up from $203.00) on shares of ANSYS in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $204.22.

In related news, Director Alec D. Gallimore sold 638 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $185.78, for a total transaction of $118,527.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William R. Mcdermott sold 1,765 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $181.53, for a total transaction of $320,400.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,500 shares of company stock worth $459,344. 1.11% of the stock is owned by insiders.

NASDAQ ANSS opened at $213.42 on Wednesday. ANSYS, Inc. has a 1 year low of $136.80 and a 1 year high of $215.39. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.03. The stock has a market cap of $17.95 billion, a PE ratio of 40.96 and a beta of 1.42. The business has a 50 day moving average price of $207.24.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Monday, August 5th. The software maker reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.25. ANSYS had a net margin of 31.53% and a return on equity of 17.17%. The business had revenue of $370.51 million for the quarter, compared to analysts’ expectations of $338.31 million. During the same period in the prior year, the company posted $1.35 EPS. The business’s revenue for the quarter was up 20.0% compared to the same quarter last year. On average, analysts forecast that ANSYS, Inc. will post 5.2 EPS for the current fiscal year.

About ANSYS

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.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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