Stephens Investment Management Group LLC Boosts Stake in ANSYS, Inc. (NASDAQ:ANSS)

Stephens Investment Management Group LLC raised its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,860 shares of the software maker’s stock after buying an additional 1,243 shares during the quarter. Stephens Investment Management Group LLC’s holdings in ANSYS were worth $27,995,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. DT Investment Partners LLC boosted its position in shares of ANSYS by 888.9% during the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after acquiring an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC bought a new position in ANSYS during the second quarter valued at $32,000. Rothschild Investment LLC purchased a new position in shares of ANSYS in the 2nd quarter worth $38,000. Bangor Savings Bank increased its holdings in shares of ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after buying an additional 34 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of ANSYS by 2,800.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 174 shares of the software maker’s stock valued at $60,000 after buying an additional 168 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the sale, the director now directly owns 3,630 shares of the company’s stock, valued at $1,138,404.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

ANSYS stock opened at $320.41 on Friday. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The company’s 50-day moving average is $320.17 and its 200 day moving average is $321.58. The firm has a market capitalization of $28.00 billion, a P/E ratio of 56.61, a price-to-earnings-growth ratio of 6.99 and a beta of 1.11. 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 posted its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.58. The company had revenue of $594.14 million during the quarter, compared to analysts’ expectations of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. ANSYS’s revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.06 EPS. Research analysts forecast that ANSYS, Inc. will post 7.32 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Rosenblatt Securities dropped their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $318.33.

ANSYS 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.