Caprock Group LLC Buys 209 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Caprock Group LLC boosted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 28.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 954 shares of the software maker’s stock after purchasing an additional 209 shares during the quarter. Caprock Group LLC’s holdings in ANSYS were worth $307,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ANSS. Vanguard Group Inc. grew its stake in shares of ANSYS by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 10,234,642 shares of the software maker’s stock valued at $3,553,058,000 after buying an additional 73,585 shares during the period. Franklin Resources Inc. increased its holdings in shares of ANSYS by 1.9% during the fourth quarter. Franklin Resources Inc. now owns 1,508,715 shares of the software maker’s stock valued at $547,483,000 after acquiring an additional 27,893 shares in the last quarter. Norges Bank acquired a new position in shares of ANSYS during the fourth quarter worth approximately $282,329,000. Earnest Partners LLC grew its position in ANSYS by 13.7% in the 1st quarter. Earnest Partners LLC now owns 592,017 shares of the software maker’s stock valued at $205,525,000 after purchasing an additional 71,394 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in ANSYS by 20.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 499,777 shares of the software maker’s stock valued at $173,079,000 after purchasing an additional 84,353 shares in the last quarter. 92.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ANSS shares. Rosenblatt Securities lowered their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. StockNews.com assumed coverage on ANSYS in a report on Friday, September 6th. They issued a “hold” rating on the stock. Finally, KeyCorp assumed coverage on ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating for the company. Two investment 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.com, the company presently has a consensus rating of “Hold” and a consensus target price of $318.33.

ANSYS Stock Performance

Shares of ANSYS stock opened at $319.13 on Friday. The firm has a market capitalization of $27.86 billion, a P/E ratio of 64.08, a price-to-earnings-growth ratio of 6.54 and a beta of 1.12. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $317.00 and its 200 day simple moving average is $325.88. ANSYS, Inc. has a 12 month low of $258.01 and a 12 month high of $364.31.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The company had revenue of $594.14 million for the quarter, compared to the consensus estimate of $550.30 million. During the same period in the previous year, the firm earned $1.06 EPS. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. As a group, analysts anticipate that ANSYS, Inc. will post 7.32 EPS for the current year.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was 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 $1,251,123.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.46% of the stock is currently owned by company insiders.

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.