Choreo LLC Purchases Shares of 1,662 ANSYS, Inc. (NASDAQ:ANSS)

Choreo LLC purchased a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,662 shares of the software maker’s stock, valued at approximately $534,000.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of ANSYS by 0.7% during 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 purchasing an additional 73,585 shares during the period. Franklin Resources Inc. grew its stake in shares of ANSYS by 1.9% during the 4th 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 during the period. Norges Bank bought a new position in shares of ANSYS during the 4th quarter valued at approximately $282,329,000. Earnest Partners LLC grew its stake in shares of ANSYS by 13.7% during the 1st quarter. Earnest Partners LLC now owns 592,017 shares of the software maker’s stock valued at $205,525,000 after acquiring an additional 71,394 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of 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 acquiring an additional 84,353 shares during the period. 92.39% of the stock is currently owned by institutional investors.

ANSYS Trading Down 0.2 %

ANSS stock opened at $318.51 on Monday. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95. The company has a market capitalization of $27.81 billion, a price-to-earnings ratio of 63.96, a PEG ratio of 6.80 and a beta of 1.12. The business has a 50 day simple moving average of $316.75 and a two-hundred day simple moving average of $325.63.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on ANSS. KeyCorp began coverage on ANSYS in a research note on Thursday, June 27th. They set a “sector weight” rating for the company. StockNews.com began coverage on ANSYS in a research note on Saturday. They set a “hold” rating for the company. Finally, 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 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 given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $318.33.

Insider Activity

In other news, Director Glenda Dorchak sold 159 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $330.81, for a total transaction of $52,598.79. Following the completion of the transaction, the director now directly owns 3,782 shares in the company, valued at approximately $1,251,123.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

About ANSYS

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.