Thoroughbred Financial Services LLC Invests $315,000 in ANSYS, Inc. (NASDAQ:ANSS)

Thoroughbred Financial Services LLC bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 981 shares of the software maker’s stock, valued at approximately $315,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Jump Financial LLC acquired a new position in shares of ANSYS during the 4th quarter worth approximately $257,000. Independent Advisor Alliance acquired a new position in shares of ANSYS in the fourth quarter valued at $213,000. ING Groep NV raised its position in shares of ANSYS by 637.1% in the fourth quarter. ING Groep NV now owns 9,147 shares of the software maker’s stock valued at $3,319,000 after purchasing an additional 7,906 shares during the period. Norges Bank acquired a new stake in shares of ANSYS during the 4th quarter worth about $282,329,000. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of ANSYS by 7.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,431 shares of the software maker’s stock worth $882,000 after buying an additional 171 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on ANSS shares. Rosenblatt Securities cut their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. KeyCorp initiated coverage on shares of ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating on the stock. Finally, StockNews.com assumed coverage on ANSYS in a research note on Saturday. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, ANSYS currently has a consensus rating of “Hold” and a consensus target price of $318.33.

ANSYS Stock Performance

NASDAQ ANSS opened at $317.25 on Wednesday. The stock has a fifty day simple moving average of $316.36 and a 200 day simple moving average of $325.36. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31. The company has a market capitalization of $27.70 billion, a price-to-earnings ratio of 63.70, a PEG ratio of 6.80 and a beta of 1.12. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13.

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

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $330.81, for a total transaction of $52,598.79. Following the completion of the sale, the director now owns 3,782 shares in the company, valued at approximately $1,251,123.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.46% of the company’s stock.

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.