Sei Investments Co. Has $136.28 Million Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Sei Investments Co. increased its stake in ANSYS, Inc. (NASDAQ:ANSS) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 423,892 shares of the software maker’s stock after purchasing an additional 6,867 shares during the quarter. Sei Investments Co. owned approximately 0.49% of ANSYS worth $136,281,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quest Partners LLC purchased a new position in shares of ANSYS in the fourth quarter worth approximately $29,000. DT Investment Partners LLC grew its position in ANSYS by 888.9% during the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after purchasing an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new stake in ANSYS during the 2nd quarter valued at $32,000. DSM Capital Partners LLC purchased a new stake in shares of ANSYS in the fourth quarter valued at $34,000. Finally, Rothschild Investment LLC acquired a new stake in shares of ANSYS in the second quarter worth $38,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the 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 transaction, the director now directly owns 3,782 shares of the company’s stock, valued at $1,251,123.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is owned by company insiders.

ANSYS Stock Down 0.6 %

ANSS opened at $320.25 on Friday. The company has a market capitalization of $27.96 billion, a PE ratio of 64.31, a price-to-earnings-growth ratio of 6.80 and a beta of 1.12. The business has a 50-day moving average of $315.72 and a 200-day moving average of $325.12. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week 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.

ANSYS (NASDAQ:ANSS) last posted its earnings results 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. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The firm had revenue of $594.14 million during the quarter, compared to analysts’ expectations of $550.30 million. During the same period in the previous year, the company earned $1.06 earnings per share. The company’s revenue was up 19.6% compared to the same quarter last year. Equities research analysts forecast that ANSYS, Inc. will post 7.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Rosenblatt Securities dropped their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. StockNews.com began coverage on ANSYS in a report on Saturday, September 14th. They issued a “hold” rating on the stock. Finally, KeyCorp started coverage on shares of ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, ANSYS presently has an average rating of “Hold” and an average price target of $318.33.

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.