Murchinson Ltd. Invests $3.26 Million in ANSYS, Inc. (NASDAQ:ANSS)

Murchinson Ltd. bought a new position in ANSYS, Inc. (NASDAQ:ANSS) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 10,128 shares of the software maker’s stock, valued at approximately $3,256,000. ANSYS comprises 0.6% of Murchinson Ltd.’s portfolio, making the stock its 16th largest holding.

Several other large investors have also added to or reduced their stakes in the business. Wedmont Private Capital raised its stake in shares of ANSYS by 1.3% in the first quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock worth $779,000 after purchasing an additional 30 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in ANSYS by 3.7% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock valued at $311,000 after buying an additional 32 shares during the last quarter. Personal CFO Solutions LLC lifted its stake in ANSYS by 2.6% during the 4th quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock valued at $493,000 after acquiring an additional 34 shares in the last quarter. Wasatch Advisors LP boosted its holdings in ANSYS by 1.8% during the 1st quarter. Wasatch Advisors LP now owns 2,082 shares of the software maker’s stock worth $723,000 after acquiring an additional 36 shares during the last quarter. Finally, Fulton Bank N.A. grew its stake in shares of ANSYS by 3.8% in the 1st quarter. Fulton Bank N.A. now owns 1,091 shares of the software maker’s stock worth $379,000 after acquiring an additional 40 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Up 0.3 %

ANSS opened at $321.27 on Tuesday. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31. The company’s 50-day moving average price is $315.60 and its two-hundred day moving average price is $324.89. The stock has a market cap of $28.05 billion, a price-to-earnings ratio of 64.51, 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 posted its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, beating the consensus estimate of $1.92 by $0.58. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The business had revenue of $594.14 million for the quarter, compared to the consensus estimate of $550.30 million. During the same quarter in the prior year, the business earned $1.06 earnings per share. ANSYS’s revenue for the quarter was up 19.6% on a year-over-year basis. As a group, equities analysts expect that ANSYS, Inc. will post 7.32 earnings per share for the current year.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $330.81, for a total transaction of $52,598.79. Following the sale, 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 legal filing with the SEC, which is available through the SEC website. 0.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ANSS has been the topic of a number of recent analyst reports. Rosenblatt Securities dropped their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. KeyCorp assumed coverage on shares of ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating for the company. Finally, StockNews.com began coverage on ANSYS in a research note on Sunday. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.