Dimensional Fund Advisors LP Raises Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Dimensional Fund Advisors LP raised its position in ANSYS, Inc. (NASDAQ:ANSS) by 7.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 211,230 shares of the software maker’s stock after acquiring an additional 15,194 shares during the period. Dimensional Fund Advisors LP owned approximately 0.24% of ANSYS worth $67,913,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ANSS. Quest Partners LLC acquired a new stake in ANSYS in the fourth quarter valued at approximately $29,000. DT Investment Partners LLC lifted its stake in shares of ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after buying an additional 80 shares during the period. Redwood Wealth Management Group LLC acquired a new stake in shares of ANSYS during the second quarter worth $32,000. Rothschild Investment LLC acquired a new stake in shares of ANSYS during the second quarter worth $38,000. Finally, Core Wealth Advisors Inc. acquired a new stake in shares of ANSYS during the fourth quarter worth $40,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of ANSYS in a research note on Sunday, September 22nd. They set a “hold” rating for the company. KeyCorp assumed coverage on shares of ANSYS in a research note on Thursday, June 27th. They set a “sector weight” rating for the company. Finally, Rosenblatt Securities lowered their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, ANSYS currently has an average rating of “Hold” and a consensus price target of $318.33.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 159 shares of the business’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 completion of the sale, the director now owns 3,782 shares of the company’s stock, valued at $1,251,123.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by corporate insiders.

ANSYS Trading Up 0.1 %

NASDAQ ANSS opened at $325.15 on Friday. 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 fifty day moving average of $315.64 and a 200 day moving average of $324.77. The company has a market capitalization of $28.41 billion, a PE ratio of 65.29, a P/E/G ratio of 6.89 and a beta of 1.12.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 earnings per share 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 company had revenue of $594.14 million during the quarter, compared to analysts’ expectations of $550.30 million. During the same quarter in the previous year, the company earned $1.06 earnings per share. The firm’s revenue for the quarter was up 19.6% on a year-over-year basis. Research analysts forecast that ANSYS, Inc. will post 7.32 earnings per share for the current year.

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.