ANSYS, Inc. (NASDAQ:ANSS) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 2,656.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 634 shares of the software maker’s stock after acquiring an additional 611 shares during the quarter. Exchange Traded Concepts LLC’s holdings in ANSYS were worth $202,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Carnegie Investment Counsel boosted its holdings in ANSYS by 6.5% in the third quarter. Carnegie Investment Counsel now owns 92,348 shares of the software maker’s stock worth $29,425,000 after acquiring an additional 5,605 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in ANSYS by 32.6% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,073 shares of the software maker’s stock worth $2,253,000 after acquiring an additional 1,740 shares in the last quarter. Wedmont Private Capital boosted its holdings in ANSYS by 2.7% in the third quarter. Wedmont Private Capital now owns 2,176 shares of the software maker’s stock worth $681,000 after acquiring an additional 57 shares in the last quarter. CWM LLC boosted its holdings in ANSYS by 3.8% in the third quarter. CWM LLC now owns 6,112 shares of the software maker’s stock worth $1,947,000 after acquiring an additional 226 shares in the last quarter. Finally, Bangor Savings Bank boosted its holdings in ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Rosenblatt Securities decreased their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. StockNews.com assumed coverage on ANSYS in a report on Sunday, September 22nd. They set a “hold” rating for the company. Finally, KeyCorp assumed coverage on ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating for the company. Two 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $318.33.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the transaction, the director now directly owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Trading Up 0.0 %

Shares of NASDAQ:ANSS opened at $327.46 on Tuesday. ANSYS, Inc. has a 12-month low of $258.01 and a 12-month high of $364.31. The company has a market capitalization of $28.59 billion, a PE ratio of 65.76, a PEG ratio of 6.99 and a beta of 1.11. The business has a 50 day moving average of $320.30 and a two-hundred day moving average of $322.26. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13.

ANSYS (NASDAQ:ANSS) last announced its quarterly 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 return on equity of 11.51% and a net margin of 21.30%. The company had revenue of $594.14 million during the quarter, compared to the consensus estimate of $550.30 million. During the same period in the previous year, the company posted $1.06 earnings per share. ANSYS’s revenue for the quarter was up 19.6% on a year-over-year basis. As a group, analysts forecast that ANSYS, Inc. will post 7.32 EPS for the current year.

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.