Argent Trust Co Purchases 218 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Argent Trust Co lifted its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 17.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,468 shares of the software maker’s stock after purchasing an additional 218 shares during the quarter. Argent Trust Co’s holdings in ANSYS were worth $472,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quest Partners LLC bought a new position in ANSYS during the fourth quarter worth about $29,000. DT Investment Partners LLC grew its position in shares of ANSYS by 888.9% in the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after purchasing an additional 80 shares during the period. DSM Capital Partners LLC bought a new stake in ANSYS during the 4th quarter worth approximately $34,000. Redwood Wealth Management Group LLC acquired a new stake in ANSYS during the 2nd quarter worth approximately $32,000. Finally, Core Wealth Advisors Inc. bought a new position in ANSYS in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Trading Up 2.8 %

ANSYS stock opened at $322.29 on Friday. 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 firm has a 50-day moving average of $315.90 and a 200-day moving average of $325.26. The company has a market cap of $28.14 billion, a price-to-earnings ratio of 64.72, a P/E/G ratio of 6.80 and a beta of 1.12. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, beating the consensus estimate of $1.92 by $0.58. The firm had revenue of $594.14 million during the quarter, compared to analysts’ expectations of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.06 earnings per share. On average, equities analysts expect that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the company’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 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ANSS shares. Rosenblatt Securities dropped their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. StockNews.com assumed coverage on ANSYS in a report on Saturday, September 14th. They issued a “hold” rating on the stock. Finally, KeyCorp began coverage on ANSYS in a research report on Thursday, June 27th. They set a “sector weight” rating for the company. Two investment 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. According to MarketBeat, ANSYS currently has an average rating of “Hold” and an average price target of $318.33.

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.