1,421 Shares in ANSYS, Inc. (NASDAQ:ANSS) Acquired by MQS Management LLC

MQS Management LLC purchased a new position in ANSYS, Inc. (NASDAQ:ANSS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,421 shares of the software maker’s stock, valued at approximately $457,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB bought a new stake in shares of ANSYS during the first quarter worth about $128,089,000. M&G Plc purchased a new position in ANSYS during the first quarter worth about $115,922,000. Point72 Asset Management L.P. grew its position in ANSYS by 210.1% in the 4th quarter. Point72 Asset Management L.P. now owns 325,000 shares of the software maker’s stock worth $117,936,000 after purchasing an additional 220,200 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of ANSYS during the 1st quarter worth approximately $72,797,000. Finally, TOMS Capital Investment Management LP purchased a new stake in shares of ANSYS during the 4th quarter valued at $53,647,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Stock Performance

NASDAQ:ANSS opened at $322.29 on Friday. The stock has a market cap of $28.14 billion, a P/E ratio of 64.72, 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. The business’s 50-day moving average price is $315.90 and its two-hundred day moving average price is $325.26. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31.

ANSYS (NASDAQ:ANSS) last announced its earnings results 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 business had revenue of $594.14 million for the quarter, compared to the consensus estimate of $550.30 million. During the same period last year, the firm posted $1.06 earnings per share. ANSYS’s quarterly revenue was up 19.6% on a year-over-year basis. As a group, equities analysts predict that ANSYS, Inc. will post 7.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 159 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was 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 approximately $1,251,123.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.46% of the stock is owned by company insiders.

ANSYS 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.