Skandinaviska Enskilda Banken AB publ Grows Position in ANSYS, Inc. (NASDAQ:ANSS)

Skandinaviska Enskilda Banken AB publ grew its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,653 shares of the software maker’s stock after buying an additional 1,402 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in ANSYS were worth $8,243,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quest Partners LLC purchased a new position in ANSYS during the fourth quarter worth $29,000. DT Investment Partners LLC increased its position in 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 in the last quarter. Redwood Wealth Management Group LLC purchased a new position in ANSYS during the second quarter worth $32,000. DSM Capital Partners LLC purchased a new stake in shares of ANSYS in the fourth quarter valued at $34,000. Finally, Rothschild Investment LLC purchased a new stake in shares of ANSYS in the second quarter valued at $38,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 159 shares of ANSYS stock in a transaction on Monday, July 8th. The stock was sold at an average price of $330.81, for a total value of $52,598.79. Following the transaction, the director now owns 3,782 shares in the company, valued at $1,251,123.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is owned by insiders.

ANSYS Price Performance

Shares of ANSYS stock opened at $320.25 on Friday. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31. The stock has a market capitalization of $27.96 billion, a P/E ratio of 64.31, a PEG ratio of 6.80 and a beta of 1.12. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average price is $315.72 and its 200 day moving average price is $325.09.

ANSYS (NASDAQ:ANSS) last issued 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 return on equity of 11.51% and a net margin of 21.30%. The firm had revenue of $594.14 million for the quarter, compared to analysts’ expectations of $550.30 million. During the same quarter last year, the firm earned $1.06 earnings per share. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. As a group, research analysts anticipate that ANSYS, Inc. will post 7.32 earnings per share for the current year.

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.