Summit Trail Advisors LLC Grows Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Summit Trail Advisors LLC lifted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 89.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,798 shares of the software maker’s stock after acquiring an additional 848 shares during the quarter. Summit Trail Advisors LLC’s holdings in ANSYS were worth $578,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Quest Partners LLC purchased a new position in ANSYS during the 4th quarter worth $29,000. DT Investment Partners LLC grew its position in shares of ANSYS by 888.9% during the 2nd 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 shares of ANSYS during the second quarter valued at $32,000. DSM Capital Partners LLC bought a new stake in shares of ANSYS in the fourth quarter valued at about $34,000. Finally, Rothschild Investment LLC purchased a new stake in ANSYS in the second quarter worth about $38,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ANSS has been the topic of a number of research reports. Rosenblatt Securities cut their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. KeyCorp started coverage on shares of ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating on the stock. Finally, StockNews.com began coverage on ANSYS in a report on Sunday. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $318.33.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 159 shares of the company’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 transaction, the director now owns 3,782 shares in the company, valued at $1,251,123.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

ANSYS Trading Down 0.6 %

NASDAQ ANSS opened at $320.25 on Monday. The firm has a market cap of $27.96 billion, a PE ratio of 64.31, a price-to-earnings-growth ratio of 6.80 and a beta of 1.12. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31. 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 company has a 50 day moving average price of $315.72 and a 200 day moving average price of $325.02.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $550.30 million. During the same quarter in the prior year, the business posted $1.06 EPS. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. As a group, sell-side analysts forecast that ANSYS, Inc. will post 7.32 EPS for the current fiscal 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.