ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by Bangor Savings Bank

Bangor Savings Bank increased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 32.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138 shares of the software maker’s stock after purchasing an additional 34 shares during the quarter. Bangor Savings Bank’s holdings in ANSYS were worth $44,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Swedbank AB acquired a new position in shares of ANSYS during the 1st quarter worth about $128,089,000. M&G Plc acquired a new position in shares of ANSYS during the 1st quarter worth about $115,922,000. Point72 Asset Management L.P. boosted its position in shares of ANSYS by 210.1% during the 4th quarter. Point72 Asset Management L.P. now owns 325,000 shares of the software maker’s stock worth $117,936,000 after acquiring an additional 220,200 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of ANSYS during the 1st quarter worth about $72,797,000. Finally, TOMS Capital Investment Management LP acquired a new position in shares of ANSYS during the 4th quarter worth about $53,647,000. 92.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ANSS has been the subject of several analyst reports. StockNews.com initiated coverage on ANSYS in a research report on Sunday, September 22nd. They set a “hold” rating for the company. KeyCorp initiated coverage on ANSYS in a research report on Thursday, June 27th. They set 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 research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $318.33.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.46% of the stock is owned by company insiders.

ANSYS Stock Up 2.5 %

ANSYS stock opened at $320.87 on Wednesday. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. The company has a market capitalization of $28.01 billion, a P/E ratio of 64.43, a PEG ratio of 6.89 and a beta of 1.11. The stock has a 50-day simple moving average of $316.04 and a 200-day simple moving average of $323.63.

ANSYS (NASDAQ:ANSS) last posted 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. The firm had revenue of $594.14 million during the quarter, compared to the consensus estimate of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The firm’s revenue was up 19.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.06 EPS. Equities research analysts expect that ANSYS, Inc. will post 7.32 earnings per share 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.