AQR Capital Management LLC Acquires 483 Shares of ANSYS, Inc. (NASDAQ:ANSS)

AQR Capital Management LLC raised its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 21.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,722 shares of the software maker’s stock after buying an additional 483 shares during the period. AQR Capital Management LLC’s holdings in ANSYS were worth $875,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ANSS. DT Investment Partners LLC lifted its position in 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 acquiring an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC bought a new position in shares of ANSYS in the second quarter valued at approximately $32,000. Rothschild Investment LLC purchased a new position in shares of ANSYS during the second quarter valued at approximately $38,000. Janiczek Wealth Management LLC boosted its position in shares of ANSYS by 39.1% during the first quarter. Janiczek Wealth Management LLC now owns 153 shares of the software maker’s stock valued at $53,000 after buying an additional 43 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in ANSYS by 2,800.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 174 shares of the software maker’s stock worth $60,000 after buying an additional 168 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the sale, the director now directly owns 3,630 shares in the company, valued at $1,138,404.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.46% of the stock is owned by corporate insiders.

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $330.03 on Friday. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The company’s 50-day moving average is $317.55 and its 200 day moving average is $323.18. 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 $28.84 billion, a P/E ratio of 58.31, a price-to-earnings-growth ratio of 6.99 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last released 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 firm had revenue of $594.14 million for the quarter, compared to analysts’ expectations of $550.30 million. During the same period in the previous year, the company earned $1.06 earnings per share. The company’s quarterly revenue was up 19.6% on a year-over-year basis. On average, equities research analysts forecast that ANSYS, Inc. will post 7.32 earnings per share for the current year.

Wall Street Analyst Weigh In

ANSS has been the topic of several recent analyst reports. Rosenblatt Securities dropped their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. StockNews.com initiated coverage on shares of ANSYS in a research report on Sunday, September 22nd. They set a “hold” rating on the stock. Finally, KeyCorp began coverage on shares of ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating on the stock. 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $318.33.

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.