International Assets Investment Management LLC Invests $54.82 Million in ANSYS, Inc. (NASDAQ:ANSS)

International Assets Investment Management LLC bought a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,206 shares of the software maker’s stock, valued at approximately $54,820,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ANSS. DT Investment Partners LLC raised its holdings in ANSYS by 888.9% during the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after buying an additional 80 shares during the period. Redwood Wealth Management Group LLC bought a new position in ANSYS during the second quarter valued at $32,000. Rothschild Investment LLC bought a new stake in shares of ANSYS in the 2nd quarter worth about $38,000. Bangor Savings Bank lifted its holdings in shares of ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after acquiring an additional 34 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. boosted its stake in shares of ANSYS by 2,833.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after purchasing an additional 170 shares during the period. 92.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Rosenblatt Securities decreased their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. StockNews.com assumed coverage on ANSYS in a research report on Sunday, September 22nd. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $318.33.

ANSYS Trading Up 0.4 %

ANSS opened at $322.81 on Monday. 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 stock’s fifty day moving average is $320.38 and its two-hundred day moving average is $321.71. The company has a market capitalization of $28.18 billion, a P/E ratio of 64.82, a PEG ratio of 6.99 and a beta of 1.11. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 earnings per share 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 the consensus estimate of $550.30 million. During the same period in the previous year, the company posted $1.06 earnings per share. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. Analysts forecast that ANSYS, Inc. will post 7.32 earnings per share for the current year.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the transaction, the director now directly owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.46% of the company’s stock.

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.