UniSuper Management Pty Ltd Increases Holdings in ANSYS, Inc. (NASDAQ:ANSS)

UniSuper Management Pty Ltd boosted its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 32.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,931 shares of the software maker’s stock after purchasing an additional 3,400 shares during the quarter. UniSuper Management Pty Ltd’s holdings in ANSYS were worth $4,836,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. lifted its stake in ANSYS by 64.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 1,085 shares of the software maker’s stock worth $323,000 after acquiring an additional 427 shares during the period. HB Wealth Management LLC lifted its position in shares of ANSYS by 16.7% in the 4th quarter. HB Wealth Management LLC now owns 1,824 shares of the software maker’s stock worth $662,000 after purchasing an additional 261 shares during the period. CVA Family Office LLC bought a new position in shares of ANSYS during the fourth quarter valued at approximately $28,000. Portside Wealth Group LLC purchased a new position in ANSYS during the fourth quarter valued at approximately $226,000. Finally, Alecta Tjanstepension Omsesidigt bought a new position in ANSYS in the fourth quarter worth approximately $145,144,000. 92.39% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Glenda Dorchak sold 159 shares of the firm’s 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 completion of the transaction, the director now owns 3,782 shares in the company, valued at approximately $1,251,123.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

ANSYS Stock Up 0.5 %

Shares of ANSS stock traded up $1.44 during trading hours on Tuesday, reaching $320.08. 262,995 shares of the company’s stock were exchanged, compared to its average volume of 597,434. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14. The stock has a market cap of $27.94 billion, a PE ratio of 64.27, a PEG ratio of 7.00 and a beta of 1.11. The stock’s fifty day moving average price is $324.72 and its two-hundred day moving average price is $331.76.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.54). ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The company had revenue of $466.60 million for the quarter, compared to analysts’ expectations of $549.85 million. During the same period in the prior year, the firm posted $1.45 EPS. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. Research analysts predict that ANSYS, Inc. will post 7.05 EPS for the current year.

Analyst Upgrades and Downgrades

ANSS has been the topic of several recent research reports. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 target price on shares of ANSYS in a research report on Friday, May 3rd. KeyCorp assumed coverage on ANSYS in a research report on Thursday, June 27th. They set a “sector weight” rating on the stock. Finally, StockNews.com initiated coverage on shares of ANSYS in a report on Saturday. They issued a “hold” rating for the company. Two equities 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 company’s stock. According to MarketBeat.com, ANSYS currently has an average rating of “Hold” and a consensus price target of $320.00.

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.