Massmutual Trust Co. FSB ADV Acquires 67 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Massmutual Trust Co. FSB ADV boosted its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 52.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 195 shares of the software maker’s stock after acquiring an additional 67 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in ANSYS were worth $63,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in ANSYS in the 4th quarter valued at about $282,329,000. Swedbank AB bought a new stake in ANSYS in the 1st quarter valued at $128,089,000. M&G Plc acquired a new position in ANSYS in the 1st quarter valued at $115,922,000. Point72 Asset Management L.P. lifted its holdings in shares of ANSYS by 210.1% during the fourth quarter. Point72 Asset Management L.P. now owns 325,000 shares of the software maker’s stock worth $117,936,000 after buying an additional 220,200 shares in the last quarter. Finally, Magnetar Financial LLC bought a new stake in shares of ANSYS in the first quarter valued at about $72,797,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Stock Up 2.1 %

ANSYS stock traded up $6.25 during midday trading on Tuesday, reaching $302.79. The stock had a trading volume of 465,070 shares, compared to its average volume of 590,931. The company has a fifty day moving average price of $320.97 and a two-hundred day moving average price of $329.47. ANSYS, Inc. has a 12 month low of $258.01 and a 12 month high of $364.31. The company has a current ratio of 2.95, a quick ratio of 2.80 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $26.43 billion, a P/E ratio of 60.81, a PEG ratio of 6.90 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.58. The company had revenue of $594.14 million for the quarter, compared to analysts’ expectations of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. ANSYS’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period last year, the business earned $1.06 EPS. As a group, equities analysts expect that ANSYS, Inc. will post 7.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. KeyCorp began coverage on shares of ANSYS in a research report on Thursday, June 27th. They set a “sector weight” rating on the stock. Rosenblatt Securities cut their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, StockNews.com assumed coverage on shares of ANSYS in a research report on Monday. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $318.33.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 159 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $330.81, for a total value of $52,598.79. Following the completion of the sale, the director now owns 3,782 shares in the company, valued at $1,251,123.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company 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.