243 Shares in ANSYS, Inc. (NASDAQ:ANSS) Bought by Ridgewood Investments LLC

Ridgewood Investments LLC purchased a new stake in ANSYS, Inc. (NASDAQ:ANSS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 243 shares of the software maker’s stock, valued at approximately $78,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ANSS. Wedmont Private Capital increased its position in shares of ANSYS by 1.3% during the first quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock worth $779,000 after acquiring an additional 30 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of ANSYS by 3.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock worth $311,000 after purchasing an additional 32 shares during the last quarter. Ieq Capital LLC lifted its holdings in shares of ANSYS by 1.2% in the fourth quarter. Ieq Capital LLC now owns 2,853 shares of the software maker’s stock valued at $1,035,000 after purchasing an additional 34 shares in the last quarter. Personal CFO Solutions LLC boosted its position in shares of ANSYS by 2.6% during the fourth quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock valued at $493,000 after buying an additional 34 shares during the last quarter. Finally, FineMark National Bank & Trust grew its holdings in ANSYS by 4.9% during the fourth quarter. FineMark National Bank & Trust now owns 769 shares of the software maker’s stock worth $279,000 after buying an additional 36 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

ANSS has been the topic of a number of analyst reports. KeyCorp started coverage on shares of ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating on the stock. Rosenblatt Securities reduced their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Finally, StockNews.com initiated coverage on shares of ANSYS in a research note on Thursday. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, ANSYS presently has an average rating of “Hold” and an average price target of $318.33.

ANSYS Stock Performance

NASDAQ ANSS traded up $4.39 during trading hours on Thursday, reaching $319.99. 303,936 shares of the company were exchanged, compared to its average volume of 561,393. The company has a quick ratio of 2.80, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $27.94 billion, a P/E ratio of 64.26, a P/E/G ratio of 6.90 and a beta of 1.11. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31. The business’s 50 day simple moving average is $319.26 and its 200-day simple moving average is $327.30.

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

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 159 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $330.81, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.