ANSYS, Inc. (NASDAQ:ANSS) Stock Position Boosted by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. grew its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,999 shares of the software maker’s stock after buying an additional 1,951 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.08% of ANSYS worth $22,183,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Quest Partners LLC bought a new position in ANSYS during the 4th quarter valued at $29,000. DT Investment Partners LLC boosted its stake in ANSYS by 888.9% during the second 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 in the last quarter. DSM Capital Partners LLC acquired a new position in ANSYS during the fourth quarter worth about $34,000. Rothschild Investment LLC bought a new stake in ANSYS in the second quarter worth about $38,000. Finally, Core Wealth Advisors Inc. acquired a new stake in ANSYS in the 4th quarter valued at about $40,000. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the business’s stock in a transaction on Monday, July 8th. The shares were 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 of the company’s stock, valued at approximately $1,251,123.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is owned by insiders.

ANSYS Stock Up 0.5 %

ANSYS stock opened at $319.13 on Friday. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The firm’s fifty day simple moving average is $317.00 and its 200-day simple moving average is $325.88. The company has a market capitalization of $27.86 billion, a P/E ratio of 64.08, a P/E/G ratio of 6.54 and a beta of 1.12.

ANSYS (NASDAQ:ANSS) last posted its earnings results 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 company had revenue of $594.14 million for the quarter, compared to analyst estimates of $550.30 million. During the same period last year, the company earned $1.06 earnings per share. The business’s revenue was up 19.6% compared to the same quarter last year. Sell-side analysts forecast that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ANSS shares. StockNews.com assumed coverage on shares of ANSYS in a research note on Friday, September 6th. They issued a “hold” rating on the stock. Rosenblatt Securities lowered their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Finally, KeyCorp began coverage on ANSYS in a research 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $318.33.

ANSYS Company 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.