Carnegie Investment Counsel Purchases 5,605 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Carnegie Investment Counsel lifted its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 6.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,348 shares of the software maker’s stock after acquiring an additional 5,605 shares during the quarter. Carnegie Investment Counsel owned approximately 0.11% of ANSYS worth $29,425,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ANSS. DT Investment Partners LLC lifted its holdings in ANSYS by 888.9% in 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 during the period. Redwood Wealth Management Group LLC bought a new stake in ANSYS in the second quarter valued at about $32,000. Rothschild Investment LLC acquired a new position in ANSYS in the second quarter valued at about $38,000. Bangor Savings Bank boosted its holdings in ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after buying an additional 34 shares during the last quarter. Finally, Janiczek Wealth Management LLC grew its position in shares of ANSYS by 39.1% during the 1st quarter. Janiczek Wealth Management LLC now owns 153 shares of the software maker’s stock worth $53,000 after buying an additional 43 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Stock Up 0.3 %

Shares of ANSS stock opened at $330.03 on Friday. The firm’s fifty day moving average price is $317.55 and its two-hundred day moving average price is $323.18. 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 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $28.84 billion, a P/E ratio of 58.31, a PEG ratio of 6.99 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.58. The company had revenue of $594.14 million during the quarter, compared to the consensus estimate of $550.30 million. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The company’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.06 EPS. On average, equities analysts predict that ANSYS, Inc. will post 7.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 152 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

ANSS has been the topic of several recent analyst reports. StockNews.com assumed coverage on shares of ANSYS in a research note on Sunday, September 22nd. They set a “hold” rating on the stock. Rosenblatt Securities decreased 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, August 6th. Finally, KeyCorp began coverage on ANSYS in a research note on Thursday, June 27th. They set a “sector weight” rating on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, ANSYS currently has a consensus rating of “Hold” and a consensus target price of $318.33.

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.