Stephens Investment Management Group LLC Acquires 1,243 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Stephens Investment Management Group LLC raised its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 87,860 shares of the software maker’s stock after acquiring an additional 1,243 shares during the period. Stephens Investment Management Group LLC owned approximately 0.10% of ANSYS worth $27,995,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ANSS. Swedbank AB purchased a new position in shares of ANSYS in the 1st quarter worth $128,089,000. M&G Plc purchased a new stake in shares of ANSYS during the 1st quarter valued at about $115,922,000. Magnetar Financial LLC bought a new position in shares of ANSYS in the 1st quarter worth approximately $72,797,000. Matrix Capital Management Company LP purchased a new position in shares of ANSYS in the first quarter worth approximately $50,338,000. Finally, Canada Pension Plan Investment Board grew its position in ANSYS by 1,052.9% during the first quarter. Canada Pension Plan Investment Board now owns 99,263 shares of the software maker’s stock valued at $34,460,000 after buying an additional 90,653 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Trading Down 2.5 %

Shares of ANSYS stock opened at $320.41 on Friday. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. The company has a market capitalization of $28.00 billion, a P/E ratio of 56.61, a P/E/G ratio of 6.99 and a beta of 1.11. The company has a fifty day moving average of $320.17 and a 200 day moving average of $321.58.

ANSYS (NASDAQ:ANSS) last released its 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 return on equity of 11.51% and a net margin of 21.30%. The firm had revenue of $594.14 million during the quarter, compared to analysts’ expectations of $550.30 million. During the same quarter last year, the business posted $1.06 earnings per share. The firm’s revenue was up 19.6% on a year-over-year basis. On average, sell-side analysts anticipate that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on ANSS shares. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Tuesday. Rosenblatt Securities lowered their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $318.33.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction on 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 owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

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.