Petrus Trust Company LTA Grows Stake in ANSYS, Inc. (NASDAQ:ANSS)

Petrus Trust Company LTA lifted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 51.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,909 shares of the software maker’s stock after acquiring an additional 16,000 shares during the quarter. ANSYS makes up 1.5% of Petrus Trust Company LTA’s portfolio, making the stock its 20th biggest position. Petrus Trust Company LTA owned 0.05% of ANSYS worth $14,947,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. D1 Capital Partners L.P. bought a new position in ANSYS in the 3rd quarter worth $73,345,000. Bank of Montreal Can increased its position in shares of ANSYS by 72.8% during the second quarter. Bank of Montreal Can now owns 213,323 shares of the software maker’s stock valued at $69,488,000 after buying an additional 89,840 shares during the period. Calamos Advisors LLC bought a new position in ANSYS in the second quarter worth about $27,328,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in ANSYS by 140.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 138,615 shares of the software maker’s stock valued at $44,565,000 after acquiring an additional 80,886 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in ANSYS by 267.4% during the 2nd quarter. Squarepoint Ops LLC now owns 82,383 shares of the software maker’s stock valued at $26,486,000 after acquiring an additional 59,959 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This trade represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ANSS shares. Robert W. Baird raised their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Rosenblatt Securities cut their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Finally, StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $342.50.

ANSYS Stock Performance

Shares of ANSYS stock opened at $351.05 on Wednesday. The stock has a market cap of $30.70 billion, a price-to-earnings ratio of 54.17, a PEG ratio of 3.97 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. ANSYS, Inc. has a 1 year low of $275.81 and a 1 year high of $364.31. The firm’s 50-day moving average is $332.11 and its 200 day moving average is $324.23.

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.