Moody National Bank Trust Division Invests $222,000 in ANSYS, Inc. (NASDAQ:ANSS)

Moody National Bank Trust Division bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSSGet Rating) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 928 shares of the software maker’s stock, valued at approximately $222,000.

A number of other institutional investors also recently modified their holdings of ANSS. JPMorgan Chase & Co. lifted its holdings in ANSYS by 26.2% in the fourth quarter. JPMorgan Chase & Co. now owns 96,656 shares of the software maker’s stock worth $38,770,000 after buying an additional 20,039 shares during the period. MAI Capital Management purchased a new stake in ANSYS in the fourth quarter worth about $267,000. Schroder Investment Management Group lifted its holdings in ANSYS by 4.4% in the fourth quarter. Schroder Investment Management Group now owns 5,236 shares of the software maker’s stock worth $2,100,000 after buying an additional 223 shares during the period. Gotham Asset Management LLC lifted its holdings in ANSYS by 5.2% in the fourth quarter. Gotham Asset Management LLC now owns 9,777 shares of the software maker’s stock worth $3,922,000 after buying an additional 487 shares during the period. Finally, Siemens Fonds Invest GmbH lifted its holdings in ANSYS by 19.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 3,475 shares of the software maker’s stock worth $1,410,000 after buying an additional 572 shares during the period. 90.80% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Price Performance

Shares of ANSS opened at $239.35 on Wednesday. The company has a market capitalization of $20.84 billion, a P/E ratio of 45.94, a price-to-earnings-growth ratio of 4.99 and a beta of 1.31. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $260.96 and a 200 day moving average of $268.67. ANSYS, Inc. has a twelve month low of $225.92 and a twelve month high of $413.89.

ANSYS (NASDAQ:ANSSGet Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The software maker reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.16. ANSYS had a net margin of 22.96% and a return on equity of 11.98%. During the same quarter in the prior year, the company earned $1.38 earnings per share. As a group, equities research analysts anticipate that ANSYS, Inc. will post 6.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of ANSYS in a report on Friday, September 16th. They issued an “overweight” rating and a $275.00 price objective for the company. Citigroup lifted their target price on shares of ANSYS to $311.00 in a report on Tuesday, August 9th. Wolfe Research started coverage on shares of ANSYS in a report on Tuesday, August 16th. They set an “outperform” rating and a $320.00 target price for the company. Rosenblatt Securities lowered their target price on shares of ANSYS from $315.00 to $285.00 and set a “neutral” rating for the company in a report on Thursday, July 21st. Finally, Mizuho lowered their target price on shares of ANSYS from $285.00 to $265.00 and set a “neutral” rating for the company in a report on Tuesday, July 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $277.33.

About ANSYS

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ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.

Further Reading

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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