ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by Assetmark Inc.

Assetmark Inc. boosted its position in ANSYS, Inc. (NASDAQ:ANSSGet Rating) by 7.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,973 shares of the software maker’s stock after buying an additional 135 shares during the quarter. Assetmark Inc.’s holdings in ANSYS were worth $437,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ANSS. Bishop Rock Capital L.P. lifted its holdings in ANSYS by 9,241.9% in the 2nd quarter. Bishop Rock Capital L.P. now owns 2,302,209 shares of the software maker’s stock worth $9,621,000 after buying an additional 2,277,565 shares in the last quarter. FMR LLC lifted its holdings in ANSYS by 22.1% in the 2nd quarter. FMR LLC now owns 2,857,563 shares of the software maker’s stock worth $683,787,000 after buying an additional 517,220 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in ANSYS by 175.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 701,248 shares of the software maker’s stock worth $167,802,000 after buying an additional 446,716 shares in the last quarter. Pendal Group Ltd lifted its holdings in ANSYS by 629.3% in the 3rd quarter. Pendal Group Ltd now owns 420,103 shares of the software maker’s stock worth $93,137,000 after buying an additional 362,501 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in ANSYS by 221.1% in the 2nd quarter. Renaissance Technologies LLC now owns 234,529 shares of the software maker’s stock worth $56,120,000 after buying an additional 161,500 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $248.40 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.17. ANSYS, Inc. has a fifty-two week low of $194.23 and a fifty-two week high of $345.64. The firm has a 50-day simple moving average of $245.78 and a 200 day simple moving average of $244.56. The company has a market cap of $21.64 billion, a PE ratio of 46.52, a P/E/G ratio of 4.82 and a beta of 1.26.

ANSYS (NASDAQ:ANSSGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The software maker reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.17. ANSYS had a net margin of 23.13% and a return on equity of 12.13%. The business had revenue of $472.51 million during the quarter, compared to the consensus estimate of $467.78 million. During the same quarter in the prior year, the firm earned $1.19 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, sell-side analysts anticipate that ANSYS, Inc. will post 6.09 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ANSS shares. Credit Suisse Group dropped their target price on shares of ANSYS from $319.00 to $274.00 and set an “outperform” rating for the company in a research report on Friday, November 4th. Rosenblatt Securities raised shares of ANSYS from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $295.00 to $270.00 in a research report on Monday, October 24th. Royal Bank of Canada dropped their target price on shares of ANSYS from $260.00 to $248.00 and set a “sector perform” rating for the company in a research report on Friday, November 4th. Oppenheimer dropped their target price on shares of ANSYS from $325.00 to $275.00 in a research report on Thursday, November 3rd. Finally, Barclays boosted their target price on shares of ANSYS from $200.00 to $226.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, ANSYS presently has an average rating of “Hold” and an average target price of $262.64.

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

Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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