ANSYS, Inc. (NASDAQ:ANSS) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp increased its position in ANSYS, Inc. (NASDAQ:ANSS) by 2.8% in the second quarter, Holdings Channel reports. The firm owned 84,745 shares of the software maker’s stock after purchasing an additional 2,338 shares during the quarter. Stifel Financial Corp’s holdings in ANSYS were worth $29,411,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. IFM Investors Pty Ltd boosted its stake in ANSYS by 19.8% in the second quarter. IFM Investors Pty Ltd now owns 11,009 shares of the software maker’s stock valued at $3,821,000 after acquiring an additional 1,817 shares during the period. Nikko Asset Management Americas Inc. boosted its stake in ANSYS by 145.2% in the second quarter. Nikko Asset Management Americas Inc. now owns 92,758 shares of the software maker’s stock valued at $27,842,000 after acquiring an additional 54,928 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in ANSYS by 47.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 234,189 shares of the software maker’s stock valued at $82,602,000 after acquiring an additional 75,361 shares during the period. Geode Capital Management LLC boosted its stake in ANSYS by 2.7% in the first quarter. Geode Capital Management LLC now owns 1,495,471 shares of the software maker’s stock valued at $506,457,000 after acquiring an additional 39,511 shares during the period. Finally, Profund Advisors LLC boosted its stake in ANSYS by 26.3% in the first quarter. Profund Advisors LLC now owns 8,677 shares of the software maker’s stock valued at $2,946,000 after acquiring an additional 1,809 shares during the period. Institutional investors and hedge funds own 88.51% of the company’s stock.

Shares of NASDAQ:ANSS opened at $347.81 on Thursday. ANSYS, Inc. has a 12 month low of $292.79 and a 12 month high of $413.19. The stock has a market cap of $30.35 billion, a price-to-earnings ratio of 66.76, a PEG ratio of 5.52 and a beta of 1.23. The stock’s 50 day moving average price is $360.07 and its 200 day moving average price is $352.68. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.72 and a quick ratio of 2.72.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Tuesday, August 3rd. The software maker reported $1.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.29. The company had revenue of $452.55 million for the quarter, compared to analysts’ expectations of $433.34 million. ANSYS had a return on equity of 12.45% and a net margin of 25.40%. The firm’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 earnings per share. On average, sell-side analysts expect that ANSYS, Inc. will post 5.48 EPS for the current year.

In other news, CEO Ajei Gopal sold 63,726 shares of the business’s stock in a transaction on Tuesday, August 10th. The shares were sold at an average price of $364.07, for a total transaction of $23,200,724.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Shane Emswiler sold 436 shares of the business’s stock in a transaction on Tuesday, October 5th. The shares were sold at an average price of $335.65, for a total transaction of $146,343.40. The disclosure for this sale can be found here. Insiders sold 64,462 shares of company stock worth $23,456,562 in the last ninety days. 0.63% of the stock is owned by corporate insiders.

A number of equities research analysts have recently weighed in on ANSS shares. Credit Suisse Group lifted their price target on ANSYS from $389.00 to $398.00 and gave the company an “outperform” rating in a report on Friday, August 6th. Benchmark lifted their price target on ANSYS from $370.00 to $415.00 and gave the company a “buy” rating in a report on Friday, August 6th. They noted that the move was a valuation call. Rosenblatt Securities lifted their price target on ANSYS from $340.00 to $370.00 and gave the company a “neutral” rating in a report on Friday, August 6th. Zacks Investment Research raised ANSYS from a “hold” rating to a “buy” rating and set a $390.00 price target on the stock in a report on Tuesday, August 10th. Finally, Citigroup lifted their price target on ANSYS from $345.00 to $380.00 and gave the company a “neutral” rating in a report on Friday, August 6th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $349.75.

About ANSYS

ANSYS, Inc engages in the development and marketing of engineering simulation software and services. It operates through the following geographical segments: United States; Japan; Germany; South Korea; France; China; Other EMEA; and Other International. The firm’s solutions include automotive; aerospace and defense; construction; energy; materials and chemical processing; autonomous engineering; and electrification.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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