Sawtooth Solutions LLC Purchases 131 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Sawtooth Solutions LLC increased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 15.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 954 shares of the software maker’s stock after purchasing an additional 131 shares during the period. Sawtooth Solutions LLC’s holdings in ANSYS were worth $325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in ANSYS by 1.7% during the third quarter. BlackRock Inc. now owns 7,442,941 shares of the software maker’s stock valued at $2,533,948,000 after buying an additional 126,443 shares during the last quarter. Nordea Investment Management AB lifted its position in ANSYS by 129.8% during the third quarter. Nordea Investment Management AB now owns 1,791,754 shares of the software maker’s stock valued at $615,898,000 after purchasing an additional 1,011,990 shares during the last quarter. Geode Capital Management LLC lifted its position in ANSYS by 3.5% during the second quarter. Geode Capital Management LLC now owns 1,548,271 shares of the software maker’s stock valued at $535,856,000 after purchasing an additional 52,800 shares during the last quarter. Ownership Capital B.V. lifted its position in ANSYS by 3.3% during the third quarter. Ownership Capital B.V. now owns 1,461,047 shares of the software maker’s stock valued at $497,413,000 after purchasing an additional 46,252 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in ANSYS by 6.6% during the second quarter. Bank of America Corp DE now owns 1,175,147 shares of the software maker’s stock valued at $407,847,000 after purchasing an additional 73,051 shares during the last quarter. 89.36% of the stock is owned by hedge funds and other institutional investors.

ANSS stock opened at $348.54 on Friday. The firm has a 50 day moving average of $393.09 and a 200 day moving average of $372.37. The stock has a market capitalization of $30.41 billion, a PE ratio of 65.64, a price-to-earnings-growth ratio of 4.71 and a beta of 1.24. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.17. ANSYS, Inc. has a 52 week low of $292.79 and a 52 week high of $413.89.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Tuesday, November 2nd. The software maker reported $1.59 EPS for the quarter, beating the consensus estimate of $1.34 by $0.25. The business had revenue of $445.42 million during the quarter, compared to analysts’ expectations of $414.98 million. ANSYS had a net margin of 24.92% and a return on equity of 12.26%. During the same period in the previous year, the business posted $1.03 EPS. On average, equities research analysts expect that ANSYS, Inc. will post 5.65 earnings per share for the current year.

Several research analysts recently commented on the stock. Barclays raised their price target on shares of ANSYS from $275.00 to $305.00 and gave the stock an “underweight” rating in a research note on Friday, November 5th. Citigroup raised their price target on shares of ANSYS from $380.00 to $425.00 and gave the stock a “neutral” rating in a research note on Friday, November 5th. Credit Suisse Group raised their price target on shares of ANSYS from $381.00 to $437.00 and gave the stock an “outperform” rating in a research note on Monday, November 8th. Rosenblatt Securities reissued a “hold” rating and set a $370.00 target price on shares of ANSYS in a research report on Monday, November 1st. Finally, Robert W. Baird cut shares of ANSYS from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $419.00 to $405.00 in a report on Thursday, January 6th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $339.27.

In other news, VP Janet Lee sold 2,899 shares of the company’s stock in a transaction on Monday, October 25th. The shares were sold at an average price of $370.00, for a total transaction of $1,072,630.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Maria T. Shields sold 18,000 shares of the company’s stock in a transaction on Monday, January 3rd. The stock was sold at an average price of $394.02, for a total transaction of $7,092,360.00. The disclosure for this sale can be found here. 0.63% of the stock is owned by insiders.

ANSYS Company Profile

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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