Jacobson & Schmitt Advisors LLC Buys 1,758 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Jacobson & Schmitt Advisors LLC grew its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 4.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 40,267 shares of the software maker's stock after buying an additional 1,758 shares during the period. ANSYS makes up 2.6% of Jacobson & Schmitt Advisors LLC's investment portfolio, making the stock its 13th biggest holding. Jacobson & Schmitt Advisors LLC's holdings in ANSYS were worth $13,583,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. CIBC Asset Management Inc lifted its holdings in shares of ANSYS by 3.6% during the 4th quarter. CIBC Asset Management Inc now owns 28,094 shares of the software maker's stock worth $9,477,000 after acquiring an additional 978 shares during the period. Sanctuary Advisors LLC raised its position in ANSYS by 1.4% in the fourth quarter. Sanctuary Advisors LLC now owns 11,796 shares of the software maker's stock worth $4,147,000 after purchasing an additional 162 shares in the last quarter. Principal Financial Group Inc. lifted its stake in ANSYS by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker's stock worth $192,456,000 after purchasing an additional 7,098 shares during the period. Pathway Financial Advisors LLC bought a new position in ANSYS during the fourth quarter worth about $206,000. Finally, Allworth Financial LP boosted its holdings in ANSYS by 33.7% during the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker's stock valued at $92,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 92.39% of the company's stock.

ANSYS Trading Up 1.1 %

ANSS traded up $3.72 during mid-day trading on Thursday, reaching $340.46. The stock had a trading volume of 714,752 shares, compared to its average volume of 482,720. The firm's fifty day simple moving average is $342.83 and its two-hundred day simple moving average is $332.42. The stock has a market capitalization of $29.77 billion, a P/E ratio of 52.54, a P/E/G ratio of 3.53 and a beta of 1.12. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a net margin of 23.01% and a return on equity of 12.64%. The business had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. On average, equities analysts predict that ANSYS, Inc. will post 7.66 EPS for the current year.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ANSS. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a report on Monday, January 6th. Robert W. Baird lifted their price objective on ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, ANSYS has an average rating of "Hold" and an average price target of $346.67.

ANSYS 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.