M&G Plc Boosts Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

M&G PLC lifted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 5.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,325 shares of the software maker's stock after purchasing an additional 18,164 shares during the quarter. M&G PLC owned about 0.40% of ANSYS worth $111,754,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. DT Investment Partners LLC grew its stake in ANSYS by 888.9% in the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker's stock valued at $29,000 after acquiring an additional 80 shares during the period. Redwood Wealth Management Group LLC acquired a new stake in ANSYS in the 2nd quarter valued at $32,000. Rothschild Investment LLC bought a new stake in ANSYS during the 2nd quarter valued at $38,000. Bangor Savings Bank raised its holdings in ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock worth $44,000 after buying an additional 34 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its stake in shares of ANSYS by 2,833.3% in the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker's stock valued at $56,000 after buying an additional 170 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Stock Performance

ANSS stock traded up $21.96 during midday trading on Thursday, hitting $355.58. The company's stock had a trading volume of 1,166,634 shares, compared to its average volume of 527,072. ANSYS, Inc. has a 1 year low of $275.81 and a 1 year high of $364.31. The stock has a market cap of $31.07 billion, a price-to-earnings ratio of 62.39, a PEG ratio of 6.94 and a beta of 1.11. The stock's 50-day moving average price is $320.75 and its 200 day moving average price is $321.58. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.72. The company had revenue of $601.89 million during the quarter, compared to analyst estimates of $531.07 million. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. On average, equities analysts forecast that ANSYS, Inc. will post 7.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ANSS. StockNews.com downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday. Robert W. Baird raised their target price on ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Rosenblatt Securities decreased their price target on ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $333.00.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the company's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the transaction, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is currently owned by company insiders.

ANSYS Company 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.