CCLA Investment Management Buys 4,200 Shares of ANSYS, Inc. (NASDAQ:ANSS)

CCLA Investment Management boosted its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 1.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 398,560 shares of the software maker's stock after purchasing an additional 4,200 shares during the period. ANSYS comprises approximately 2.0% of CCLA Investment Management's portfolio, making the stock its 16th largest position. CCLA Investment Management owned 0.46% of ANSYS worth $128,081,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ANSS. Quest Partners LLC purchased a new position in shares of ANSYS in the 4th quarter valued at about $29,000. DT Investment Partners LLC increased its stake in ANSYS by 888.9% in the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker's stock valued at $29,000 after purchasing an additional 80 shares in the last quarter. DSM Capital Partners LLC purchased a new position in ANSYS in the 4th quarter valued at approximately $34,000. Redwood Wealth Management Group LLC purchased a new position in ANSYS during the second quarter worth $32,000. Finally, Core Wealth Advisors Inc. acquired a new stake in shares of ANSYS during the fourth quarter worth $40,000. Institutional investors and hedge funds own 92.39% of the company's stock.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 159 shares of the company's stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $330.81, for a total value of $52,598.79. Following the sale, the director now directly owns 3,782 shares of the company's stock, valued at approximately $1,251,123.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.46% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ANSS shares. KeyCorp started coverage on ANSYS in a research report on Thursday, June 27th. They issued a "sector weight" rating for the company. StockNews.com assumed coverage on ANSYS in a research note on Saturday. They set a "hold" rating for the company. Finally, Rosenblatt Securities cut their price objective on ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $318.33.

ANSYS Trading Down 1.2 %

Shares of ANSS stock traded down $3.86 on Wednesday, hitting $313.39. The stock had a trading volume of 346,342 shares, compared to its average volume of 551,084. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31. The firm has a market cap of $27.36 billion, a P/E ratio of 62.93, a PEG ratio of 6.80 and a beta of 1.12. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average price of $316.36 and a two-hundred day moving average price of $325.36.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, beating the consensus estimate of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The business had revenue of $594.14 million for the quarter, compared to analysts' expectations of $550.30 million. During the same period in the previous year, the firm posted $1.06 EPS. The firm's revenue was up 19.6% compared to the same quarter last year. As a group, analysts forecast that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal year.

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.