Assenagon Asset Management S.A. Boosts Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Assenagon Asset Management S.A. boosted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 20.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,607 shares of the software maker's stock after buying an additional 1,970 shares during the quarter. Assenagon Asset Management S.A.'s holdings in ANSYS were worth $3,698,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. IFM Investors Pty Ltd boosted its holdings in ANSYS by 2.5% in the third quarter. IFM Investors Pty Ltd now owns 18,003 shares of the software maker's stock valued at $5,736,000 after acquiring an additional 434 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of ANSYS in the 3rd quarter valued at $54,820,000. Signaturefd LLC boosted its stake in shares of ANSYS by 7.0% in the 3rd quarter. Signaturefd LLC now owns 1,334 shares of the software maker's stock valued at $425,000 after purchasing an additional 87 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of ANSYS by 6.5% during the third quarter. Sequoia Financial Advisors LLC now owns 1,504 shares of the software maker's stock worth $479,000 after buying an additional 92 shares during the period. Finally, Raymond James & Associates increased its position in shares of ANSYS by 0.4% during the third quarter. Raymond James & Associates now owns 10,822 shares of the software maker's stock worth $3,448,000 after buying an additional 46 shares during the period. Institutional investors own 92.39% of the company's stock.

ANSYS Stock Down 2.5 %

NASDAQ:ANSS traded down $8.16 during trading hours on Thursday, reaching $320.41. The company had a trading volume of 486,205 shares, compared to its average volume of 523,707. 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 $28.00 billion, a price-to-earnings ratio of 56.61, a P/E/G ratio of 6.99 and a beta of 1.11. The business's 50-day simple moving average is $320.17 and its two-hundred day simple moving average 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 released its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, beating analysts' consensus estimates of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The firm had revenue of $594.14 million for the quarter, compared to analyst estimates of $550.30 million. During the same period last year, the firm earned $1.06 earnings per share. The business's quarterly revenue was up 19.6% compared to the same quarter last year. On average, equities analysts expect that ANSYS, Inc. will post 7.32 earnings per share for the current year.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the firm's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the transaction, the director now directly owns 3,630 shares of the company's stock, valued at $1,138,404.30. This trade 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 available at this link. Insiders own 0.46% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ANSS. StockNews.com upgraded shares of ANSYS from a "hold" rating to a "buy" rating in a research report on Tuesday. Rosenblatt Securities decreased their price objective on shares of ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a research report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $318.33.

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.