ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by Jacobson & Schmitt Advisors LLC

Jacobson & Schmitt Advisors LLC increased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 7.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,509 shares of the software maker's stock after acquiring an additional 2,541 shares during the period. ANSYS comprises 2.5% of Jacobson & Schmitt Advisors LLC's holdings, making the stock its 17th largest position. Jacobson & Schmitt Advisors LLC's holdings in ANSYS were worth $12,270,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. DT Investment Partners LLC grew its position in shares of ANSYS by 888.9% during the 2nd 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 position in shares of ANSYS during the 2nd quarter worth about $32,000. Rothschild Investment LLC purchased a new position in ANSYS in the 2nd quarter valued at about $38,000. Bangor Savings Bank boosted its stake in shares of ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock worth $44,000 after acquiring an additional 34 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its holdings in ANSYS by 2,833.3% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker's stock valued at $56,000 after purchasing an additional 170 shares in the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Trading Up 1.0 %

NASDAQ ANSS traded up $3.34 during trading hours on Friday, reaching $323.75. The company had a trading volume of 558,432 shares, compared to its average volume of 523,872. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The stock has a market capitalization of $28.29 billion, a P/E ratio of 57.20, a price-to-earnings-growth ratio of 7.04 and a beta of 1.11. The stock has a 50-day moving average of $320.18 and a 200 day moving average of $321.54. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13.

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

Analyst Ratings Changes

Several research firms have recently weighed in on ANSS. StockNews.com raised shares of ANSYS from a "hold" rating to a "buy" rating in a research note on Tuesday. Rosenblatt Securities reduced their price target on ANSYS from $345.00 to $335.00 and set a "neutral" rating on the stock in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, ANSYS has a consensus rating of "Hold" and an average target price of $318.33.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the sale, the director now directly owns 3,630 shares in the company, valued at $1,138,404.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.46% of the company's stock.

About ANSYS

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.