Moody National Bank Trust Division Buys New Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Moody National Bank Trust Division bought a new stake in ANSYS, Inc. (NASDAQ:ANSSGet Rating) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 928 shares of the software maker’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its holdings in ANSYS by 1.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 105,927 shares of the software maker’s stock worth $33,648,000 after purchasing an additional 1,127 shares in the last quarter. Prospera Financial Services Inc bought a new stake in ANSYS during the 1st quarter worth approximately $117,000. State of Michigan Retirement System increased its holdings in ANSYS by 0.3% during the 1st quarter. State of Michigan Retirement System now owns 22,011 shares of the software maker’s stock worth $6,992,000 after purchasing an additional 57 shares in the last quarter. Schroder Investment Management Group increased its holdings in ANSYS by 4.4% during the 4th quarter. Schroder Investment Management Group now owns 5,236 shares of the software maker’s stock worth $2,100,000 after purchasing an additional 223 shares in the last quarter. Finally, Boston Financial Mangement LLC bought a new stake in ANSYS during the 1st quarter worth approximately $294,000. 90.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Mizuho decreased their price objective on ANSYS from $285.00 to $265.00 and set a “neutral” rating for the company in a report on Tuesday, July 19th. Citigroup upped their target price on ANSYS to $311.00 in a report on Tuesday, August 9th. JPMorgan Chase & Co. started coverage on ANSYS in a report on Friday, September 16th. They issued an “overweight” rating and a $275.00 target price for the company. Credit Suisse Group upped their target price on ANSYS to $329.00 in a report on Tuesday, August 9th. Finally, Barclays upped their price objective on ANSYS from $245.00 to $250.00 and gave the company an “underweight” rating in a research note on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $277.33.

ANSYS Trading Down 0.9 %

ANSYS stock opened at $239.35 on Wednesday. The stock has a market cap of $20.84 billion, a P/E ratio of 45.94, a PEG ratio of 4.99 and a beta of 1.31. ANSYS, Inc. has a fifty-two week low of $225.92 and a fifty-two week high of $413.89. The firm’s fifty day moving average price is $260.96 and its 200-day moving average price is $268.67. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.12 and a current ratio of 2.12.

ANSYS (NASDAQ:ANSSGet Rating) last released its quarterly earnings results on Wednesday, August 3rd. The software maker reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.16. ANSYS had a net margin of 22.96% and a return on equity of 11.98%. During the same period in the previous year, the company earned $1.38 EPS. Equities research analysts forecast that ANSYS, Inc. will post 6.14 earnings per share for the current fiscal year.

About ANSYS

(Get Rating)

ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.

Further Reading

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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