SG Americas Securities LLC Acquires 22,071 Shares of ANSYS, Inc. (NASDAQ:ANSS)

SG Americas Securities LLC raised its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 377.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,911 shares of the software maker’s stock after purchasing an additional 22,071 shares during the quarter. SG Americas Securities LLC’s holdings in ANSYS were worth $9,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in ANSYS during the fourth quarter valued at about $169,860,000. Select Equity Group L.P. raised its holdings in ANSYS by 63.6% during the 1st quarter. Select Equity Group L.P. now owns 1,265,997 shares of the software maker’s stock valued at $421,324,000 after buying an additional 491,935 shares during the last quarter. BlackRock Inc. raised its stake in shares of ANSYS by 4.9% during the first quarter. BlackRock Inc. now owns 9,226,734 shares of the software maker’s stock valued at $3,070,657,000 after acquiring an additional 430,927 shares during the last quarter. Perpetual Ltd purchased a new stake in shares of ANSYS during the first quarter worth about $131,454,000. Finally, Balyasny Asset Management L.P. grew its stake in shares of ANSYS by 2,138.8% in the first quarter. Balyasny Asset Management L.P. now owns 310,640 shares of the software maker’s stock worth $103,381,000 after purchasing an additional 296,765 shares during the last quarter. Hedge funds and other institutional investors own 90.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and set a $320.00 price objective on shares of ANSYS in a research report on Friday, August 4th. TheStreet cut shares of ANSYS from a “b-” rating to a “c+” rating in a report on Tuesday, August 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $310.00 target price on shares of ANSYS in a research note on Friday, August 4th. Barclays boosted their price objective on shares of ANSYS from $292.00 to $303.00 and gave the company an “underweight” rating in a report on Friday, July 14th. Finally, Mizuho boosted their target price on shares of ANSYS from $280.00 to $310.00 in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $317.45.

Insider Activity at ANSYS

In other news, CEO Ajei Gopal sold 13,262 shares of ANSYS stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $350.04, for a total value of $4,642,230.48. Following the sale, the chief executive officer now directly owns 213,977 shares of the company’s stock, valued at $74,900,509.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $298.99, for a total transaction of $59,798.00. Following the sale, the director now owns 3,621 shares in the company, valued at approximately $1,082,642.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ajei Gopal sold 13,262 shares of the stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $350.04, for a total transaction of $4,642,230.48. Following the completion of the sale, the chief executive officer now directly owns 213,977 shares in the company, valued at approximately $74,900,509.08. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $310.72 on Friday. The firm’s 50 day simple moving average is $319.17 and its two-hundred day simple moving average is $316.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market capitalization of $26.97 billion, a P/E ratio of 51.79, a P/E/G ratio of 5.83 and a beta of 1.24. ANSYS, Inc. has a 1-year low of $194.23 and a 1-year high of $351.23.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Thursday, August 3rd. The software maker reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.11. The company had revenue of $496.60 million during the quarter, compared to the consensus estimate of $490.05 million. ANSYS had a net margin of 24.12% and a return on equity of 11.83%. ANSYS’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 EPS. Research analysts expect that ANSYS, Inc. will post 6.61 EPS for the current fiscal year.

ANSYS Company Profile

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 and the cloud; 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.