Lake Street Advisors Group LLC Increases Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Lake Street Advisors Group LLC grew its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 7.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 849 shares of the software maker’s stock after purchasing an additional 56 shares during the quarter. Lake Street Advisors Group LLC’s holdings in ANSYS were worth $273,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Wedmont Private Capital increased its stake in ANSYS by 1.3% during the 1st quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock worth $779,000 after buying an additional 30 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of ANSYS by 3.7% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock worth $311,000 after acquiring an additional 32 shares during the last quarter. Ieq Capital LLC lifted its stake in shares of ANSYS by 1.2% in the fourth quarter. Ieq Capital LLC now owns 2,853 shares of the software maker’s stock worth $1,035,000 after acquiring an additional 34 shares in the last quarter. Personal CFO Solutions LLC boosted its holdings in ANSYS by 2.6% in the fourth quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock valued at $493,000 after purchasing an additional 34 shares during the last quarter. Finally, FineMark National Bank & Trust grew its stake in ANSYS by 4.9% during the 4th quarter. FineMark National Bank & Trust now owns 769 shares of the software maker’s stock valued at $279,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 159 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $330.81, for a total transaction of $52,598.79. Following the completion of the transaction, the director now owns 3,782 shares in the company, valued at approximately $1,251,123.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

ANSS has been the topic of a number of recent analyst reports. Rosenblatt Securities cut their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. KeyCorp started coverage on shares of ANSYS in a report on Thursday, June 27th. They issued a “sector weight” rating on the stock. Finally, StockNews.com began coverage on shares of ANSYS in a research note on Friday. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $318.33.

ANSYS Stock Up 1.5 %

ANSS stock opened at $309.70 on Tuesday. The firm has a market cap of $27.04 billion, a price-to-earnings ratio of 62.19, a PEG ratio of 6.54 and a beta of 1.12. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The firm has a fifty day moving average price of $317.71 and a two-hundred day moving average price of $326.21. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95.

ANSYS (NASDAQ:ANSS) last announced 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 business had revenue of $594.14 million during the quarter, compared to the consensus estimate of $550.30 million. During the same quarter in the prior year, the firm earned $1.06 EPS. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. Research analysts predict that ANSYS, Inc. will post 7.32 EPS for the current year.

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.