Eads & Heald Wealth Management Raises Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Eads & Heald Wealth Management boosted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,533 shares of the software maker’s stock after purchasing an additional 40 shares during the quarter. Eads & Heald Wealth Management’s holdings in ANSYS were worth $807,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Jacobson & Schmitt Advisors LLC boosted its position in ANSYS by 7.1% during the third quarter. Jacobson & Schmitt Advisors LLC now owns 38,509 shares of the software maker’s stock worth $12,270,000 after purchasing an additional 2,541 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of ANSYS by 3.3% during the third quarter. Stephens Inc. AR now owns 1,579 shares of the software maker’s stock valued at $503,000 after acquiring an additional 51 shares during the last quarter. Stephens Investment Management Group LLC raised its holdings in shares of ANSYS by 1.4% during the third quarter. Stephens Investment Management Group LLC now owns 87,860 shares of the software maker’s stock valued at $27,995,000 after acquiring an additional 1,243 shares during the last quarter. US Bancorp DE raised its holdings in shares of ANSYS by 2.3% during the third quarter. US Bancorp DE now owns 26,911 shares of the software maker’s stock valued at $8,575,000 after acquiring an additional 617 shares during the last quarter. Finally, First Trust Direct Indexing L.P. raised its holdings in shares of ANSYS by 8.0% during the third quarter. First Trust Direct Indexing L.P. now owns 3,342 shares of the software maker’s stock valued at $1,065,000 after acquiring an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

NASDAQ:ANSS opened at $323.75 on Friday. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. The stock has a market cap of $28.29 billion, a PE ratio of 57.20, a P/E/G ratio of 7.04 and a beta of 1.11. The stock has a 50 day moving average price of $320.18 and a 200 day moving average price of $321.54.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 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 during the quarter, compared to analysts’ expectations of $550.30 million. During the same quarter last year, the firm earned $1.06 earnings per share. The business’s revenue for the quarter was up 19.6% on a year-over-year basis. Equities research analysts expect that ANSYS, Inc. will post 7.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on ANSS. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a report on Tuesday. Rosenblatt Securities reduced their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Two 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $318.33.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Insiders own 0.46% of the company’s stock.

ANSYS Company 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.