Bardin Hill Management Partners LP Takes $3.52 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

Bardin Hill Management Partners LP purchased a new stake in ANSYS, Inc. (NASDAQ:ANSS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,960 shares of the software maker’s stock, valued at approximately $3,524,000. ANSYS accounts for approximately 1.4% of Bardin Hill Management Partners LP’s investment portfolio, making the stock its 13th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wedmont Private Capital increased its holdings in shares of ANSYS by 1.3% during the first quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock worth $779,000 after purchasing an additional 30 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in ANSYS by 3.7% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock valued at $311,000 after acquiring an additional 32 shares in the last quarter. Personal CFO Solutions LLC lifted its position in shares of ANSYS by 2.6% during the 4th quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock valued at $493,000 after acquiring an additional 34 shares during the period. Wasatch Advisors LP grew its holdings in shares of ANSYS by 1.8% during the 1st quarter. Wasatch Advisors LP now owns 2,082 shares of the software maker’s stock worth $723,000 after purchasing an additional 36 shares in the last quarter. Finally, Fulton Bank N.A. increased its position in shares of ANSYS by 3.8% in the first quarter. Fulton Bank N.A. now owns 1,091 shares of the software maker’s stock worth $379,000 after purchasing an additional 40 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Stock Down 1.8 %

Shares of ANSS opened at $313.05 on Wednesday. The stock has a market capitalization of $27.33 billion, a price-to-earnings ratio of 62.86, a PEG ratio of 6.89 and a beta of 1.12. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week 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 fifty day moving average of $315.71 and a 200-day moving average of $324.41.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $550.30 million. During the same period last year, the firm posted $1.06 earnings per share. The business’s revenue for the quarter was up 19.6% on a year-over-year basis. As a group, sell-side analysts anticipate that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on ANSS. KeyCorp started coverage on shares of ANSYS in a report on Thursday, June 27th. They issued a “sector weight” rating on the stock. Rosenblatt Securities decreased their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Finally, StockNews.com began coverage on ANSYS in a report on Sunday, September 22nd. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $318.33.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 159 shares of ANSYS stock in a transaction on Monday, July 8th. The shares were sold at an average price of $330.81, for a total transaction of $52,598.79. Following the transaction, the director now owns 3,782 shares in the company, valued at $1,251,123.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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.