Executive Wealth Management LLC Increases Stake in ANSYS, Inc. (NASDAQ:ANSS)

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Executive Wealth Management LLC increased its position in ANSYS, Inc. (NASDAQ:ANSS) by 12.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,193 shares of the software maker’s stock after acquiring an additional 901 shares during the quarter. Executive Wealth Management LLC’s holdings in ANSYS were worth $1,678,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new stake in ANSYS in the 1st quarter worth about $28,000. Flagship Harbor Advisors LLC grew its holdings in ANSYS by 198.4% during the 1st quarter. Flagship Harbor Advisors LLC now owns 182 shares of the software maker’s stock valued at $33,000 after buying an additional 121 shares in the last quarter. Ibex Wealth Advisors purchased a new position in ANSYS during the 2nd quarter valued at about $39,000. Glassman Wealth Services grew its holdings in ANSYS by 128.9% during the 1st quarter. Glassman Wealth Services now owns 206 shares of the software maker’s stock valued at $38,000 after buying an additional 116 shares in the last quarter. Finally, Gemmer Asset Management LLC grew its holdings in ANSYS by 92.6% during the 1st quarter. Gemmer Asset Management LLC now owns 337 shares of the software maker’s stock valued at $62,000 after buying an additional 162 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

A number of research analysts have weighed in on the company. Zacks Investment Research lowered ANSYS from a “strong-buy” rating to a “hold” rating and set a $240.00 target price for the company. in a report on Monday. Wedbush lifted their target price on ANSYS from $221.00 to $228.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. They noted that the move was a valuation call. JPMorgan Chase & Co. lifted their target price on ANSYS from $160.00 to $190.00 and gave the company an “underweight” rating in a report on Tuesday, August 6th. BidaskClub lowered ANSYS from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, Citigroup assumed coverage on ANSYS in a report on Monday, July 22nd. They set a “buy” rating and a $250.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $204.22.

In related news, Director William R. Mcdermott sold 1,765 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $181.53, for a total value of $320,400.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alec D. Gallimore sold 638 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $185.78, for a total value of $118,527.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,500 shares of company stock valued at $459,344. Corporate insiders own 1.11% of the company’s stock.

ANSS stock opened at $213.42 on Wednesday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.03. The stock has a market cap of $17.95 billion, a price-to-earnings ratio of 40.96 and a beta of 1.42. ANSYS, Inc. has a twelve month low of $136.80 and a twelve month high of $215.39. The firm’s 50-day moving average is $207.24.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Monday, August 5th. The software maker reported $1.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.25. The business had revenue of $370.51 million during the quarter, compared to analyst estimates of $338.31 million. ANSYS had a return on equity of 17.17% and a net margin of 31.53%. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.35 EPS. As a group, sell-side analysts expect that ANSYS, Inc. will post 5.2 EPS for the current fiscal year.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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