Summit Investment Advisors Inc. Boosts Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Summit Investment Advisors Inc. raised its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 3.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,634 shares of the software maker’s stock after purchasing an additional 119 shares during the quarter. Summit Investment Advisors Inc.’s holdings in ANSYS were worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Synovus Financial Corp lifted its holdings in shares of ANSYS by 1.6% in the 4th quarter. Synovus Financial Corp now owns 10,312 shares of the software maker’s stock valued at $3,479,000 after buying an additional 163 shares during the period. Townsquare Capital LLC raised its position in ANSYS by 1.3% in the fourth quarter. Townsquare Capital LLC now owns 4,657 shares of the software maker’s stock worth $1,571,000 after acquiring an additional 62 shares in the last quarter. Water Island Capital LLC raised its position in ANSYS by 3.3% in the fourth quarter. Water Island Capital LLC now owns 117,899 shares of the software maker’s stock worth $39,771,000 after acquiring an additional 3,811 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in ANSYS by 56.3% in the fourth quarter. Sterling Capital Management LLC now owns 5,201 shares of the software maker’s stock valued at $1,754,000 after acquiring an additional 1,874 shares during the period. Finally, Treasurer of the State of North Carolina boosted its position in shares of ANSYS by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 38,367 shares of the software maker’s stock worth $12,942,000 after purchasing an additional 240 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the transaction, the director now directly owns 3,230 shares of the company’s stock, valued at $969,032.30. The trade was a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.46% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ANSS shares. Rosenblatt Securities increased their price target on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a report on Friday, March 21st.

ANSYS Trading Down 0.8 %

Shares of ANSS stock opened at $301.59 on Thursday. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $363.03. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $320.67 and a 200-day simple moving average of $332.27. The stock has a market cap of $26.43 billion, a P/E ratio of 46.04, a P/E/G ratio of 3.48 and a beta of 1.20.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The business had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. On average, analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

ANSYS 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.