Kornitzer Capital Management Inc. KS Purchases 50 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Kornitzer Capital Management Inc. KS raised its position in ANSYS, Inc. (NASDAQ:ANSS) by 0.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,660 shares of the software maker’s stock after buying an additional 50 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in ANSYS were worth $6,964,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Treasurer of the State of North Carolina lifted its holdings in ANSYS by 11.1% during the fourth quarter. Treasurer of the State of North Carolina now owns 50,703 shares of the software maker’s stock valued at $18,399,000 after purchasing an additional 5,055 shares during the last quarter. Evoke Wealth LLC purchased a new position in ANSYS in the 4th quarter valued at approximately $3,032,000. Sei Investments Co. lifted its position in shares of ANSYS by 18.6% during the fourth quarter. Sei Investments Co. now owns 423,106 shares of the software maker’s stock worth $153,537,000 after acquiring an additional 66,338 shares in the last quarter. Thematics Asset Management boosted its holdings in shares of ANSYS by 25.0% in the fourth quarter. Thematics Asset Management now owns 90,898 shares of the software maker’s stock worth $32,985,000 after acquiring an additional 18,173 shares during the period. Finally, Icon Wealth Advisors LLC bought a new stake in shares of ANSYS during the 4th quarter valued at $982,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the 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 completion of the sale, the director now owns 3,782 shares of the company’s stock, valued at approximately $1,251,123.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ANSS shares. KeyCorp initiated coverage on ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating for the company. Rosenblatt Securities cut their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Finally, StockNews.com began coverage on shares of ANSYS in a research report on Friday. They set a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, ANSYS currently has a consensus rating of “Hold” and a consensus target price of $318.33.

ANSYS Stock Up 0.3 %

Shares of NASDAQ:ANSS opened at $309.75 on Friday. The firm has a fifty day moving average of $318.27 and a 200 day moving average of $326.66. 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 firm has a market capitalization of $27.04 billion, a PE ratio of 62.20, a price-to-earnings-growth ratio of 6.89 and a beta of 1.12.

ANSYS (NASDAQ:ANSS) last issued 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 net margin of 21.30% and a return on equity of 11.51%. The business had revenue of $594.14 million for the quarter, compared to analysts’ expectations of $550.30 million. During the same period last year, the business earned $1.06 earnings per share. The business’s quarterly revenue was up 19.6% on a year-over-year basis. As a group, research analysts anticipate that ANSYS, Inc. will post 7.32 EPS for the current fiscal year.

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.