Summerhill Capital Management lnc. Acquires 36 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Summerhill Capital Management lnc. boosted its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,139 shares of the software maker’s stock after acquiring an additional 36 shares during the period. ANSYS accounts for 1.5% of Summerhill Capital Management lnc.’s investment portfolio, making the stock its 17th biggest holding. Summerhill Capital Management lnc.’s holdings in ANSYS were worth $2,071,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. acquired a new position in ANSYS during the 4th quarter worth $27,000. Intact Investment Management Inc. acquired a new position in shares of ANSYS during the third quarter valued at about $70,000. Allworth Financial LP raised its position in shares of ANSYS by 33.7% during the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock valued at $92,000 after buying an additional 65 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of ANSYS during the third quarter valued at about $119,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of ANSYS during the third quarter valued at about $174,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Stock Performance

NASDAQ:ANSS opened at $340.46 on Friday. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $363.03. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $29.77 billion, a PE ratio of 52.54, a price-to-earnings-growth ratio of 3.53 and a beta of 1.12. The firm has a 50-day moving average price of $342.83 and a 200 day moving average price of $332.42.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). The business had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. ANSYS had a return on equity of 12.64% and a net margin of 23.01%. Research analysts anticipate that ANSYS, Inc. will post 7.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Robert W. Baird upped their price objective on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $346.67.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, the director now directly owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.46% of the company’s stock.

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.