ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by Summerhill Capital Management lnc.

Summerhill Capital Management lnc. grew its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,139 shares of the software maker’s stock after purchasing an additional 36 shares during the quarter. ANSYS accounts for 1.5% of Summerhill Capital Management lnc.’s portfolio, making the stock its 17th largest position. Summerhill Capital Management lnc.’s holdings in ANSYS were worth $2,071,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. boosted its stake in shares of ANSYS by 7.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock worth $9,033,000 after acquiring an additional 1,914 shares in the last quarter. Caldwell Investment Management Ltd. acquired a new stake in ANSYS during the 3rd quarter worth about $1,560,000. Sumitomo Mitsui Trust Group Inc. boosted its position in ANSYS by 3.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock worth $165,299,000 after acquiring an additional 16,462 shares during the period. KBC Group NV increased its holdings in shares of ANSYS by 20.9% in the 3rd quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock valued at $35,345,000 after purchasing an additional 19,149 shares during the period. Finally, CIBC Asset Management Inc lifted its position in shares of ANSYS by 5.9% in the third quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock worth $8,640,000 after purchasing an additional 1,518 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ANSS has been the topic of a number of research analyst reports. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Robert W. Baird boosted their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, ANSYS currently has an average rating of “Hold” and an average price target of $346.67.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, the director now directly owns 3,430 shares in the company, 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 document filed with the SEC, which is accessible through this link. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Trading Up 1.1 %

ANSYS stock opened at $340.46 on Friday. The company’s fifty day simple moving average is $342.83 and its 200-day simple moving average is $332.42. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The stock has a market cap of $29.77 billion, a P/E ratio of 52.54, a P/E/G ratio of 3.53 and a beta of 1.12.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a net margin of 23.01% and a return on equity of 12.64%. The company had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. As a group, sell-side analysts forecast that ANSYS, Inc. will post 7.66 EPS 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.