Jacobson & Schmitt Advisors LLC Raises Position in ANSYS, Inc. (NASDAQ:ANSS)

Jacobson & Schmitt Advisors LLC raised its stake in ANSYS, Inc. (NASDAQ:ANSS) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,267 shares of the software maker’s stock after purchasing an additional 1,758 shares during the quarter. ANSYS accounts for about 2.6% of Jacobson & Schmitt Advisors LLC’s portfolio, making the stock its 13th biggest position. Jacobson & Schmitt Advisors LLC’s holdings in ANSYS were worth $13,583,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameliora Wealth Management Ltd. purchased a new stake in shares of ANSYS in the fourth quarter worth approximately $27,000. Intact Investment Management Inc. purchased a new stake in shares of ANSYS in the third quarter worth approximately $70,000. Allworth Financial LP grew its holdings in shares of ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock valued at $92,000 after acquiring an additional 65 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of ANSYS in the third quarter valued at approximately $119,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of ANSYS in the third quarter valued at approximately $174,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the transaction, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is owned by corporate insiders.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $336.74 on Thursday. The stock has a fifty day simple moving average of $342.98 and a two-hundred day simple moving average of $332.39. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The firm has a market cap of $29.45 billion, a price-to-earnings ratio of 51.97, a price-to-earnings-growth ratio of 3.53 and a beta of 1.12. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share 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%. Analysts anticipate that ANSYS, Inc. will post 7.66 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ANSS shares. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Robert W. Baird upped their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One equities research 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $346.67.

About ANSYS

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.