ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by WCM Investment Management LLC

WCM Investment Management LLC boosted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 15.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 568,831 shares of the software maker’s stock after purchasing an additional 74,929 shares during the period. ANSYS makes up about 0.7% of WCM Investment Management LLC’s investment portfolio, making the stock its 28th biggest holding. WCM Investment Management LLC owned approximately 0.68% of ANSYS worth $116,508,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. acquired a new stake in shares of ANSYS during the first quarter valued at about $28,000. Ibex Wealth Advisors acquired a new stake in shares of ANSYS during the second quarter valued at about $39,000. Glassman Wealth Services grew its stake in shares of ANSYS by 128.9% during the first quarter. Glassman Wealth Services now owns 206 shares of the software maker’s stock valued at $38,000 after acquiring an additional 116 shares in the last quarter. Hall Laurie J Trustee grew its stake in shares of ANSYS by 180.8% during the first quarter. Hall Laurie J Trustee now owns 365 shares of the software maker’s stock valued at $67,000 after acquiring an additional 235 shares in the last quarter. Finally, Icon Wealth Partners LLC acquired a new stake in shares of ANSYS during the first quarter valued at about $70,000. Hedge funds and other institutional investors own 93.53% of the company’s stock.

Shares of ANSS stock traded down $0.57 during trading hours on Thursday, hitting $217.47. 9,615 shares of the company were exchanged, compared to its average volume of 502,208. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.24 and a current ratio of 2.24. ANSYS, Inc. has a one year low of $136.80 and a one year high of $218.17. The business’s 50-day simple moving average is $208.31 and its two-hundred day simple moving average is $191.21. The stock has a market capitalization of $18.42 billion, a price-to-earnings ratio of 41.45 and a beta of 1.42.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Monday, August 5th. The software maker reported $1.34 EPS for the quarter, topping the consensus estimate of $1.09 by $0.25. ANSYS had a net margin of 31.53% and a return on equity of 17.17%. The business had revenue of $370.51 million for the quarter, compared to analysts’ expectations of $338.31 million. During the same quarter last year, the company posted $1.35 earnings per share. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. As a group, analysts anticipate that ANSYS, Inc. will post 5.2 EPS for the current fiscal year.

In other news, Director William R. Mcdermott sold 1,765 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $181.53, for a total transaction of $320,400.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.11% of the company’s stock.

Several analysts have recently weighed in on ANSS shares. Wedbush raised their target price on ANSYS from $221.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. They noted that the move was a valuation call. Citigroup started coverage on ANSYS in a research note on Monday, July 22nd. They set a “buy” rating and a $250.00 target price for the company. JPMorgan Chase & Co. raised their target price on ANSYS from $160.00 to $190.00 and gave the company an “underweight” rating in a research note on Tuesday, August 6th. Evercore ISI reaffirmed a “hold” rating and set a $160.00 price target on shares of ANSYS in a research report on Tuesday, August 6th. Finally, BidaskClub raised shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $204.22.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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