Mendel Money Management Trims Stake in ANSYS, Inc. (NASDAQ:ANSS)

Mendel Money Management reduced its stake in ANSYS, Inc. (NASDAQ:ANSS) by 4.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,213 shares of the software maker’s stock after selling 867 shares during the period. ANSYS accounts for approximately 4.0% of Mendel Money Management’s holdings, making the stock its 5th largest holding. Mendel Money Management’s holdings in ANSYS were worth $6,321,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. IFM Investors Pty Ltd raised its stake in ANSYS by 19.8% during the 2nd quarter. IFM Investors Pty Ltd now owns 11,009 shares of the software maker’s stock worth $3,821,000 after buying an additional 1,817 shares during the period. Nikko Asset Management Americas Inc. raised its stake in ANSYS by 145.2% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 92,758 shares of the software maker’s stock worth $27,842,000 after buying an additional 54,928 shares during the period. Alps Advisors Inc. raised its stake in ANSYS by 28.8% during the 1st quarter. Alps Advisors Inc. now owns 7,442 shares of the software maker’s stock worth $2,527,000 after buying an additional 1,665 shares during the period. DekaBank Deutsche Girozentrale raised its stake in ANSYS by 47.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 234,189 shares of the software maker’s stock worth $82,602,000 after buying an additional 75,361 shares during the period. Finally, Geode Capital Management LLC raised its stake in ANSYS by 2.7% during the 1st quarter. Geode Capital Management LLC now owns 1,495,471 shares of the software maker’s stock worth $506,457,000 after buying an additional 39,511 shares during the period. Institutional investors and hedge funds own 88.51% of the company’s stock.

ANSYS stock traded down $8.62 during midday trading on Friday, reaching $365.88. 2,852 shares of the company’s stock were exchanged, compared to its average volume of 417,824. ANSYS, Inc. has a 52 week low of $292.79 and a 52 week high of $413.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.72 and a current ratio of 2.72. The firm has a market cap of $31.92 billion, a price-to-earnings ratio of 71.88, a P/E/G ratio of 5.52 and a beta of 1.23. The stock’s 50-day simple moving average is $363.75 and its 200 day simple moving average is $349.10.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Tuesday, August 3rd. The software maker reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.29. ANSYS had a return on equity of 12.45% and a net margin of 25.40%. The business had revenue of $452.55 million during the quarter, compared to analysts’ expectations of $433.34 million. During the same quarter last year, the company posted $1.55 earnings per share. ANSYS’s quarterly revenue was up 16.1% on a year-over-year basis. Research analysts forecast that ANSYS, Inc. will post 5.48 earnings per share for the current year.

In other news, CEO Ajei Gopal sold 63,726 shares of the business’s stock in a transaction that occurred on Tuesday, August 10th. The stock was sold at an average price of $364.07, for a total transaction of $23,200,724.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Glenda Dorchak sold 300 shares of ANSYS stock in a transaction that occurred on Tuesday, August 31st. The shares were sold at an average price of $364.98, for a total transaction of $109,494.00. The disclosure for this sale can be found here. Insiders have sold 64,651 shares of company stock valued at $23,530,119 in the last quarter. 0.63% of the stock is currently owned by corporate insiders.

Several analysts recently commented on the company. Rosenblatt Securities raised their price objective on ANSYS from $340.00 to $370.00 and gave the stock a “neutral” rating in a research note on Friday, August 6th. Benchmark raised their price objective on ANSYS from $370.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, August 6th. They noted that the move was a valuation call. Stifel Nicolaus began coverage on ANSYS in a research note on Tuesday, May 25th. They issued a “hold” rating and a $365.00 price target on the stock. Royal Bank of Canada lifted their price target on ANSYS from $360.00 to $380.00 and gave the company a “sector perform” rating in a research note on Friday, August 6th. Finally, Credit Suisse Group lifted their price target on ANSYS from $389.00 to $398.00 and gave the company an “outperform” rating in a research note on Friday, August 6th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $349.75.

ANSYS Profile

ANSYS, Inc engages in the development and marketing of engineering simulation software and services. It operates through the following geographical segments: United States; Japan; Germany; South Korea; France; China; Other EMEA; and Other International. The firm’s solutions include automotive; aerospace and defense; construction; energy; materials and chemical processing; autonomous engineering; and electrification.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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