CQS Cayman LP Takes Position in ANSYS, Inc. (NASDAQ:ANSS)

CQS Cayman LP acquired a new stake in ANSYS, Inc. (NASDAQ:ANSS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,651 shares of the software maker’s stock, valued at approximately $3,615,000.

Other institutional investors have also recently made changes to their positions in the company. Motco acquired a new stake in shares of ANSYS in the second quarter valued at $38,000. Ibex Wealth Advisors acquired a new stake in shares of ANSYS in the second quarter valued at $39,000. Glassman Wealth Services lifted its holdings in shares of ANSYS by 128.9% in the first quarter. Glassman Wealth Services now owns 206 shares of the software maker’s stock valued at $38,000 after buying an additional 116 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of ANSYS in the second quarter valued at $70,000. Finally, Icon Wealth Partners LLC acquired a new stake in shares of ANSYS in the first quarter valued at $70,000. Institutional investors and hedge funds own 93.64% of the company’s stock.

Several analysts have recently weighed in on the company. Citigroup assumed coverage on ANSYS in a report on Monday, July 22nd. They issued a “buy” rating and a $250.00 price objective for the company. BidaskClub raised ANSYS from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Benchmark boosted their target price on ANSYS from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday. Evercore ISI reaffirmed a “hold” rating and set a $160.00 target price on shares of ANSYS in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised ANSYS from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $190.00 to $228.00 in a research report on Wednesday. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. ANSYS currently has a consensus rating of “Buy” and an average target price of $216.20.

Shares of ANSYS stock traded up $1.05 on Friday, reaching $212.13. 441,268 shares of the company were exchanged, compared to its average volume of 504,072. The stock has a fifty day moving average price of $208.88 and a 200-day moving average price of $195.48. The firm has a market capitalization of $18.05 billion, a price-to-earnings ratio of 40.72 and a beta of 1.41. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.03. ANSYS, Inc. has a fifty-two week low of $136.80 and a fifty-two week high of $219.86.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Monday, August 5th. The software maker reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.25. The company had revenue of $370.51 million for the quarter, compared to analyst estimates of $338.31 million. ANSYS had a return on equity of 17.17% and a net margin of 31.53%. ANSYS’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.35 earnings per share. On average, equities analysts anticipate that ANSYS, Inc. will post 5.2 earnings per share for the current fiscal year.

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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