Summerhill Capital Management lnc. Has $1.93 Million Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Summerhill Capital Management lnc. decreased its stake in ANSYS, Inc. (NASDAQ:ANSS) by 4.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,014 shares of the software maker’s stock after selling 299 shares during the period. ANSYS makes up 1.4% of Summerhill Capital Management lnc.’s portfolio, making the stock its 20th largest holding. Summerhill Capital Management lnc.’s holdings in ANSYS were worth $1,934,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP lifted its holdings in shares of ANSYS by 1,461.2% during the second quarter. Quantbot Technologies LP now owns 17,641 shares of the software maker’s stock valued at $5,672,000 after acquiring an additional 16,511 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of ANSYS by 7.8% during the second quarter. Dimensional Fund Advisors LP now owns 211,230 shares of the software maker’s stock valued at $67,913,000 after acquiring an additional 15,194 shares during the period. Redwood Wealth Management Group LLC bought a new position in shares of ANSYS during the second quarter valued at $32,000. Rathbones Group PLC lifted its holdings in shares of ANSYS by 8.7% during the second quarter. Rathbones Group PLC now owns 225,305 shares of the software maker’s stock valued at $72,436,000 after acquiring an additional 18,085 shares during the period. Finally, Garrison Asset Management LLC lifted its holdings in shares of ANSYS by 0.5% during the second quarter. Garrison Asset Management LLC now owns 13,692 shares of the software maker’s stock valued at $4,402,000 after acquiring an additional 73 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Stock Performance

Shares of NASDAQ:ANSS opened at $318.51 on Monday. The stock has a market capitalization of $27.81 billion, a P/E ratio of 63.96, a P/E/G ratio of 6.80 and a beta of 1.12. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $316.75 and a two-hundred day moving average price of $325.63.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.58. The firm had revenue of $594.14 million during the quarter, compared to analysts’ expectations of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The company’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.06 EPS. Equities analysts predict that ANSYS, Inc. will post 7.32 earnings per share for the current year.

Analyst Ratings Changes

ANSS has been the subject of a number of analyst reports. KeyCorp assumed coverage on ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating for the company. Rosenblatt Securities cut their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Finally, StockNews.com assumed coverage on ANSYS in a report on Saturday. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, ANSYS currently has a consensus rating of “Hold” and an average target price of $318.33.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $330.81, for a total transaction of $52,598.79. Following the completion of the sale, the director now directly owns 3,782 shares of the company’s stock, valued at approximately $1,251,123.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.46% of the company’s stock.

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.