ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by US Bancorp DE

US Bancorp DE cut its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 19.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,645 shares of the software maker’s stock after selling 6,288 shares during the quarter. US Bancorp DE’s holdings in ANSYS were worth $9,250,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ANSS. B. Riley Wealth Advisors Inc. boosted its position in ANSYS by 64.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 1,085 shares of the software maker’s stock worth $323,000 after acquiring an additional 427 shares during the last quarter. Gateway Investment Advisers LLC raised its stake in ANSYS by 30.7% during the fourth quarter. Gateway Investment Advisers LLC now owns 2,371 shares of the software maker’s stock worth $860,000 after purchasing an additional 557 shares during the period. 17 Capital Partners LLC purchased a new position in ANSYS during the fourth quarter worth about $1,879,000. Cyndeo Wealth Partners LLC purchased a new position in ANSYS during the fourth quarter worth about $221,000. Finally, Empirical Asset Management LLC purchased a new position in ANSYS during the fourth quarter worth about $864,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Stock Up 0.9 %

Shares of ANSS stock traded up $2.91 during trading on Tuesday, reaching $330.37. The company’s stock had a trading volume of 335,190 shares, compared to its average volume of 604,341. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.80. The company has a market capitalization of $28.84 billion, a price-to-earnings ratio of 65.76, a P/E/G ratio of 7.33 and a beta of 1.11. The stock’s 50-day moving average price is $325.56 and its 200 day moving average price is $333.10. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). The business had revenue of $466.60 million during the quarter, compared to analyst estimates of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 EPS. On average, research analysts anticipate that ANSYS, Inc. will post 7.05 EPS for the current year.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $330.81, for a total transaction of $52,598.79. Following the completion of the transaction, the director now owns 3,782 shares in the company, valued at approximately $1,251,123.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ANSS shares. KeyCorp started coverage on shares of ANSYS in a research note on Thursday, June 27th. They set a “sector weight” rating on the stock. Rosenblatt Securities reissued a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a research note on Friday, May 3rd. Finally, StockNews.com started coverage on shares of ANSYS in a research note on Friday. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $320.00.

ANSYS Company 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.