ProShare Advisors LLC Buys 15,263 Shares of ANSYS, Inc. (NASDAQ:ANSS)

ProShare Advisors LLC lifted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 17.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 101,965 shares of the software maker’s stock after purchasing an additional 15,263 shares during the period. ProShare Advisors LLC owned 0.12% of ANSYS worth $35,398,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Avantax Advisory Services Inc. grew its holdings in shares of ANSYS by 14.5% during the first quarter. Avantax Advisory Services Inc. now owns 931 shares of the software maker’s stock worth $323,000 after purchasing an additional 118 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of ANSYS by 33.7% during the first quarter. Russell Investments Group Ltd. now owns 135,821 shares of the software maker’s stock worth $47,157,000 after purchasing an additional 34,244 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of ANSYS by 8.9% during the first quarter. QRG Capital Management Inc. now owns 3,579 shares of the software maker’s stock worth $1,243,000 after purchasing an additional 294 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of ANSYS during the first quarter worth $3,480,000. Finally, Inspire Investing LLC grew its holdings in shares of ANSYS by 27.9% during the first quarter. Inspire Investing LLC now owns 10,255 shares of the software maker’s stock worth $3,560,000 after purchasing an additional 2,237 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ANSS shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 price target on shares of ANSYS in a research note on Friday, May 3rd. KeyCorp started coverage on ANSYS in a research note on Thursday, June 27th. They set a “sector weight” rating on the stock. Finally, StockNews.com started coverage on ANSYS in a research note on Friday, July 12th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, ANSYS has an average rating of “Hold” and a consensus price target of $320.00.

ANSYS Trading Down 3.1 %

NASDAQ:ANSS traded down $10.14 during mid-day trading on Wednesday, hitting $320.23. The company had a trading volume of 469,964 shares, compared to its average volume of 602,468. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The business’s fifty day moving average is $325.66 and its two-hundred day moving average is $332.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.80 and a current ratio of 2.80. The firm has a market cap of $27.96 billion, a P/E ratio of 65.14, a P/E/G ratio of 7.29 and a beta of 1.11.

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

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 159 shares of the 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 transaction, the director now directly owns 3,782 shares in the company, valued at $1,251,123.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

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.