D Orazio & Associates Inc. Grows Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

D Orazio & Associates Inc. lifted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,442 shares of the software maker’s stock after purchasing an additional 65 shares during the quarter. D Orazio & Associates Inc.’s holdings in ANSYS were worth $1,889,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. CVA Family Office LLC purchased a new position in ANSYS in the fourth quarter worth $28,000. Quest Partners LLC purchased a new position in ANSYS in the fourth quarter worth $29,000. DSM Capital Partners LLC purchased a new position in ANSYS in the fourth quarter worth $34,000. Core Wealth Advisors Inc. purchased a new position in ANSYS in the fourth quarter worth $40,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of ANSYS in the fourth quarter valued at $47,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of ANSS traded down $4.56 during trading hours on Thursday, reaching $315.67. 442,102 shares of the company traded hands, compared to its average volume of 602,746. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $27.56 billion, a PE ratio of 64.30, a price-to-earnings-growth ratio of 7.36 and a beta of 1.11. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The stock has a fifty day simple moving average of $325.53 and a 200 day simple moving average of $332.78.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). The company had revenue of $466.60 million for 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 firm’s revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.45 EPS. As a group, research analysts predict that ANSYS, Inc. will post 7.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $330.81, for a total value of $52,598.79. Following 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 filing with the SEC, which can be accessed through this link. 0.46% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ANSS. Rosenblatt Securities restated a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a research report on Friday, May 3rd. KeyCorp began coverage on ANSYS in a research report on Thursday, June 27th. They issued a “sector weight” rating for the company. Finally, StockNews.com began coverage on ANSYS in a research report on Friday, July 12th. 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 has a consensus rating of “Hold” and a consensus target price of $320.00.

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.