Eagle Bay Advisors LLC Has $94,000 Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Eagle Bay Advisors LLC decreased its stake in ANSYS, Inc. (NASDAQ:ANSS) by 54.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 272 shares of the software maker’s stock after selling 325 shares during the period. Eagle Bay Advisors LLC’s holdings in ANSYS were worth $94,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jacobson & Schmitt Advisors LLC boosted its stake in ANSYS by 66.4% during the first quarter. Jacobson & Schmitt Advisors LLC now owns 30,621 shares of the software maker’s stock worth $10,630,000 after buying an additional 12,222 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in ANSYS by 94.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 105,736 shares of the software maker’s stock worth $36,707,000 after buying an additional 51,249 shares in the last quarter. ProShare Advisors LLC boosted its stake in ANSYS by 17.6% during the first quarter. ProShare Advisors LLC now owns 101,965 shares of the software maker’s stock worth $35,398,000 after buying an additional 15,263 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in 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 buying an additional 118 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in 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 buying an additional 34,244 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of ANSYS in a research note on Friday, July 12th. They set a “hold” rating on the stock. Rosenblatt Securities restated a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research note on Friday, May 3rd. Finally, KeyCorp initiated coverage on ANSYS in a report on Thursday, June 27th. They set a “sector weight” 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $320.00.

ANSYS Trading Down 1.6 %

Shares of ANSS stock traded down $5.18 during trading hours on Thursday, reaching $315.05. The company had a trading volume of 189,268 shares, compared to its average volume of 600,901. The company has a 50 day moving average of $325.53 and a 200 day moving average of $332.78. 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 firm has a market cap of $27.50 billion, a price-to-earnings ratio of 64.30, a P/E/G ratio of 7.36 and a beta of 1.11. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results 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 company 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 business’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.45 EPS. On average, equities research analysts anticipate that ANSYS, Inc. will post 7.05 EPS for the current year.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $330.81, for a total value of $52,598.79. Following the completion of the sale, the director now owns 3,782 shares in the company, valued at approximately $1,251,123.42. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.46% of the stock is owned by corporate insiders.

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.