LRI Investments LLC Invests $356,000 in ANSYS, Inc. (NASDAQ:ANSS)

LRI Investments LLC acquired a new position in ANSYS, Inc. (NASDAQ:ANSS) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,084 shares of the software maker’s stock, valued at approximately $356,000.

Other institutional investors and hedge funds have also modified their holdings of the company. CVA Family Office LLC acquired a new stake in shares of ANSYS in the fourth quarter worth $28,000. Quest Partners LLC acquired a new position in ANSYS during the 4th quarter valued at $29,000. DSM Capital Partners LLC acquired a new position in ANSYS during the 4th quarter valued at $34,000. Core Wealth Advisors Inc. acquired a new position in ANSYS during the 4th quarter valued at $40,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in ANSYS during the 4th quarter valued at $47,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Rosenblatt Securities reissued a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a report on Friday, May 3rd. StockNews.com assumed coverage on shares of ANSYS in a report on Saturday, July 20th. They issued a “hold” rating on the stock. Finally, KeyCorp started coverage on shares of ANSYS in a report on Thursday, June 27th. They issued a “sector weight” rating on the stock. Two 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’s stock. Based on data from MarketBeat, ANSYS has a consensus rating of “Hold” and a consensus price target of $320.00.

ANSYS Price Performance

NASDAQ ANSS traded up $1.57 on Friday, hitting $312.26. 323,741 shares of the company were exchanged, compared to its average volume of 436,815. The firm has a 50 day moving average of $323.68 and a two-hundred day moving average of $331.05. The company has a market cap of $27.26 billion, a P/E ratio of 62.70, a P/E/G ratio of 6.92 and a beta of 1.11. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31.

ANSYS (NASDAQ:ANSS) last issued 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). The company had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the company earned $1.45 EPS. On average, equities analysts predict that ANSYS, Inc. will post 7.05 EPS for the current year.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $330.81, for a total transaction of $52,598.79. Following the transaction, the director now directly 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 accessible through the SEC website. 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.