ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by UMB Bank n.a.

UMB Bank n.a. decreased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,748 shares of the software maker’s stock after selling 47 shares during the quarter. UMB Bank n.a.’s holdings in ANSYS were worth $557,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DT Investment Partners LLC lifted its position in ANSYS by 888.9% during the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after acquiring an additional 80 shares during the period. Redwood Wealth Management Group LLC purchased a new position in ANSYS in the 2nd quarter valued at $32,000. Rothschild Investment LLC acquired a new stake in shares of ANSYS in the 2nd quarter worth $38,000. Bangor Savings Bank boosted its holdings in shares of ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after acquiring an additional 34 shares in the last quarter. Finally, Janiczek Wealth Management LLC boosted its holdings in shares of ANSYS by 39.1% in the first quarter. Janiczek Wealth Management LLC now owns 153 shares of the software maker’s stock valued at $53,000 after acquiring an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the sale, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. KeyCorp began coverage on shares of ANSYS in a research report on Thursday, June 27th. They issued a “sector weight” rating for the company. StockNews.com assumed coverage on ANSYS in a research note on Sunday, September 22nd. They issued a “hold” rating on the stock. Finally, Rosenblatt Securities cut their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $318.33.

ANSYS Stock Performance

Shares of ANSS stock opened at $330.03 on Friday. The stock has a fifty day moving average price of $317.00 and a 200 day moving average price of $323.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. The stock has a market cap of $28.84 billion, a PE ratio of 58.31, a P/E/G ratio of 6.99 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 announced its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.58. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The business had revenue of $594.14 million during the quarter, compared to analysts’ expectations of $550.30 million. During the same quarter last year, the business posted $1.06 earnings per share. The business’s revenue for the quarter was up 19.6% on a year-over-year basis. Sell-side analysts forecast that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal year.

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.