Raymond James & Associates Sells 1,996 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Raymond James & Associates lessened its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,204 shares of the software maker’s stock after selling 1,996 shares during the quarter. Raymond James & Associates owned about 0.16% of ANSYS worth $50,514,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC grew its position in shares of ANSYS by 18.1% during the 3rd quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock valued at $72,000 after acquiring an additional 37 shares during the period. IFP Advisors Inc raised its position in shares of ANSYS by 11.7% during the 3rd quarter. IFP Advisors Inc now owns 363 shares of the software maker’s stock valued at $108,000 after buying an additional 38 shares in the last quarter. Prelude Capital Management LLC raised its position in shares of ANSYS by 4.2% during the 2nd quarter. Prelude Capital Management LLC now owns 973 shares of the software maker’s stock valued at $321,000 after buying an additional 39 shares in the last quarter. Koshinski Asset Management Inc. raised its position in ANSYS by 0.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 4,866 shares of the software maker’s stock worth $1,448,000 after purchasing an additional 39 shares during the period. Finally, Williams Jones Wealth Management LLC. raised its position in ANSYS by 2.2% in the 1st quarter. Williams Jones Wealth Management LLC. now owns 1,822 shares of the software maker’s stock worth $606,000 after purchasing an additional 39 shares during the period. Institutional investors own 92.39% of the company’s stock.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $345.68, for a total transaction of $69,136.00. Following the sale, the director now owns 3,199 shares of the company’s stock, valued at approximately $1,105,830.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.53% of the company’s stock.

ANSYS Trading Down 0.5 %

Shares of ANSS opened at $347.93 on Thursday. The firm’s 50-day moving average price is $336.19 and its 200-day moving average price is $316.18. The firm has a market capitalization of $30.28 billion, a price-to-earnings ratio of 60.72, a PEG ratio of 5.38 and a beta of 1.16. The company has a current ratio of 2.30, a quick ratio of 2.30 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 announced its earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. The firm had revenue of $805.10 million for the quarter, compared to analyst estimates of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.61 EPS. Sell-side analysts anticipate that ANSYS, Inc. will post 7.48 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ANSS. Mizuho decreased their target price on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 17th. StockNews.com started coverage on shares of ANSYS in a research report on Friday, March 22nd. They issued a “hold” rating on the stock. Barclays boosted their price objective on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research report on Thursday, February 22nd. Wolfe Research restated a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $322.75.

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.