Great Valley Advisor Group Inc. Sells 1,253 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Great Valley Advisor Group Inc. decreased its stake in ANSYS, Inc. (NASDAQ:ANSS) by 55.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 989 shares of the software maker’s stock after selling 1,253 shares during the period. Great Valley Advisor Group Inc.’s holdings in ANSYS were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Buckhead Capital Management LLC grew its stake in shares of ANSYS by 16.1% in the 4th quarter. Buckhead Capital Management LLC now owns 1,696 shares of the software maker’s stock worth $615,000 after acquiring an additional 235 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in ANSYS by 3.4% during the fourth quarter. Victory Capital Management Inc. now owns 75,641 shares of the software maker’s stock valued at $27,449,000 after purchasing an additional 2,478 shares during the last quarter. Legacy Capital Wealth Partners LLC lifted its holdings in ANSYS by 6.3% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,264 shares of the software maker’s stock valued at $459,000 after purchasing an additional 75 shares during the last quarter. Golden State Equity Partners purchased a new stake in ANSYS during the fourth quarter valued at about $356,000. Finally, Lyell Wealth Management LP purchased a new stake in shares of ANSYS in the fourth quarter worth about $209,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Stock Up 1.6 %

NASDAQ:ANSS opened at $319.52 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.80. The firm has a market cap of $27.89 billion, a P/E ratio of 64.16, a P/E/G ratio of 5.01 and a beta of 1.16. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The firm has a 50-day simple moving average of $335.57 and a two-hundred day simple moving average of $322.55.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.54). The firm had revenue of $466.60 million for the quarter, compared to the consensus estimate of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. ANSYS’s revenue was down 8.4% on a year-over-year basis. During the same period last year, the business earned $1.45 EPS. Analysts predict that ANSYS, Inc. will post 7.39 earnings per share for the current fiscal year.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the sale, the director now directly owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ANSS shares. Mizuho lowered their price target on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a report on Wednesday, January 17th. Wolfe Research reaffirmed a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research note on Friday. StockNews.com initiated coverage on shares of ANSYS in a research report on Wednesday, May 1st. They set a “hold” rating on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $320.00.

About ANSYS

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.