US Bancorp DE Lowers Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

US Bancorp DE lowered its position in shares of ANSYS, Inc. (NASDAQ:ANSSFree Report) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,933 shares of the software maker’s stock after selling 587 shares during the quarter. US Bancorp DE’s holdings in ANSYS were worth $11,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. CVA Family Office LLC purchased a new position in shares of ANSYS in the 4th quarter worth about $28,000. Raleigh Capital Management Inc. raised its position in shares of ANSYS by 135.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after purchasing an additional 57 shares during the last quarter. Quest Partners LLC purchased a new position in shares of ANSYS in the 4th quarter worth about $29,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of ANSYS in the 4th quarter worth about $47,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of ANSYS in the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ANSS has been the subject of several recent analyst reports. Barclays lifted their price target on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. Rosenblatt Securities reissued a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research report on Friday, May 3rd. Finally, StockNews.com began coverage on ANSYS in a research report on Saturday. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, ANSYS currently has a consensus rating of “Hold” and an average price target of $320.00.

View Our Latest Analysis on ANSS

ANSYS Trading Up 0.9 %

ANSYS stock opened at $331.11 on Monday. The business has a 50-day simple moving average of $333.41 and a two-hundred day simple moving average of $327.75. The company has a market cap of $28.91 billion, a P/E ratio of 66.49, a P/E/G ratio of 7.26 and a beta of 1.16. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14.

ANSYS (NASDAQ:ANSSGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.45 earnings per share. Analysts predict that ANSYS, Inc. will post 7.16 EPS for the current year.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the sale, the director now directly owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.46% of the company’s stock.

ANSYS Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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