Raymond James Financial Services Advisors Inc. trimmed its stake in ANSYS, Inc. (NASDAQ:ANSS) by 11.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,132 shares of the software maker’s stock after selling 397 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in ANSYS were worth $572,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new stake in shares of ANSYS during the first quarter valued at approximately $28,000. Flagship Harbor Advisors LLC increased its position in shares of ANSYS by 198.4% during the first quarter. Flagship Harbor Advisors LLC now owns 182 shares of the software maker’s stock valued at $33,000 after purchasing an additional 121 shares during the period. Washington Trust Bank increased its position in shares of ANSYS by 43.8% during the first quarter. Washington Trust Bank now owns 210 shares of the software maker’s stock valued at $39,000 after purchasing an additional 64 shares during the period. AdvisorNet Financial Inc increased its position in shares of ANSYS by 77.8% during the fourth quarter. AdvisorNet Financial Inc now owns 320 shares of the software maker’s stock valued at $46,000 after purchasing an additional 140 shares during the period. Finally, Resources Investment Advisors Inc. bought a new stake in shares of ANSYS during the fourth quarter valued at approximately $50,000. 93.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of ANSS stock opened at $198.47 on Friday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $16.60 billion, a P/E ratio of 38.09 and a beta of 1.38. ANSYS, Inc. has a one year low of $136.80 and a one year high of $200.40.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.11. The business had revenue of $319.91 million for the quarter, compared to analyst estimates of $306.17 million. ANSYS had a return on equity of 17.08% and a net margin of 31.73%. ANSYS’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.22 EPS. Research analysts expect that ANSYS, Inc. will post 5.07 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on ANSS shares. Mitsubishi UFJ Financial Group boosted their price objective on ANSYS to $203.00 and gave the company an “overweight” rating in a research report on Thursday, February 28th. Stifel Nicolaus set a $185.00 price objective on ANSYS and gave the company a “hold” rating in a research report on Thursday, February 28th. Wedbush boosted their price objective on ANSYS from $192.00 to $201.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $200.00 price objective on the stock in a research report on Wednesday, March 6th. Finally, BidaskClub upgraded ANSYS from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $188.14.

In other ANSYS news, insider Ajei Gopal sold 9,023 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $186.00, for a total value of $1,678,278.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director William R. Mcdermott sold 1,765 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $181.53, for a total value of $320,400.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,542 shares of company stock worth $2,334,603. 1.11% of the stock is owned by insiders.

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ANSYS Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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