SRS Capital Advisors Inc. Purchases 175 Shares of ANSYS, Inc. (NASDAQ:ANSS)

SRS Capital Advisors Inc. lifted its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 5.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,463 shares of the software maker’s stock after purchasing an additional 175 shares during the period. SRS Capital Advisors Inc.’s holdings in ANSYS were worth $1,257,000 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. Natixis Advisors L.P. raised its stake in shares of ANSYS by 1.8% in the fourth quarter. Natixis Advisors L.P. now owns 54,471 shares of the software maker’s stock worth $19,766,000 after buying an additional 970 shares during the period. Heritage Wealth Management LLC bought a new stake in ANSYS during the 4th quarter worth approximately $509,000. FFT Wealth Management LLC lifted its holdings in ANSYS by 6.0% during the fourth quarter. FFT Wealth Management LLC now owns 1,021 shares of the software maker’s stock valued at $370,000 after purchasing an additional 58 shares in the last quarter. Summit Financial LLC bought a new position in shares of ANSYS in the fourth quarter worth approximately $202,000. Finally, Buckhead Capital Management LLC increased its stake in shares of ANSYS by 16.1% in the fourth quarter. Buckhead Capital Management LLC now owns 1,696 shares of the software maker’s stock worth $615,000 after purchasing an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Trading Down 2.0 %

ANSS traded down $6.51 during trading on Thursday, reaching $314.97. The company had a trading volume of 746,473 shares, compared to its average volume of 672,382. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31. The stock has a market cap of $27.50 billion, a P/E ratio of 54.80, a PEG ratio of 5.09 and a beta of 1.16. The business has a 50 day simple moving average of $336.51 and a 200-day simple moving average of $322.06.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.54). The business had revenue of $466.60 million during the quarter, compared to the consensus estimate of $549.85 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.45 EPS. On average, equities analysts anticipate that ANSYS, Inc. will post 7.39 EPS for the current fiscal year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the transaction, the director now directly owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is owned by company insiders.

Analyst Ratings Changes

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