ANSYS, Inc. (NASDAQ:ANSS) Stock Position Reduced by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. cut its stake in shares of ANSYS, Inc. (NASDAQ:ANSSFree Report) by 3.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,643 shares of the software maker’s stock after selling 741 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in ANSYS were worth $6,765,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in ANSYS by 7.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,195,065 shares of the software maker’s stock valued at $355,592,000 after purchasing an additional 81,457 shares in the last quarter. US Bancorp DE grew its position in ANSYS by 3.7% during the third quarter. US Bancorp DE now owns 33,520 shares of the software maker’s stock valued at $9,974,000 after purchasing an additional 1,198 shares in the last quarter. Sei Investments Co. grew its position in ANSYS by 4.5% during the third quarter. Sei Investments Co. now owns 356,768 shares of the software maker’s stock valued at $106,156,000 after purchasing an additional 15,333 shares in the last quarter. Morgan Stanley grew its position in ANSYS by 18.0% during the third quarter. Morgan Stanley now owns 1,010,937 shares of the software maker’s stock valued at $300,805,000 after purchasing an additional 154,325 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC bought a new stake in ANSYS in the third quarter worth approximately $3,273,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ANSS has been the subject of several recent research reports. Barclays boosted their target price on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Mizuho decreased their target price on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research report on Wednesday, January 17th. StockNews.com started coverage on shares of ANSYS in a research report on Saturday. They issued a “hold” rating for the company. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research note on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $322.75.

Read Our Latest Report on ANSS

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $345.68, for a total transaction of $69,136.00. Following the completion of the transaction, the director now directly owns 3,199 shares in the company, valued at approximately $1,105,830.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.53% of the company’s stock.

ANSYS Price Performance

Shares of ANSYS stock opened at $345.78 on Wednesday. The firm has a fifty day simple moving average of $337.25 and a 200-day simple moving average of $317.11. 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. The stock has a market capitalization of $30.09 billion, a price-to-earnings ratio of 60.35, a PEG ratio of 5.48 and a beta of 1.16.

ANSYS (NASDAQ:ANSSGet Free Report) last released its earnings results on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, beating the consensus estimate of $3.71 by $0.23. The firm had revenue of $805.10 million during the quarter, compared to analysts’ expectations of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.61 EPS. On average, sell-side analysts expect that ANSYS, Inc. will post 7.34 earnings per share for the current year.

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.

Further Reading

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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