Private Advisor Group LLC Sells 221 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Private Advisor Group LLC trimmed its position in ANSYS, Inc. (NASDAQ:ANSS) by 3.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,888 shares of the software maker’s stock after selling 221 shares during the period. Private Advisor Group LLC’s holdings in ANSYS were worth $1,206,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Raymond James & Associates boosted its stake in ANSYS by 21.1% in the first quarter. Raymond James & Associates now owns 52,925 shares of the software maker’s stock valued at $9,670,000 after acquiring an additional 9,238 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in ANSYS by 2.0% in the first quarter. JPMorgan Chase & Co. now owns 94,491 shares of the software maker’s stock valued at $17,264,000 after acquiring an additional 1,865 shares during the last quarter. Keybank National Association OH boosted its stake in ANSYS by 4.7% in the first quarter. Keybank National Association OH now owns 3,158 shares of the software maker’s stock valued at $577,000 after acquiring an additional 143 shares during the last quarter. US Bancorp DE boosted its stake in ANSYS by 8.2% in the first quarter. US Bancorp DE now owns 42,808 shares of the software maker’s stock valued at $7,821,000 after acquiring an additional 3,245 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in shares of ANSYS by 8.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 61,146 shares of the software maker’s stock valued at $11,144,000 after buying an additional 4,766 shares in the last quarter. 93.64% of the stock is owned by institutional investors and hedge funds.

NASDAQ ANSS traded up $0.04 on Monday, hitting $216.61. The stock had a trading volume of 10,038 shares, compared to its average volume of 534,071. ANSYS, Inc. has a 52-week low of $136.80 and a 52-week high of $220.82. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market capitalization of $18.42 billion, a price-to-earnings ratio of 41.53 and a beta of 1.41. The firm has a 50-day moving average of $209.42 and a 200-day moving average of $196.79.



ANSYS (NASDAQ:ANSS) last posted its earnings results on Monday, August 5th. The software maker reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.25. ANSYS had a net margin of 31.53% and a return on equity of 17.17%. The business had revenue of $370.51 million for the quarter, compared to analysts’ expectations of $338.31 million. During the same period in the prior year, the company posted $1.35 EPS. The business’s revenue for the quarter was up 20.0% compared to the same quarter last year. As a group, research analysts anticipate that ANSYS, Inc. will post 5.2 earnings per share for the current fiscal year.

ANSS has been the topic of a number of recent research reports. Wedbush upped their price target on shares of ANSYS from $232.00 to $254.00 and gave the company an “outperform” rating in a research note on Friday, September 13th. Evercore ISI restated a “hold” rating and set a $160.00 price target on shares of ANSYS in a research note on Tuesday, August 6th. Griffin Securities upgraded shares of ANSYS from a “neutral” rating to a “buy” rating and set a $240.00 price target on the stock in a research note on Friday, September 13th. Zacks Investment Research cut shares of ANSYS from a “strong-buy” rating to a “hold” rating and set a $240.00 price target on the stock. in a research note on Monday, August 12th. Finally, BidaskClub upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $221.00.

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.

Read More: What is the cash asset ratio?

Want to see what other hedge funds are holding ANSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANSYS, Inc. (NASDAQ:ANSS).

Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

Receive News & Ratings for ANSYS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS and related companies with MarketBeat.com's FREE daily email newsletter.