Buffington Mohr McNeal Raises Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Buffington Mohr McNeal lifted its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 187.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,300 shares of the software maker’s stock after acquiring an additional 1,500 shares during the quarter. Buffington Mohr McNeal’s holdings in ANSYS were worth $798,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. CVA Family Office LLC purchased a new position in shares of ANSYS during the 4th quarter worth approximately $28,000. Raleigh Capital Management Inc. grew its holdings in ANSYS by 135.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after buying an additional 57 shares during the last quarter. Quest Partners LLC purchased a new position in ANSYS during the fourth quarter worth $29,000. DSM Capital Partners LLC acquired a new position in shares of ANSYS in the fourth quarter worth $34,000. Finally, Core Wealth Advisors Inc. acquired a new position in shares of ANSYS in the fourth quarter worth $40,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

Several research firms have commented on ANSS. KeyCorp assumed coverage on shares of ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating for the company. StockNews.com began coverage on ANSYS in a research report on Wednesday, June 26th. They set a “hold” rating on the stock. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 price objective on shares of ANSYS in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, ANSYS currently has a consensus rating of “Hold” and a consensus price target of $320.00.

ANSYS Stock Up 1.8 %

Shares of ANSYS stock traded up $5.94 on Tuesday, hitting $327.10. 364,902 shares of the company’s stock traded hands, compared to its average volume of 622,876. 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. The stock has a market cap of $28.56 billion, a P/E ratio of 65.68, a PEG ratio of 7.16 and a beta of 1.11. The firm’s 50-day moving average is $324.85 and its 200 day moving average is $333.14.

ANSYS (NASDAQ:ANSS) last issued its 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 company had revenue of $466.60 million during the quarter, compared to analyst estimates of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.45 EPS. Equities analysts anticipate that ANSYS, Inc. will post 7.05 earnings per share for the current year.

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.