ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC cut its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 35.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 707 shares of the software maker’s stock after selling 382 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in ANSYS were worth $230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ANSS. DekaBank Deutsche Girozentrale boosted its position in shares of ANSYS by 20.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 499,777 shares of the software maker’s stock worth $173,079,000 after acquiring an additional 84,353 shares during the last quarter. Cetera Advisors LLC boosted its position in shares of ANSYS by 59.2% in the first quarter. Cetera Advisors LLC now owns 1,605 shares of the software maker’s stock worth $557,000 after acquiring an additional 597 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of ANSYS by 392.9% in the first quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker’s stock worth $4,427,000 after acquiring an additional 10,164 shares during the last quarter. Swedbank AB acquired a new stake in shares of ANSYS in the first quarter worth approximately $128,089,000. Finally, LRI Investments LLC acquired a new stake in shares of ANSYS in the first quarter worth approximately $356,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com started coverage on shares of ANSYS in a report on Sunday, July 28th. They issued a “hold” rating on the stock. KeyCorp started coverage on shares of ANSYS in a research note on Thursday, June 27th. They set a “sector weight” rating on the stock. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $320.00.

Insider Activity

In other news, Director Glenda Dorchak sold 159 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $330.81, for a total transaction of $52,598.79. Following the completion of the transaction, the director now owns 3,782 shares of the company’s stock, valued at $1,251,123.42. 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.

ANSYS Stock Performance

ANSYS stock traded down $7.61 during mid-day trading on Friday, reaching $302.22. The company’s stock had a trading volume of 704,966 shares, compared to its average volume of 392,068. The firm has a market cap of $26.38 billion, a price-to-earnings ratio of 60.69, a PEG ratio of 6.90 and a beta of 1.11. The business has a 50 day moving average price of $321.66 and a 200-day moving average price of $329.70. The company has a current ratio of 2.95, a quick ratio of 2.80 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.58. The firm had revenue of $594.14 million during the quarter, compared to the consensus estimate of $550.30 million. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The firm’s revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.06 earnings per share. Sell-side analysts predict that ANSYS, Inc. will post 7.05 EPS for the current fiscal year.

ANSYS Company Profile

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.