ANSYS, Inc. (NASDAQ:ANSS) Position Reduced by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise reduced its position in ANSYS, Inc. (NASDAQ:ANSS) by 7.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,403 shares of the software maker’s stock after selling 114 shares during the period. Banque Cantonale Vaudoise’s holdings in ANSYS were worth $487,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ANSS. CVA Family Office LLC purchased a new stake in ANSYS in the 4th quarter worth about $28,000. Raleigh Capital Management Inc. boosted its holdings in shares of ANSYS by 135.7% during the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after purchasing an additional 57 shares during the period. Quest Partners LLC acquired a new stake in shares of ANSYS during the fourth quarter worth approximately $29,000. DSM Capital Partners LLC purchased a new position in ANSYS during the fourth quarter valued at approximately $34,000. Finally, Core Wealth Advisors Inc. acquired a new position in ANSYS in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. StockNews.com began coverage on shares of ANSYS in a research note on Tuesday, June 18th. They set a “hold” rating for the company. Rosenblatt Securities restated a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, ANSYS presently has a consensus rating of “Hold” and an average target price of $320.00.

Insider Buying and Selling

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

ANSYS Price Performance

NASDAQ ANSS opened at $325.35 on Friday. The stock’s 50-day moving average is $325.27 and its two-hundred day moving average is $331.53. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.80. The firm has a market cap of $28.40 billion, a P/E ratio of 65.33, a price-to-earnings-growth ratio of 7.14 and a beta of 1.14.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). The firm had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The firm’s revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 EPS. On average, analysts anticipate that ANSYS, Inc. will post 7.16 earnings per share 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.