ANSYS, Inc. (NASDAQ:ANSS) Position Lessened by LVW Advisors LLC

LVW Advisors LLC trimmed its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 49.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,072 shares of the software maker’s stock after selling 1,059 shares during the quarter. LVW Advisors LLC’s holdings in ANSYS were worth $372,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ANSS. CVA Family Office LLC acquired a new position in ANSYS during the fourth quarter worth $28,000. Raleigh Capital Management Inc. increased its position in 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 buying an additional 57 shares during the last quarter. Quest Partners LLC acquired a new position in ANSYS during the fourth quarter worth $29,000. DSM Capital Partners LLC acquired a new position in ANSYS during the fourth quarter worth $34,000. Finally, Core Wealth Advisors Inc. acquired a new position in ANSYS during the fourth quarter worth $40,000. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Stock Down 0.1 %

Shares of ANSS opened at $321.50 on Monday. The stock has a market cap of $28.07 billion, a price-to-earnings ratio of 64.56, a P/E/G ratio of 7.16 and a beta of 1.11. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a 12 month low of $258.01 and a 12 month high of $364.31. The company has a 50-day moving average price of $324.93 and a two-hundred day moving average price of $332.96.

ANSYS (NASDAQ:ANSS) last posted 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). ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The firm had revenue of $466.60 million during the quarter, compared to the consensus estimate of $549.85 million. During the same quarter last year, the firm posted $1.45 EPS. The business’s revenue was down 8.4% on a year-over-year basis. Equities analysts predict that ANSYS, Inc. will post 7.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ANSS. KeyCorp began coverage on ANSYS in a research report on Thursday. They issued a “sector weight” rating on the stock. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a research report on Friday, May 3rd. Finally, StockNews.com began coverage on ANSYS in a research report on Wednesday, June 26th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, ANSYS presently has a consensus rating of “Hold” and an average target price of $320.00.

Insider Activity

In other news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the transaction, the director now owns 3,049 shares in the company, valued at $1,043,001.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

ANSYS 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.