PFG Advisors Sells 860 Shares of ANSYS, Inc. (NASDAQ:ANSS)

by · The Cerbat Gem

PFG Advisors trimmed its stake in shares of ANSYS, Inc. (NASDAQ:ANSS – Free Report) by 7.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 11,456 shares of the software maker’s stock after selling 860 shares during the quarter. PFG Advisors’ holdings in ANSYS were worth $3,650,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ANSS. DT Investment Partners LLC increased its holdings in shares of ANSYS by 888.9% in the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after purchasing an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC purchased a new stake in ANSYS during the second quarter valued at approximately $32,000. Rothschild Investment LLC purchased a new stake in ANSYS during the second quarter valued at approximately $38,000. Bangor Savings Bank raised its position in ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after purchasing an additional 34 shares during the period. Finally, Janiczek Wealth Management LLC raised its position in ANSYS by 39.1% during the first quarter. Janiczek Wealth Management LLC now owns 153 shares of the software maker’s stock valued at $53,000 after purchasing an additional 43 shares during the period. 92.39% of the stock is currently owned by institutional investors.

ANSYS Trading Down 2.0 %

ANSS opened at $328.60 on Wednesday. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $28.69 billion, a P/E ratio of 65.98, a PEG ratio of 6.99 and a beta of 1.11. The stock’s fifty day moving average is $318.85 and its two-hundred day moving average is $322.79. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31.

ANSYS (NASDAQ:ANSS – Get Free Report) last announced its earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.58. The business had revenue of $594.14 million for the quarter, compared to analysts’ expectations of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The business’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 EPS. Analysts forecast that ANSYS, Inc. will post 7.32 earnings per share for the current year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the transaction, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on ANSS. Rosenblatt Securities decreased their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. StockNews.com assumed coverage on ANSYS in a report on Sunday, September 22nd. They issued a “hold” rating on the stock. Finally, KeyCorp assumed coverage on ANSYS in a report on Thursday, June 27th. They issued a “sector weight” rating on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, ANSYS currently has an average rating of “Hold” and an average price target of $318.33.

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About ANSYS

(Free Report)

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.

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