L. Roy Papp & Associates LLP Lowers Holdings in ANSYS, Inc. (NASDAQ:ANSS)

by · The Markets Daily

L. Roy Papp & Associates LLP decreased its position in ANSYS, Inc. (NASDAQ:ANSS – Free Report) by 2.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,621 shares of the software maker’s stock after selling 280 shares during the period. L. Roy Papp & Associates LLP’s holdings in ANSYS were worth $3,066,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in ANSYS by 4.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,082 shares of the software maker’s stock worth $723,000 after buying an additional 86 shares during the period. Buffington Mohr McNeal lifted its holdings in ANSYS by 187.5% during the first quarter. Buffington Mohr McNeal now owns 2,300 shares of the software maker’s stock worth $798,000 after buying an additional 1,500 shares during the period. Wasatch Advisors LP lifted its holdings in ANSYS by 1.8% during the first quarter. Wasatch Advisors LP now owns 2,082 shares of the software maker’s stock worth $723,000 after buying an additional 36 shares during the period. Norden Group LLC purchased a new stake in ANSYS during the first quarter worth $3,699,000. Finally, First Trust Direct Indexing L.P. lifted its holdings in ANSYS by 13.5% during the first quarter. First Trust Direct Indexing L.P. now owns 2,317 shares of the software maker’s stock worth $804,000 after buying an additional 275 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ANSS. Rosenblatt Securities lowered their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. StockNews.com began coverage on ANSYS in a report on Sunday, September 22nd. They set a “hold” rating for the company. 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 stock. According to MarketBeat, ANSYS currently has a consensus rating of “Hold” and an average target price of $318.33.

Read Our Latest Research Report on ANSS

ANSYS Stock Up 0.4 %

Shares of ANSS traded up $1.44 during midday trading on Friday, hitting $322.81. 300,421 shares of the company’s stock traded hands, compared to its average volume of 526,402. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31. The firm’s fifty day moving average is $320.38 and its 200-day moving average is $321.83. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $28.18 billion, a price-to-earnings ratio of 64.82, a price-to-earnings-growth ratio of 6.99 and a beta of 1.11.

ANSYS (NASDAQ:ANSS – Get Free Report) last released 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 firm had revenue of $594.14 million for the quarter, compared to the consensus estimate of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The firm’s revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 EPS. As a group, sell-side analysts anticipate that ANSYS, Inc. will post 7.32 earnings per share for the current year.

Insider Buying and Selling

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

ANSYS Profile

(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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