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

Waverly Advisors LLC lessened its stake in ANSYS, Inc. (NASDAQ:ANSS) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,531 shares of the software maker’s stock after selling 491 shares during the quarter. Waverly Advisors LLC’s holdings in ANSYS were worth $10,974,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. acquired a new stake in shares of ANSYS in the fourth quarter valued at approximately $27,000. Quarry LP increased its holdings in shares of ANSYS by 1,550.0% in the fourth quarter. Quarry LP now owns 99 shares of the software maker’s stock valued at $33,000 after purchasing an additional 93 shares during the last quarter. Assetmark Inc. increased its holdings in shares of ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after purchasing an additional 103 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of ANSYS in the fourth quarter valued at approximately $42,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of ANSYS in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the sale, the director now owns 3,230 shares of the company’s stock, valued at $969,032.30. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by insiders.

ANSYS Price Performance

ANSS stock opened at $346.00 on Wednesday. The business has a fifty day moving average of $318.21 and a two-hundred day moving average of $332.79. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a market cap of $30.42 billion, a price-to-earnings ratio of 52.82, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. ANSYS, Inc. has a 52-week low of $275.06 and a 52-week high of $363.03.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.11). The business had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. ANSYS’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $1.39 EPS. As a group, research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ANSS. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th. Rosenblatt Securities raised their target price on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st.

About ANSYS

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.