Procyon Advisors LLC Buys 110 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Procyon Advisors LLC boosted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 4.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,424 shares of the software maker’s stock after acquiring an additional 110 shares during the quarter. Procyon Advisors LLC’s holdings in ANSYS were worth $767,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in ANSYS during the 1st quarter worth approximately $31,000. Quarry LP lifted its position in shares of ANSYS by 1,550.0% in the fourth quarter. Quarry LP now owns 99 shares of the software maker’s stock worth $33,000 after purchasing an additional 93 shares in the last quarter. Assetmark Inc. boosted its holdings in ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after purchasing an additional 103 shares during the last quarter. Millstone Evans Group LLC acquired a new position in ANSYS during the fourth quarter worth $42,000. Finally, Kapitalo Investimentos Ltda bought a new position in ANSYS in the fourth quarter valued at $43,000. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred 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 transaction, the director now directly owns 3,230 shares in the company, valued at approximately $969,032.30. The trade was a 5.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ANSS. Wall Street Zen cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Rosenblatt Securities lifted their target price on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st.

ANSYS Trading Up 0.3%

NASDAQ ANSS opened at $339.27 on Friday. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average of $322.11 and a 200-day moving average of $332.68. The company has a market cap of $29.83 billion, a PE ratio of 51.80, a PEG ratio of 3.48 and a beta of 1.19.

ANSYS (NASDAQ:ANSS) last posted its quarterly 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). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. During the same period last year, the company posted $1.39 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

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.