Farther Finance Advisors LLC Boosts Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Farther Finance Advisors LLC lifted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 1,596.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 5,803 shares of the software maker's stock after acquiring an additional 5,461 shares during the period. Farther Finance Advisors LLC's holdings in ANSYS were worth $1,862,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ANSS. NBC Securities Inc. bought a new stake in shares of ANSYS during the 1st quarter worth $31,000. Quarry LP lifted its holdings in shares of ANSYS by 1,550.0% during the 4th quarter. Quarry LP now owns 99 shares of the software maker's stock worth $33,000 after acquiring an additional 93 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after acquiring an additional 103 shares during the last quarter. Millstone Evans Group LLC bought a new stake in shares of ANSYS during the 4th quarter worth $42,000. Finally, Kapitalo Investimentos Ltda bought a new stake in ANSYS in the fourth quarter worth $43,000. 92.39% of the stock is owned by institutional investors.

ANSYS Trading Down 1.6%

ANSYS stock traded down $5.49 during mid-day trading on Friday, hitting $338.01. The company's stock had a trading volume of 428,330 shares, compared to its average volume of 525,323. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The stock has a market cap of $29.72 billion, a price-to-earnings ratio of 51.60, a price-to-earnings-growth ratio of 3.48 and a beta of 1.19. The business has a 50 day moving average price of $326.69 and a 200-day moving average price of $332.55. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.11). The firm had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business's revenue was up 8.2% on a year-over-year basis. During the same period last year, the company posted $1.39 earnings per share. As a group, analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

Analysts Set New Price Targets

ANSS has been the subject of several recent research reports. Rosenblatt Securities boosted their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. Wall Street Zen downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the stock in a transaction dated Monday, April 14th. The shares were 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 directly owns 3,230 shares in the company, valued at approximately $969,032.30. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by company insiders.

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.