Envestnet Portfolio Solutions Inc. lessened its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 34.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,221 shares of the software maker's stock after selling 1,666 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in ANSYS were worth $1,020,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of ANSS. Principal Securities Inc. raised its position in ANSYS by 17.7% during the fourth quarter. Principal Securities Inc. now owns 619 shares of the software maker's stock valued at $209,000 after purchasing an additional 93 shares in the last quarter. Allworth Financial LP increased its position in shares of ANSYS by 33.7% during the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker's stock valued at $92,000 after purchasing an additional 65 shares during the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of ANSYS by 8.9% during the 4th quarter. Crestwood Advisors Group LLC now owns 1,589 shares of the software maker's stock valued at $536,000 after buying an additional 130 shares in the last quarter. Lake Street Advisors Group LLC lifted its position in ANSYS by 22.9% in the 4th quarter. Lake Street Advisors Group LLC now owns 955 shares of the software maker's stock worth $322,000 after buying an additional 178 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. lifted its position in ANSYS by 6.6% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,050 shares of the software maker's stock worth $354,000 after buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.
ANSYS Trading Up 1.0%
NASDAQ ANSS traded up $3.42 during trading on Wednesday, hitting $341.69. 359,432 shares of the company's stock traded hands, compared to its average volume of 520,655. The firm has a market cap of $30.04 billion, a P/E ratio of 50.70, a PEG ratio of 3.44 and a beta of 1.19. The stock has a fifty day moving average of $331.75 and a two-hundred day moving average of $331.78. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.66 and a quick ratio of 3.66. 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 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 12.38% and a net margin of 22.95%. The company had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. During the same quarter in the previous year, the business earned $1.39 earnings per share. ANSYS's revenue was up 8.2% compared to the same quarter last year. As a group, sell-side analysts expect that ANSYS, Inc. will post 8.32 EPS for the current year.
Insider Activity
In related news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the transaction, the director now owns 3,230 shares in the company, valued at $969,032.30. The trade was a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.61% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th.
Read Our Latest Stock Report on ANSYS
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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