Fifth Third Wealth Advisors LLC Reduces Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Fifth Third Wealth Advisors LLC lessened its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 78.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 842 shares of the software maker's stock after selling 3,063 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in ANSYS were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in ANSS. BTC Capital Management Inc. lifted its position in ANSYS by 15.5% during the first quarter. BTC Capital Management Inc. now owns 1,732 shares of the software maker's stock valued at $548,000 after buying an additional 233 shares during the period. Parallel Advisors LLC lifted its position in ANSYS by 8.1% during the 1st quarter. Parallel Advisors LLC now owns 1,018 shares of the software maker's stock valued at $322,000 after acquiring an additional 76 shares during the period. GAMMA Investing LLC boosted its stake in ANSYS by 46,802.3% during the first quarter. GAMMA Investing LLC now owns 727,455 shares of the software maker's stock worth $230,283,000 after acquiring an additional 725,904 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in ANSYS by 4.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,750 shares of the software maker's stock worth $554,000 after acquiring an additional 70 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in ANSYS by 27.5% in the fourth quarter. Wellington Management Group LLP now owns 3,721 shares of the software maker's stock worth $1,255,000 after purchasing an additional 803 shares during the period. 92.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on ANSS. Wall Street Zen lowered shares of ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Rosenblatt Securities raised their price objective on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, February 21st.

ANSYS Stock Up 0.5%

Shares of ANSS traded up $1.83 during trading hours on Friday, hitting $340.18. The company had a trading volume of 304,305 shares, compared to its average volume of 521,403. The stock has a market capitalization of $29.91 billion, a price-to-earnings ratio of 51.93, a P/E/G ratio of 3.48 and a beta of 1.19. The firm has a fifty day moving average price of $321.74 and a 200-day moving average price of $332.75. ANSYS, Inc. has a 52-week low of $275.06 and a 52-week high of $363.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued 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 firm had revenue of $504.89 million during the quarter, compared to analysts' expectations of $516.81 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm's quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $1.39 earnings per share. On average, equities research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the 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 sale, the director now directly owns 3,230 shares in the company, valued at approximately $969,032.30. This trade represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.61% of the stock is 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.