Janney Montgomery Scott LLC Sells 6,322 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Janney Montgomery Scott LLC lessened its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 21.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,792 shares of the software maker's stock after selling 6,322 shares during the quarter. Janney Montgomery Scott LLC's holdings in ANSYS were worth $7,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of ANSYS by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock valued at $3,590,462,000 after purchasing an additional 78,730 shares during the last quarter. Geode Capital Management LLC increased its position in shares of ANSYS by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock valued at $796,033,000 after purchasing an additional 58,190 shares during the last quarter. FIL Ltd increased its position in shares of ANSYS by 32.5% during the 4th quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock valued at $703,730,000 after purchasing an additional 511,557 shares during the last quarter. Capital Research Global Investors purchased a new stake in shares of ANSYS during the 4th quarter valued at $695,129,000. Finally, Norges Bank purchased a new stake in ANSYS in the 4th quarter worth about $615,566,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of ANSYS 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 completion of the sale, the director now 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.61% of the company's stock.

ANSYS Stock Performance

ANSS traded down $1.27 during trading hours on Friday, hitting $334.96. The stock had a trading volume of 1,129,395 shares, compared to its average volume of 522,207. The company's fifty day simple moving average is $330.41 and its 200 day simple moving average is $331.81. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year high of $363.03. The stock has a market cap of $29.45 billion, a PE ratio of 49.70, a price-to-earnings-growth ratio of 3.44 and a beta of 1.19. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). The company had revenue of $504.89 million for the quarter, compared to analysts' expectations of $516.81 million. ANSYS had a net margin of 22.95% and a return on equity of 12.38%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.39 EPS. Equities analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

ANSYS Profile

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.