Davis R M Inc. Decreases Stake in ANSYS, Inc. (NASDAQ:ANSS)

Davis R M Inc. decreased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 16.7% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 34,485 shares of the software maker’s stock after selling 6,917 shares during the period. Davis R M Inc.’s holdings in ANSYS were worth $10,917,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. acquired a new stake in shares of ANSYS in the first quarter valued at about $31,000. Quarry LP boosted its holdings in ANSYS by 1,550.0% in 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 period. Kapitalo Investimentos Ltda purchased a new position in ANSYS in the 4th quarter worth approximately $43,000. Banque de Luxembourg S.A. acquired a new stake in ANSYS in the fourth quarter valued at approximately $60,000. Finally, Assetmark Inc. raised its stake in shares of ANSYS by 130.4% during the first quarter. Assetmark Inc. now owns 288 shares of the software maker’s stock valued at $91,000 after purchasing an additional 163 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Stock Performance

Shares of ANSS opened at $374.30 on Thursday. ANSYS, Inc. has a 52-week low of $275.06 and a 52-week high of $395.49. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12. The firm has a market cap of $32.91 billion, a price-to-earnings ratio of 55.53, a PEG ratio of 4.08 and a beta of 1.19. The business’s 50 day moving average is $353.89 and its two-hundred day moving average is $336.96.

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). The company had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. ANSYS had a net margin of 22.95% and a return on equity of 12.38%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.39 earnings per share. Analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ANSS shares. Wall Street Zen downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Robert W. Baird set a $396.00 price objective on shares of ANSYS in a research report on Monday, July 14th. Finally, Baird R W downgraded ANSYS from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 14th.

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.