Fulton Bank N.A. Has $379,000 Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Fulton Bank N.A. raised its position in ANSYS, Inc. (NASDAQ:ANSS) by 3.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,091 shares of the software maker’s stock after acquiring an additional 40 shares during the period. Fulton Bank N.A.’s holdings in ANSYS were worth $379,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Treasurer of the State of North Carolina grew its holdings in shares of ANSYS by 11.1% in the 4th quarter. Treasurer of the State of North Carolina now owns 50,703 shares of the software maker’s stock valued at $18,399,000 after acquiring an additional 5,055 shares in the last quarter. Evoke Wealth LLC bought a new position in ANSYS in the fourth quarter valued at approximately $3,032,000. Ninety One North America Inc. increased its position in shares of ANSYS by 49.3% during the 4th quarter. Ninety One North America Inc. now owns 29,863 shares of the software maker’s stock worth $10,837,000 after purchasing an additional 9,863 shares during the last quarter. Sei Investments Co. increased its position in shares of ANSYS by 18.6% during the 4th quarter. Sei Investments Co. now owns 423,106 shares of the software maker’s stock worth $153,537,000 after purchasing an additional 66,338 shares during the last quarter. Finally, Thematics Asset Management raised its stake in shares of ANSYS by 25.0% during the 4th quarter. Thematics Asset Management now owns 90,898 shares of the software maker’s stock worth $32,985,000 after purchasing an additional 18,173 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ANSS has been the subject of several analyst reports. Rosenblatt Securities reissued a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research note on Friday, May 3rd. StockNews.com initiated coverage on shares of ANSYS in a research note on Tuesday. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $320.00.

ANSYS Stock Performance

NASDAQ ANSS opened at $325.35 on Friday. The stock has a market cap of $28.40 billion, a PE ratio of 65.33, a P/E/G ratio of 7.13 and a beta of 1.14. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.80 and a current ratio of 2.80. The firm has a 50-day moving average of $325.27 and a 200-day moving average of $331.17. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). The company had revenue of $466.60 million during the quarter, compared to analyst estimates of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.45 earnings per share. On average, sell-side analysts anticipate that ANSYS, Inc. will post 7.16 EPS for the current year.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the sale, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.46% of the company’s stock.

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.