Raymond James Financial Inc. Buys Shares of 30,854 ANSYS, Inc. (NASDAQ:ANSS)

Raymond James Financial Inc. purchased a new position in ANSYS, Inc. (NASDAQ:ANSS) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 30,854 shares of the software maker’s stock, valued at approximately $10,408,000.

A number of other institutional investors have also made changes to their positions in ANSS. Ameliora Wealth Management Ltd. acquired a new position in ANSYS in the fourth quarter valued at about $27,000. Assetmark Inc. raised its position in shares of ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after acquiring an additional 103 shares during the period. SBI Securities Co. Ltd. bought a new position in ANSYS during the 4th quarter worth approximately $47,000. Allworth Financial LP grew its holdings in ANSYS by 33.7% during the fourth 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 period. Finally, Brooklyn Investment Group bought a new stake in ANSYS in the third quarter valued at approximately $119,000. 92.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ANSS shares. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Rosenblatt Securities raised their price objective on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st.

ANSYS Stock Performance

Shares of ANSS stock opened at $324.63 on Friday. 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, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The company’s 50 day moving average price is $337.38 and its two-hundred day moving average price is $333.64. The company has a market capitalization of $28.45 billion, a P/E ratio of 49.56, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). The company had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. On average, analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.46% of the company’s stock.

ANSYS Company 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.