Benjamin Edwards Inc. Sells 125 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Benjamin Edwards Inc. lessened its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 25.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 375 shares of the software maker’s stock after selling 125 shares during the period. Benjamin Edwards Inc.’s holdings in ANSYS were worth $121,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. increased its position in shares of ANSYS by 7.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 965 shares of the software maker’s stock worth $310,000 after purchasing an additional 68 shares during the last quarter. Inspire Investing LLC increased its holdings in ANSYS by 2.7% during the second quarter. Inspire Investing LLC now owns 10,529 shares of the software maker’s stock worth $3,385,000 after buying an additional 274 shares during the last quarter. MQS Management LLC bought a new stake in ANSYS during the second quarter worth $457,000. Gardner Lewis Asset Management L P lifted its stake in ANSYS by 1.9% in the second quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock valued at $699,000 after acquiring an additional 40 shares during the last quarter. Finally, CCLA Investment Management grew its position in shares of ANSYS by 1.1% in the 2nd quarter. CCLA Investment Management now owns 398,560 shares of the software maker’s stock valued at $128,081,000 after acquiring an additional 4,200 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ANSS. Rosenblatt Securities dropped their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. StockNews.com initiated coverage on ANSYS in a research report on Sunday. They issued a “hold” rating for the company. Finally, KeyCorp began coverage on ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $318.33.

ANSYS Stock Performance

Shares of NASDAQ ANSS opened at $320.25 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95. The firm has a market cap of $27.96 billion, a price-to-earnings ratio of 64.31, a P/E/G ratio of 6.80 and a beta of 1.12. The stock’s fifty day moving average price is $315.72 and its two-hundred day moving average price is $325.09. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.58. The business had revenue of $594.14 million for the quarter, compared to analyst estimates of $550.30 million. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. ANSYS’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period last year, the firm earned $1.06 earnings per share. On average, equities analysts forecast that ANSYS, Inc. will post 7.32 EPS for the current year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $330.81, for a total transaction of $52,598.79. Following the transaction, the director now owns 3,782 shares in the company, valued at approximately $1,251,123.42. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

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.