Argent Trust Co Buys 218 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Argent Trust Co raised its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 17.4% in the second quarter, HoldingsChannel reports. The fund owned 1,468 shares of the software maker’s stock after acquiring an additional 218 shares during the period. Argent Trust Co’s holdings in ANSYS were worth $472,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wedmont Private Capital boosted its stake in ANSYS by 1.3% in the 1st quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock valued at $779,000 after purchasing an additional 30 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of ANSYS by 3.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock valued at $311,000 after acquiring an additional 32 shares in the last quarter. Personal CFO Solutions LLC increased its position in ANSYS by 2.6% during the fourth quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock worth $493,000 after acquiring an additional 34 shares during the period. FineMark National Bank & Trust raised its stake in ANSYS by 4.9% in the 4th quarter. FineMark National Bank & Trust now owns 769 shares of the software maker’s stock worth $279,000 after purchasing an additional 36 shares in the last quarter. Finally, Wasatch Advisors LP boosted its holdings in ANSYS by 1.8% in the 1st quarter. Wasatch Advisors LP now owns 2,082 shares of the software maker’s stock valued at $723,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. StockNews.com assumed coverage on ANSYS in a research report on Saturday, September 14th. They set a “hold” rating on the stock. Rosenblatt Securities decreased their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Finally, KeyCorp initiated coverage on shares of ANSYS in a research report on Thursday, June 27th. They set a “sector weight” rating for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, ANSYS currently has a consensus rating of “Hold” and an average price target of $318.33.

ANSYS Price Performance

Shares of ANSS stock opened at $322.29 on Friday. The business has a fifty day simple moving average of $315.90 and a 200 day simple moving average of $325.26. The company has a market cap of $28.14 billion, a P/E ratio of 64.72, a P/E/G ratio of 6.80 and a beta of 1.12. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31.

ANSYS (NASDAQ:ANSS) last posted its 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 firm had revenue of $594.14 million during the quarter, compared to analysts’ expectations of $550.30 million. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.06 earnings per share. On average, sell-side analysts forecast that ANSYS, Inc. will post 7.32 EPS for the current fiscal year.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 159 shares of the business’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 sale, the director now owns 3,782 shares in the company, valued at approximately $1,251,123.42. 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 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.