ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. raised its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 13.5% in the first quarter, Holdings Channel.com reports. The fund owned 2,317 shares of the software maker’s stock after acquiring an additional 275 shares during the period. First Trust Direct Indexing L.P.’s holdings in ANSYS were worth $804,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the stock in a transaction that occurred 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 transaction, the director now owns 3,049 shares in the company, valued at $1,043,001.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.46% of the company’s stock.

ANSYS Trading Up 1.3 %

NASDAQ:ANSS opened at $331.25 on Friday. The stock’s 50 day moving average price is $324.79 and its 200 day moving average price is $333.51. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31. The company has a market capitalization of $28.92 billion, a P/E ratio of 66.52, a P/E/G ratio of 7.28 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.80 and a current ratio of 2.80.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The firm had revenue of $466.60 million during the quarter, compared to analyst estimates of $549.85 million. During the same quarter in the prior year, the company posted $1.45 EPS. The company’s quarterly revenue was down 8.4% on a year-over-year basis. On average, research analysts forecast that ANSYS, Inc. will post 7.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ANSS has been the topic of a number of research reports. KeyCorp initiated coverage on ANSYS in a report on Thursday, June 27th. They issued a “sector weight” rating on the stock. Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a report on Friday, May 3rd. Finally, StockNews.com initiated coverage on ANSYS in a report on Thursday. They issued a “hold” rating on the stock. Two 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $320.00.

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.