ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC trimmed its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 84.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110 shares of the software maker’s stock after selling 597 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in ANSYS were worth $34,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Wedmont Private Capital increased its holdings in shares of 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 acquiring an additional 30 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in shares of ANSYS by 3.7% in the 1st 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 during the period. Personal CFO Solutions LLC increased its holdings in shares of ANSYS by 2.6% in the 4th quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock valued at $493,000 after acquiring an additional 34 shares during the period. Wasatch Advisors LP increased its holdings in shares of 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 acquiring an additional 36 shares during the period. Finally, Fulton Bank N.A. increased its holdings in shares of ANSYS by 3.8% in the 1st quarter. Fulton Bank N.A. now owns 1,091 shares of the software maker’s stock valued at $379,000 after acquiring an additional 40 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on ANSS shares. KeyCorp began coverage on shares of ANSYS in a report on Thursday, June 27th. They issued a “sector weight” rating on the stock. Rosenblatt Securities lowered their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Finally, StockNews.com began coverage on shares of ANSYS in a research report on Sunday, September 22nd. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $318.33.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $330.81, for a total transaction of $52,598.79. Following the sale, the director now directly owns 3,782 shares in the company, valued at approximately $1,251,123.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.46% of the company’s stock.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $325.15 on Friday. The firm has a market capitalization of $28.39 billion, a P/E ratio of 65.29, a PEG ratio of 6.89 and a beta of 1.12. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31. The company’s fifty day moving average is $315.85 and its two-hundred day moving average is $324.72. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, topping the consensus estimate of $1.92 by $0.58. The company 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%. The business’s revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.06 EPS. Analysts forecast that ANSYS, Inc. will post 7.32 EPS for the current fiscal year.

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.