Creative Planning Decreases Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Creative Planning lowered its position in ANSYS, Inc. (NASDAQ:ANSS) by 0.6% during the third quarter, HoldingsChannel.com reports. The fund owned 9,555 shares of the software maker’s stock after selling 61 shares during the quarter. Creative Planning’s holdings in ANSYS were worth $3,045,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ANSS. Bangor Savings Bank raised its stake in shares of ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after buying an additional 34 shares during the last quarter. Wasatch Advisors LP raised its stake in shares of ANSYS by 1.8% during the 1st quarter. Wasatch Advisors LP now owns 2,082 shares of the software maker’s stock worth $723,000 after buying an additional 36 shares during the last quarter. Gardner Lewis Asset Management L P increased its position in ANSYS by 1.9% during the 2nd quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock worth $699,000 after purchasing an additional 40 shares in the last quarter. Mission Wealth Management LP increased its position in ANSYS by 5.7% during the 1st quarter. Mission Wealth Management LP now owns 758 shares of the software maker’s stock worth $263,000 after purchasing an additional 41 shares in the last quarter. Finally, PFG Advisors increased its position in ANSYS by 0.4% during the 2nd quarter. PFG Advisors now owns 12,316 shares of the software maker’s stock worth $3,960,000 after purchasing an additional 46 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Stock Up 0.4 %

ANSS opened at $322.81 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 stock has a market capitalization of $28.18 billion, a price-to-earnings ratio of 64.82, a price-to-earnings-growth ratio of 6.99 and a beta of 1.11. The business has a 50-day moving average of $320.38 and a two-hundred day moving average of $321.99. ANSYS, Inc. has a 12 month low of $258.01 and a 12 month high of $364.31.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, beating the consensus estimate of $1.92 by $0.58. The company had revenue of $594.14 million during the quarter, compared to analysts’ expectations of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The firm’s revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.06 EPS. On average, research analysts expect that ANSYS, Inc. will post 7.32 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the transaction, the director now directly owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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.