Advisor Group Inc. Has $1.75 Million Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Advisor Group Inc. increased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 36.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,582 shares of the software maker’s stock after buying an additional 2,581 shares during the quarter. Advisor Group Inc.’s holdings in ANSYS were worth $1,749,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. RMB Capital Management LLC increased its holdings in ANSYS by 4.5% in the 4th quarter. RMB Capital Management LLC now owns 1,416 shares of the software maker’s stock worth $202,000 after buying an additional 61 shares during the period. BB&T Corp boosted its position in ANSYS by 0.3% in the 1st quarter. BB&T Corp now owns 23,929 shares of the software maker’s stock worth $4,372,000 after purchasing an additional 62 shares in the last quarter. Washington Trust Bank boosted its position in ANSYS by 43.8% in the 1st quarter. Washington Trust Bank now owns 210 shares of the software maker’s stock worth $39,000 after purchasing an additional 64 shares in the last quarter. Smithfield Trust Co. boosted its position in ANSYS by 11.0% in the 1st quarter. Smithfield Trust Co. now owns 645 shares of the software maker’s stock worth $118,000 after purchasing an additional 64 shares in the last quarter. Finally, Greenleaf Trust lifted its position in shares of ANSYS by 1.1% during the 1st quarter. Greenleaf Trust now owns 6,593 shares of the software maker’s stock valued at $1,205,000 after buying an additional 69 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on the company. Wedbush reiterated an “outperform” rating and set a $221.00 target price (up previously from $201.00) on shares of ANSYS in a research report on Friday, May 3rd. Benchmark reaffirmed a “buy” rating and issued a $210.00 target price (up from $203.00) on shares of ANSYS in a research report on Friday, May 3rd. BidaskClub cut ANSYS from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 12th. Zacks Investment Research raised ANSYS from a “hold” rating to a “strong-buy” rating and set a $223.00 price target on the stock in a research report on Tuesday, April 30th. Finally, Evercore ISI reiterated a “hold” rating and set a $155.00 target price on shares of ANSYS in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $193.75.

In other news, Director William R. Mcdermott sold 1,765 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $181.53, for a total value of $320,400.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Matthew C. Zack sold 1,116 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $194.80, for a total value of $217,396.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,519 shares of company stock valued at $656,325. Insiders own 1.11% of the company’s stock.

Shares of NASDAQ:ANSS traded up $3.29 on Monday, hitting $208.11. The company had a trading volume of 473,800 shares, compared to its average volume of 412,856. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.11 and a current ratio of 2.11. ANSYS, Inc. has a 52-week low of $136.80 and a 52-week high of $211.63. The business has a 50 day moving average of $190.87. The firm has a market capitalization of $17.57 billion, a P/E ratio of 39.94 and a beta of 1.41.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, May 1st. The software maker reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.11. ANSYS had a return on equity of 17.08% and a net margin of 31.73%. The firm had revenue of $319.91 million for the quarter, compared to the consensus estimate of $306.17 million. During the same period in the prior year, the business posted $1.22 earnings per share. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, research analysts predict that ANSYS, Inc. will post 5.07 EPS for the current fiscal year.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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