Edmond DE Rothschild Holding S.A. Trims Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Edmond DE Rothschild Holding S.A. lessened its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 8.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,100 shares of the software maker’s stock after selling 200 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in ANSYS were worth $384,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ANSS. Cullen Frost Bankers Inc. bought a new position in shares of ANSYS during the first quarter valued at approximately $28,000. Flagship Harbor Advisors LLC raised its holdings in ANSYS by 198.4% in the first quarter. Flagship Harbor Advisors LLC now owns 182 shares of the software maker’s stock worth $33,000 after purchasing an additional 121 shares in the last quarter. Glassman Wealth Services raised its holdings in ANSYS by 128.9% in the first quarter. Glassman Wealth Services now owns 206 shares of the software maker’s stock worth $38,000 after purchasing an additional 116 shares in the last quarter. Washington Trust Bank grew its stake in shares of ANSYS by 43.8% in the first quarter. Washington Trust Bank now owns 210 shares of the software maker’s stock worth $39,000 after acquiring an additional 64 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its stake in shares of ANSYS by 77.8% in the fourth quarter. AdvisorNet Financial Inc now owns 320 shares of the software maker’s stock worth $46,000 after acquiring an additional 140 shares during the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

ANSS traded up $3.29 on Monday, hitting $208.11. 473,800 shares of the company’s stock traded hands, compared to its average volume of 412,856. The firm has a 50 day simple moving average of $191.73. The company has a market capitalization of $17.57 billion, a price-to-earnings ratio of 39.94 and a beta of 1.41. ANSYS, Inc. has a one year low of $136.80 and a one year high of $211.63. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.03.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $319.91 million for the quarter, compared to the consensus estimate of $306.17 million. During the same quarter in the previous year, the company posted $1.22 EPS. The company’s revenue was up 12.9% compared to the same quarter last year. Equities analysts predict that ANSYS, Inc. will post 5.07 EPS for the current fiscal year.

ANSS has been the topic of a number of recent research reports. Zacks Investment Research cut ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. BidaskClub raised ANSYS from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Benchmark reissued a “buy” rating and issued a $210.00 target price (up from $203.00) on shares of ANSYS in a research note on Friday, May 3rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $221.00 price objective (up from $201.00) on shares of ANSYS in a research report on Friday, May 3rd. One equities 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 stock. The company has a consensus rating of “Buy” and a consensus price target of $193.75.

In related news, Director William R. Mcdermott sold 1,765 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $181.53, for a total transaction of $320,400.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alec D. Gallimore sold 638 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $185.78, for a total value of $118,527.64. 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. Company insiders own 1.11% of the company’s stock.

ANSYS Profile

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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