Captrust Financial Advisors Decreases Stake in ANSYS, Inc. (NASDAQ:ANSS)

Captrust Financial Advisors lessened its stake in ANSYS, Inc. (NASDAQ:ANSS) by 31.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,091 shares of the software maker’s stock after selling 1,859 shares during the quarter. Captrust Financial Advisors’ holdings in ANSYS were worth $1,380,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Cary Street Partners Financial LLC purchased a new position in ANSYS in the 4th quarter valued at approximately $598,000. Caxton Associates LP purchased a new stake in shares of ANSYS in the 4th quarter worth about $40,480,000. Banque Transatlantique SA purchased a new position in ANSYS during the 4th quarter valued at about $1,451,000. Banque de Luxembourg S.A. purchased a new position in ANSYS during the 4th quarter valued at about $60,000. Finally, Benjamin Edwards Inc. increased its holdings in ANSYS by 6.2% during the 4th quarter. Benjamin Edwards Inc. now owns 1,342 shares of the software maker’s stock valued at $453,000 after acquiring an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ANSS has been the subject of several recent research reports. Rosenblatt Securities raised their price target on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th.

ANSYS Stock Performance

ANSYS stock opened at $347.87 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03. The company has a market cap of $30.58 billion, a price-to-earnings ratio of 53.11, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. The stock’s 50-day moving average is $316.09 and its 200-day moving average is $332.16.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.11). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $504.89 million during the quarter, compared to analysts’ expectations of $516.81 million. During the same quarter in the previous year, the business posted $1.39 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the sale, the director now owns 3,230 shares of the company’s stock, valued at $969,032.30. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is owned by corporate insiders.

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.