2,448 Shares in ANSYS, Inc. (NASDAQ:ANSS) Acquired by Independence Financial Advisors LLC

Independence Financial Advisors LLC purchased a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,448 shares of the software maker’s stock, valued at approximately $775,000. ANSYS makes up 0.3% of Independence Financial Advisors LLC’s portfolio, making the stock its 25th largest position.

Several other large investors have also made changes to their positions in ANSS. NBC Securities Inc. acquired a new stake in ANSYS in the first quarter valued at approximately $31,000. Quarry LP boosted its position in ANSYS by 1,550.0% in the fourth quarter. Quarry LP now owns 99 shares of the software maker’s stock valued at $33,000 after buying an additional 93 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in ANSYS in the fourth quarter valued at approximately $43,000. Banque de Luxembourg S.A. acquired a new stake in ANSYS in the fourth quarter valued at approximately $60,000. Finally, Assetmark Inc. boosted its position in ANSYS by 130.4% in the first quarter. Assetmark Inc. now owns 288 shares of the software maker’s stock valued at $91,000 after buying an additional 163 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ANSS. Baird R W lowered shares of ANSYS from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 14th. Wall Street Zen lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird set a $396.00 target price on shares of ANSYS in a research report on Monday, July 14th.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $374.30 on Wednesday. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $395.49. The firm has a fifty day simple moving average of $353.26 and a 200 day simple moving average of $336.70. The company has a market capitalization of $32.91 billion, a PE ratio of 55.53, a P/E/G ratio of 4.08 and a beta of 1.19. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.11). ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The firm had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. During the same period in the prior year, the business earned $1.39 EPS. ANSYS’s quarterly revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

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.