Ballentine Partners LLC Raises Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Ballentine Partners LLC increased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 24.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,565 shares of the software maker’s stock after acquiring an additional 303 shares during the period. Ballentine Partners LLC’s holdings in ANSYS were worth $495,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in ANSYS during the 1st quarter valued at approximately $31,000. Quarry LP raised its stake in ANSYS by 1,550.0% during the 4th quarter. Quarry LP now owns 99 shares of the software maker’s stock valued at $33,000 after purchasing an additional 93 shares during the period. Millstone Evans Group LLC bought a new stake in ANSYS during the 4th quarter valued at approximately $42,000. Kapitalo Investimentos Ltda bought a new stake in ANSYS during the 4th quarter valued at approximately $43,000. Finally, Banque de Luxembourg S.A. bought a new stake in ANSYS during the 4th quarter valued at approximately $60,000. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Performance

NASDAQ:ANSS opened at $385.85 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.66 and a quick ratio of 3.66. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year high of $395.49. The stock’s 50 day simple moving average is $345.03 and its two-hundred day simple moving average is $333.72. The company has a market cap of $33.92 billion, a price-to-earnings ratio of 57.25, a PEG ratio of 3.85 and a beta of 1.19.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $516.81 million. During the same period in the previous year, the firm earned $1.39 EPS. The business’s revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Robert W. Baird set a $396.00 target price on ANSYS in a research note on Monday. Wall Street Zen downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th.

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.