IndexIQ Advisors LLC Trims Position in ANSYS, Inc. (NASDAQ:ANSS)

IndexIQ Advisors LLC cut its holdings in shares of ANSYS, Inc. (NASDAQ:ANSSGet Rating) by 85.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,512 shares of the software maker’s stock after selling 8,540 shares during the quarter. IndexIQ Advisors LLC’s holdings in ANSYS were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ANSS. Emerald Advisers LLC purchased a new position in ANSYS during the 4th quarter worth approximately $26,000. Fieldpoint Private Securities LLC raised its position in ANSYS by 167.6% during the 1st quarter. Fieldpoint Private Securities LLC now owns 91 shares of the software maker’s stock worth $29,000 after buying an additional 57 shares during the last quarter. JFS Wealth Advisors LLC purchased a new position in ANSYS during the 4th quarter worth approximately $43,000. Ellevest Inc. increased its holdings in shares of ANSYS by 43.8% during the 1st quarter. Ellevest Inc. now owns 161 shares of the software maker’s stock valued at $51,000 after purchasing an additional 49 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of ANSYS by 254.3% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 163 shares of the software maker’s stock valued at $65,000 after purchasing an additional 117 shares in the last quarter. 89.93% of the stock is owned by hedge funds and other institutional investors.

ANSYS Trading Down 2.4 %

Shares of ANSS opened at $285.48 on Friday. ANSYS, Inc. has a 52-week low of $225.92 and a 52-week high of $413.89. The company has a quick ratio of 2.28, a current ratio of 2.12 and a debt-to-equity ratio of 0.17. The firm’s fifty day moving average is $251.90 and its two-hundred day moving average is $282.61. The stock has a market cap of $24.86 billion, a PE ratio of 54.79, a price-to-earnings-growth ratio of 5.77 and a beta of 1.29.

ANSYS (NASDAQ:ANSSGet Rating) last announced its earnings results on Wednesday, August 3rd. The software maker reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.16. ANSYS had a net margin of 22.96% and a return on equity of 11.98%. During the same quarter in the previous year, the firm posted $1.38 EPS. Research analysts forecast that ANSYS, Inc. will post 6.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ANSS shares. Oppenheimer reaffirmed an “initiates” rating on shares of ANSYS in a report on Wednesday, July 27th. Citigroup cut their target price on shares of ANSYS from $304.00 to $274.00 in a report on Thursday, July 21st. Mizuho cut their target price on shares of ANSYS from $285.00 to $265.00 and set a “neutral” rating for the company in a report on Tuesday, July 19th. Barclays lifted their target price on shares of ANSYS from $245.00 to $250.00 and gave the company an “underweight” rating in a report on Friday. Finally, Rosenblatt Securities cut their target price on shares of ANSYS from $315.00 to $285.00 and set a “neutral” rating for the company in a report on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $287.45.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 800 shares of ANSYS stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $256.18, for a total transaction of $204,944.00. Following the sale, the director now owns 4,041 shares of the company’s stock, valued at approximately $1,035,223.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.63% of the stock is currently owned by corporate insiders.

ANSYS Company Profile

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ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.

Further Reading

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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