ANSYS, Inc. (NASDAQ:ANSS) Stock Position Lifted by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. lifted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 5.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,463 shares of the software maker’s stock after purchasing an additional 175 shares during the period. SRS Capital Advisors Inc.’s holdings in ANSYS were worth $1,257,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ANSS. Verdence Capital Advisors LLC lifted its stake in ANSYS by 1.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 2,071 shares of the software maker’s stock valued at $752,000 after purchasing an additional 35 shares during the last quarter. Wealth Alliance boosted its stake in shares of ANSYS by 2.4% during the 4th quarter. Wealth Alliance now owns 1,523 shares of the software maker’s stock worth $553,000 after acquiring an additional 36 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of ANSYS by 18.1% during the 3rd quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock worth $72,000 after acquiring an additional 37 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in shares of ANSYS by 2.7% in the 3rd quarter. Perigon Wealth Management LLC now owns 1,544 shares of the software maker’s stock worth $459,000 after acquiring an additional 40 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in shares of ANSYS by 4.2% during the fourth quarter. Ballentine Partners LLC now owns 1,038 shares of the software maker’s stock worth $377,000 after purchasing an additional 42 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ANSS shares. Barclays increased their price target on ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research report on Thursday, February 22nd. StockNews.com assumed coverage on shares of ANSYS in a research report on Wednesday. They issued a “hold” rating on the stock. Mizuho cut their price target on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a report on Wednesday, January 17th. Wolfe Research reaffirmed a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $345.00 target price on shares of ANSYS in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $320.00.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the transaction, the director now directly owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Stock Down 2.0 %

ANSS stock traded down $6.51 during midday trading on Thursday, reaching $314.97. The company had a trading volume of 746,473 shares, compared to its average volume of 672,382. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $27.50 billion, a P/E ratio of 54.80, a PEG ratio of 5.09 and a beta of 1.16. The company has a 50 day moving average of $336.51 and a two-hundred day moving average of $322.06.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The firm had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $549.85 million. During the same quarter last year, the firm earned $1.45 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, equities research analysts expect that ANSYS, Inc. will post 7.39 earnings per share for the current fiscal year.

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.