Blue Trust Inc. Acquires 285 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Blue Trust Inc. grew its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 14.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,246 shares of the software maker’s stock after purchasing an additional 285 shares during the quarter. Blue Trust Inc.’s holdings in ANSYS were worth $711,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP raised its holdings in ANSYS by 1,550.0% during the 4th quarter. Quarry LP now owns 99 shares of the software maker’s stock worth $33,000 after buying an additional 93 shares during the period. NBC Securities Inc. acquired a new stake in ANSYS during the 1st quarter worth approximately $31,000. Assetmark Inc. raised its holdings in ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after buying an additional 103 shares during the period. Millstone Evans Group LLC acquired a new stake in shares of ANSYS in the fourth quarter valued at approximately $42,000. Finally, Kapitalo Investimentos Ltda acquired a new position in ANSYS during the fourth quarter worth $43,000. Institutional investors own 92.39% of the company’s stock.

ANSYS Trading Down 0.4%

Shares of ANSYS stock opened at $334.96 on Friday. The firm has a 50-day moving average of $330.41 and a 200-day moving average of $332.10. The stock has a market cap of $29.45 billion, a PE ratio of 49.70, a PEG ratio of 3.46 and a beta of 1.19. ANSYS, Inc. has a 52-week low of $275.06 and a 52-week high of $363.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.66 and a current ratio of 3.66.

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

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Rosenblatt Securities boosted their target price on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the transaction, the director now owns 3,230 shares of the company’s stock, valued at approximately $969,032.30. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.61% of the company’s stock.

ANSYS 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.