WMS Partners LLC Trims Stock Position in ANSYS, Inc. (NASDAQ:ANSS)
WMS Partners LLC lessened its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 4.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,815 shares of the software maker’s stock after selling 117 shares during the quarter. WMS Partners LLC’s holdings in ANSYS were worth $654,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of ANSYS by 5.5% during the first quarter. BlackRock Inc. now owns 7,498,456 shares of the software maker’s stock valued at $1,743,164,000 after purchasing an additional 387,554 shares in the last quarter. State Street Corp grew its holdings in ANSYS by 2.0% during the fourth quarter. State Street Corp now owns 3,607,838 shares of the software maker’s stock worth $928,694,000 after acquiring an additional 70,126 shares during the period. Geode Capital Management LLC grew its holdings in ANSYS by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 1,536,227 shares of the software maker’s stock worth $394,739,000 after acquiring an additional 87,464 shares during the period. Bank of New York Mellon Corp grew its holdings in ANSYS by 4.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,208,379 shares of the software maker’s stock worth $311,050,000 after acquiring an additional 51,091 shares during the period. Finally, Pictet Asset Management Ltd. increased its stake in ANSYS by 0.6% in the 4th quarter. Pictet Asset Management Ltd. now owns 1,062,415 shares of the software maker’s stock worth $273,476,000 after purchasing an additional 5,881 shares in the last quarter. Institutional investors and hedge funds own 92.18% of the company’s stock.
A number of equities analysts recently weighed in on the company. Royal Bank of Canada lifted their price target on ANSYS from $230.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Citigroup cut ANSYS from a “buy” rating to a “neutral” rating and set a $300.00 price target on the stock. in a research note on Friday, February 7th. Needham & Company LLC reissued a “hold” rating on shares of ANSYS in a research note on Thursday, May 7th. Robert W. Baird dropped their price target on ANSYS from $323.00 to $305.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. Finally, Wedbush lifted their target price on ANSYS from $280.00 to $308.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $256.10.
ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, May 6th. The software maker reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.03. ANSYS had a return on equity of 13.73% and a net margin of 27.34%. The firm had revenue of $308.90 million during the quarter, compared to analyst estimates of $309.20 million. During the same period in the previous year, the company earned $1.29 EPS. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, equities research analysts expect that ANSYS, Inc. will post 4.77 EPS for the current fiscal year.
In other news, VP Janet Lee sold 1,147 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $250.00, for a total transaction of $286,750.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Richard S. Mahoney sold 3,467 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $238.44, for a total value of $826,671.48. Following the sale, the vice president now owns 46,937 shares in the company, valued at $11,191,658.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,379 shares of company stock valued at $2,497,740. Corporate insiders own 0.58% of the company’s stock.
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
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