WASHINGTON TRUST Co Sells 33 Shares of ANSYS, Inc. (NASDAQ:ANSS)

WASHINGTON TRUST Co trimmed its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,275 shares of the software maker’s stock after selling 33 shares during the period. WASHINGTON TRUST Co’s holdings in ANSYS were worth $463,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ANSS. CVA Family Office LLC bought a new stake in shares of ANSYS in the fourth quarter valued at about $28,000. Raleigh Capital Management Inc. raised its position in ANSYS by 135.7% in the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after purchasing an additional 57 shares in the last quarter. West Tower Group LLC acquired a new position in ANSYS in the second quarter worth about $31,000. KB Financial Partners LLC raised its position in ANSYS by 854.5% in the second quarter. KB Financial Partners LLC now owns 105 shares of the software maker’s stock worth $35,000 after purchasing an additional 94 shares in the last quarter. Finally, Gyon Technologies Capital Management LP acquired a new position in ANSYS in the fourth quarter worth about $37,000. 92.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 price objective on shares of ANSYS in a report on Tuesday, March 5th. Wolfe Research reaffirmed a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Mizuho dropped their price objective on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. Barclays raised their price objective on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Finally, StockNews.com initiated coverage on shares of ANSYS in a report on Friday, March 22nd. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ANSYS currently has a consensus rating of “Hold” and an average target price of $322.75.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, January 8th. The shares were sold at an average price of $345.68, for a total value of $69,136.00. Following the sale, the director now directly owns 3,199 shares in the company, valued at approximately $1,105,830.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.53% of the company’s stock.

ANSYS Trading Down 0.3 %

ANSS stock traded down $0.90 during midday trading on Thursday, reaching $347.03. The company’s stock had a trading volume of 134,921 shares, compared to its average volume of 788,649. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31. The stock has a market cap of $30.20 billion, a PE ratio of 60.57, a price-to-earnings-growth ratio of 5.42 and a beta of 1.16. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. The business’s 50-day simple moving average is $336.19 and its 200-day simple moving average is $316.18.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The firm had revenue of $805.10 million for the quarter, compared to analysts’ expectations of $797.49 million. During the same period last year, the firm earned $2.61 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, sell-side analysts expect that ANSYS, Inc. will post 7.48 EPS for the current 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.