30,854 Shares in ANSYS, Inc. (NASDAQ:ANSS) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in ANSYS, Inc. (NASDAQ:ANSS) during the 4th quarter, Holdings Channel reports. The firm purchased 30,854 shares of the software maker’s stock, valued at approximately $10,408,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new stake in shares of ANSYS in the third quarter valued at about $451,000. OneDigital Investment Advisors LLC grew its stake in ANSYS by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock valued at $409,000 after purchasing an additional 37 shares in the last quarter. Empowered Funds LLC increased its position in shares of ANSYS by 23.3% during the 3rd quarter. Empowered Funds LLC now owns 1,467 shares of the software maker’s stock worth $467,000 after purchasing an additional 277 shares during the last quarter. MAI Capital Management bought a new stake in shares of ANSYS during the 3rd quarter worth approximately $476,000. Finally, Pathstone Holdings LLC boosted its holdings in shares of ANSYS by 0.5% in the 3rd quarter. Pathstone Holdings LLC now owns 14,677 shares of the software maker’s stock valued at $4,677,000 after buying an additional 79 shares during the last quarter. 92.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

ANSS has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Rosenblatt Securities boosted their price objective on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st.

ANSYS Stock Performance

Shares of NASDAQ ANSS opened at $324.63 on Friday. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $28.45 billion, a P/E ratio of 49.56, a P/E/G ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The stock has a 50 day moving average of $337.38 and a 200-day moving average of $333.64.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The company had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. As a group, equities research analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the sale, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.46% of the stock is currently owned by insiders.

ANSYS Company 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.