Everpar Advisors LLC Purchases Shares of 5,260 ANSYS, Inc. (NASDAQ:ANSS)

Everpar Advisors LLC bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,260 shares of the software maker’s stock, valued at approximately $1,909,000. ANSYS accounts for about 0.9% of Everpar Advisors LLC’s investment portfolio, making the stock its 15th biggest position.

A number of other large investors have also recently made changes to their positions in ANSS. Commonwealth Equity Services LLC boosted its stake in ANSYS by 13.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,821 shares of the software maker’s stock valued at $1,732,000 after purchasing an additional 678 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of ANSYS by 57.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,132 shares of the software maker’s stock worth $932,000 after acquiring an additional 1,145 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of ANSYS by 87.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 19,384 shares of the software maker’s stock valued at $5,768,000 after purchasing an additional 9,030 shares during the last quarter. Forsta AP Fonden lifted its position in shares of ANSYS by 4.9% during the third quarter. Forsta AP Fonden now owns 19,100 shares of the software maker’s stock valued at $5,683,000 after purchasing an additional 900 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in shares of ANSYS by 18.1% during the third quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock valued at $72,000 after purchasing an additional 37 shares in the last quarter. 92.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ANSS has been the subject of several analyst reports. StockNews.com began coverage on shares of ANSYS in a research note on Wednesday, May 1st. They issued a “hold” rating for the company. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 price objective on shares of ANSYS in a report on Friday, May 3rd. Mizuho reduced their target price on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research note on Wednesday, January 17th. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Finally, Barclays lifted their price objective on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research note on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $320.00.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the sale, the director now directly owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

ANSYS Price Performance

NASDAQ:ANSS traded up $1.92 during trading hours on Wednesday, hitting $326.96. The stock had a trading volume of 180,229 shares, compared to its average volume of 663,795. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31. The company has a 50 day simple moving average of $335.06 and a two-hundred day simple moving average of $323.12. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.80. The firm has a market capitalization of $28.54 billion, a price-to-earnings ratio of 65.65, a P/E/G ratio of 5.01 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). The business had revenue of $466.60 million for the quarter, compared to the consensus estimate of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 EPS. Research analysts forecast 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.