Eagle Bay Advisors LLC Sells 54 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Eagle Bay Advisors LLC lowered its position in ANSYS, Inc. (NASDAQ:ANSS) by 11.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 422 shares of the software maker’s stock after selling 54 shares during the period. Eagle Bay Advisors LLC’s holdings in ANSYS were worth $134,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ANSS. Cetera Investment Advisers lifted its holdings in shares of ANSYS by 392.9% during the 1st quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker’s stock valued at $4,427,000 after purchasing an additional 10,164 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of ANSYS by 33.7% during the first quarter. Russell Investments Group Ltd. now owns 135,821 shares of the software maker’s stock worth $47,157,000 after purchasing an additional 34,244 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in ANSYS by 3.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 110,991 shares of the software maker’s stock worth $38,499,000 after purchasing an additional 3,413 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of ANSYS by 3.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 100,816 shares of the software maker’s stock valued at $33,552,000 after acquiring an additional 3,611 shares during the last quarter. Finally, Illinois Municipal Retirement Fund increased its stake in ANSYS by 594.3% during the first quarter. Illinois Municipal Retirement Fund now owns 24,850 shares of the software maker’s stock worth $8,627,000 after acquiring an additional 21,271 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Stock Performance

ANSS stock traded down $1.69 on Wednesday, reaching $323.96. 54,980 shares of the company were exchanged, compared to its average volume of 527,270. The stock’s fifty day moving average price is $320.46 and its 200 day moving average price is $322.15. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95. ANSYS, Inc. has a 12 month low of $258.01 and a 12 month high of $364.31. The firm has a market capitalization of $28.28 billion, a PE ratio of 65.39, a PEG ratio of 6.99 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.58. The firm had revenue of $594.14 million during the quarter, compared to analysts’ expectations of $550.30 million. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The company’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 EPS. On average, research analysts anticipate that ANSYS, Inc. will post 7.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ANSS shares. KeyCorp began coverage on shares of ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating for the company. StockNews.com started coverage on ANSYS in a research note on Sunday, September 22nd. They issued a “hold” rating on the stock. Finally, Rosenblatt Securities dropped their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ANSYS has an average rating of “Hold” and a consensus price target of $318.33.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the transaction, the director now directly owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.46% 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.