Hills Bank & Trust Co Decreases Position in ANSYS, Inc. (NASDAQ:ANSS)

Hills Bank & Trust Co lessened its stake in ANSYS, Inc. (NASDAQ:ANSS) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,114 shares of the software maker’s stock after selling 114 shares during the quarter. Hills Bank & Trust Co’s holdings in ANSYS were worth $2,930,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Wedmont Private Capital boosted its stake in shares of ANSYS by 1.3% in the 1st quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock valued at $779,000 after purchasing an additional 30 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in ANSYS by 3.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock worth $311,000 after purchasing an additional 32 shares during the last quarter. Ieq Capital LLC boosted its position in ANSYS by 1.2% during the fourth quarter. Ieq Capital LLC now owns 2,853 shares of the software maker’s stock valued at $1,035,000 after buying an additional 34 shares during the period. Personal CFO Solutions LLC grew its stake in shares of ANSYS by 2.6% during the fourth quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock valued at $493,000 after buying an additional 34 shares during the last quarter. Finally, FineMark National Bank & Trust increased its holdings in shares of ANSYS by 4.9% in the fourth quarter. FineMark National Bank & Trust now owns 769 shares of the software maker’s stock worth $279,000 after buying an additional 36 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Insider Activity

In related news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $330.81, for a total value of $52,598.79. Following the sale, the director now directly owns 3,782 shares of the company’s stock, valued at $1,251,123.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ANSS has been the subject of several analyst reports. KeyCorp began coverage on ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating for the company. StockNews.com began coverage on shares of ANSYS in a research note on Wednesday. They issued a “hold” rating on the stock. Finally, Rosenblatt Securities dropped their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, ANSYS currently has a consensus rating of “Hold” and an average price target of $318.33.

ANSYS Trading Down 0.5 %

NASDAQ:ANSS traded down $1.78 during trading hours on Friday, hitting $323.45. The company had a trading volume of 291,415 shares, compared to its average volume of 568,834. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.80. The stock has a 50-day moving average price of $319.74 and a 200 day moving average price of $327.73. The company has a market capitalization of $28.24 billion, a PE ratio of 64.95, a price-to-earnings-growth ratio of 6.90 and a beta of 1.11. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The company had revenue of $594.14 million for the quarter, compared to analysts’ expectations of $550.30 million. During the same quarter in the previous year, the company earned $1.06 earnings per share. ANSYS’s quarterly revenue was up 19.6% on a year-over-year basis. On average, equities research analysts predict that ANSYS, Inc. will post 7.05 EPS for the current fiscal year.

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.