Buffington Mohr McNeal Has $798,000 Position in ANSYS, Inc. (NASDAQ:ANSS)

Buffington Mohr McNeal increased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 187.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 2,300 shares of the software maker’s stock after acquiring an additional 1,500 shares during the quarter. Buffington Mohr McNeal’s holdings in ANSYS were worth $798,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. CVA Family Office LLC acquired a new position in shares of ANSYS during the fourth quarter worth $28,000. Raleigh Capital Management Inc. raised its position in ANSYS by 135.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after purchasing an additional 57 shares during the last quarter. Quest Partners LLC acquired a new position in ANSYS during the 4th quarter worth about $29,000. DSM Capital Partners LLC bought a new stake in shares of ANSYS in the 4th quarter valued at about $34,000. Finally, Core Wealth Advisors Inc. acquired a new stake in shares of ANSYS in the fourth quarter valued at about $40,000. 92.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a report on Friday, May 3rd. StockNews.com assumed coverage on shares of ANSYS in a research report on Wednesday, June 26th. They set a “hold” rating for the company. Finally, KeyCorp initiated coverage on shares of ANSYS in a research note on Thursday, June 27th. They set a “sector weight” rating for the company. Two equities research 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. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $320.00.

ANSYS Stock Up 1.8 %

Shares of ANSYS stock traded up $5.94 during trading on Tuesday, reaching $327.10. 364,902 shares of the company traded hands, compared to its average volume of 622,876. The firm has a market capitalization of $28.56 billion, a PE ratio of 65.68, a P/E/G ratio of 7.16 and a beta of 1.11. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The company has a 50 day moving average price of $324.85 and a 200-day moving average price of $333.14. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.80.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.54). The company had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. ANSYS’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 EPS. As a group, equities research analysts expect that ANSYS, Inc. will post 7.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related 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 value of $51,312.00. Following the completion of the sale, the director now 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 SEC, which is accessible through the SEC website. Corporate 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.