Crossmark Global Holdings Inc. Boosts Position in ANSYS, Inc. (NASDAQ:ANSS)

Crossmark Global Holdings Inc. boosted its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 5.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,111 shares of the software maker’s stock after buying an additional 327 shares during the period. Crossmark Global Holdings Inc.’s holdings in ANSYS were worth $1,964,000 as of its most recent SEC filing.

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

ANSYS Price Performance

NASDAQ:ANSS traded up $1.43 during trading hours on Friday, hitting $321.42. The company’s stock had a trading volume of 953,396 shares, compared to its average volume of 563,726. The business’s 50-day moving average is $319.06 and its two-hundred day moving average is $327.14. The company has a market capitalization of $28.06 billion, a PE ratio of 64.54, a PEG ratio of 6.90 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.80 and a current ratio of 2.95. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping 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 return on equity of 11.51% and a net margin of 21.30%. ANSYS’s revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.06 earnings per share. As a group, research analysts anticipate that ANSYS, Inc. will post 7.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at ANSYS

In other ANSYS 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 owns 3,782 shares of the company’s stock, valued at $1,251,123.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by corporate 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.