First Bank & Trust Sells 226 Shares of ANSYS, Inc. (ANSS)

First Bank & Trust decreased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 59.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151 shares of the software maker’s stock after selling 226 shares during the period. First Bank & Trust’s holdings in ANSYS were worth $28,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. RMB Capital Management LLC boosted its position in shares of ANSYS by 4.5% during the 4th quarter. RMB Capital Management LLC now owns 1,416 shares of the software maker’s stock worth $202,000 after acquiring an additional 61 shares in the last quarter. Washington Trust Bank boosted its position in shares of ANSYS by 43.8% during the 1st quarter. Washington Trust Bank now owns 210 shares of the software maker’s stock worth $39,000 after acquiring an additional 64 shares in the last quarter. Private Capital Group LLC boosted its position in shares of ANSYS by 9.0% during the 4th quarter. Private Capital Group LLC now owns 791 shares of the software maker’s stock worth $113,000 after acquiring an additional 65 shares in the last quarter. Synovus Financial Corp boosted its position in shares of ANSYS by 1.4% during the 4th quarter. Synovus Financial Corp now owns 5,636 shares of the software maker’s stock worth $805,000 after acquiring an additional 78 shares in the last quarter. Finally, Creative Planning boosted its position in shares of ANSYS by 1.6% during the 4th quarter. Creative Planning now owns 5,167 shares of the software maker’s stock worth $739,000 after acquiring an additional 81 shares in the last quarter. Institutional investors and hedge funds own 94.16% of the company’s stock.

Several analysts recently issued reports on ANSS shares. Zacks Investment Research lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Stifel Nicolaus set a $185.00 price target on shares of ANSYS and gave the stock a “hold” rating in a research report on Thursday, February 28th. BidaskClub upgraded shares of ANSYS from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. Wedbush raised their target price on shares of ANSYS from $192.00 to $201.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Finally, KeyCorp began coverage on shares of ANSYS in a research report on Wednesday, April 10th. They issued a “sector weight” rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $182.31.

In other news, VP Richard S. Mahoney sold 2,041 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $174.15, for a total transaction of $355,440.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Thurk sold 3,500 shares of the firm’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $171.73, for a total transaction of $601,055.00. The disclosure for this sale can be found here. Insiders sold 61,060 shares of company stock worth $11,042,442 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Shares of ANSYS stock opened at $189.40 on Wednesday. ANSYS, Inc. has a fifty-two week low of $136.80 and a fifty-two week high of $190.50. The company has a market capitalization of $15.93 billion, a price-to-earnings ratio of 36.35 and a beta of 1.35.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 27th. The software maker reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.57. ANSYS had a net margin of 32.42% and a return on equity of 17.83%. The firm had revenue of $340.07 million for the quarter, compared to analyst estimates of $365.03 million. During the same quarter last year, the business posted $1.07 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Equities research analysts expect that ANSYS, Inc. will post 4.99 EPS for the current fiscal year.

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ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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