BB&T Securities raised its position in ANSYS, Inc. (NASDAQ:ANSS) by 30.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,605 shares of the company’s stock after buying an additional 2,970 shares during the period. BB&T Securities’ holdings in ANSYS were worth $1,165,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ANSS. Atria Investments raised its position in ANSYS by 18.4% in the fourth quarter. Atria Investments now owns 3,419 shares of the company’s stock worth $292,000 after buying an additional 532 shares during the period. Raymond James Trust increased its stake in shares of ANSYS by 32.4% in the fourth quarter. Raymond James Trust now owns 3,289 shares of the company’s stock worth $305,000 after buying an additional 804 shares in the last quarter. CUE Financial Group increased its stake in shares of ANSYS by 12.5% in the fourth quarter. CUE Financial Group now owns 16,203 shares of the company’s stock worth $1,499,000 after buying an additional 1,805 shares in the last quarter. Telemus Capital increased its stake in shares of ANSYS by 15.0% in the fourth quarter. Telemus Capital now owns 24,973 shares of the company’s stock worth $2,310,000 after buying an additional 3,255 shares in the last quarter. Finally, MUFG Americas increased its stake in shares of ANSYS by 11.1% in the third quarter. MUFG Americas now owns 30,514 shares of the company’s stock worth $2,689,000 after buying an additional 3,039 shares in the last quarter.

Shares of ANSYS, Inc. (NASDAQ:ANSS) opened at 86.57 on Wednesday. The firm has a market cap of $7.70 billion and a P/E ratio of 31.46. The company has a 50-day moving average of $89.16 and a 200 day moving average of $91.41. ANSYS, Inc. has a 12-month low of $79.11 and a 12-month high of $98.39.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. The business earned $237.80 million during the quarter, compared to analysts’ expectations of $238.08 million. During the same period last year, the company earned $0.89 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities research analysts anticipate that ANSYS, Inc. will post $3.39 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on ANSS shares. Zacks Investment Research downgraded shares of ANSYS from a “hold” rating to a “sell” rating in a report on Tuesday, November 17th. KeyBanc started coverage on shares of ANSYS in a report on Thursday, October 8th. They set a “sector weight” rating for the company. Pacific Crest started coverage on shares of ANSYS in a report on Thursday, October 8th. They set an “equal weight” rating for the company. Finally, Wedbush cut their price target on shares of ANSYS from $100.00 to $98.00 and set an “outperform” rating for the company in a report on Friday, November 6th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $94.50.

ANSYS, Inc. (NASDAQ:ANSS) develops and markets engineering simulation software and services. The Company offers the suite to engineers, designers, researchers and students, and for industries and academia, including aerospace, automotive, manufacturing, electronics, biomedical, energy and defense. The Company’s product portfolio consists of ANSYS Workbench, Structures, Fluids, Electronics, Systems and Academic. ANSYS Workbench is the framework upon which the Company’s suite of engineering simulation technologies is built. The structures product suite offers simulation tools for product design and optimization. The fluids product suite enables modeling of fluid flow. The Company’s system simulation capability is to design automated products. The academic product suite provides a portfolio of academic products-based on usage tiers, such as associate, research and teaching.

12 Month Chart for NASDAQ:ANSS

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