Parkside Financial Bank & Trust Has $354,000 Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Parkside Financial Bank & Trust trimmed its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 6.0% during the fourth quarter, Holdings Channel reports. The firm owned 1,048 shares of the software maker’s stock after selling 67 shares during the period. Parkside Financial Bank & Trust’s holdings in ANSYS were worth $354,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. acquired a new stake in ANSYS during the fourth quarter valued at approximately $27,000. Intact Investment Management Inc. acquired a new stake in ANSYS during the third quarter valued at approximately $70,000. Allworth Financial LP boosted its holdings in ANSYS by 33.7% during the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock valued at $92,000 after purchasing an additional 65 shares in the last quarter. Brooklyn Investment Group acquired a new stake in ANSYS during the third quarter valued at approximately $119,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in ANSYS during the third quarter valued at approximately $174,000. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Stock Up 0.9 %

Shares of ANSS opened at $333.25 on Friday. The company has a market capitalization of $29.21 billion, a P/E ratio of 50.88, a PEG ratio of 3.48 and a beta of 1.12. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The business’s 50 day simple moving average is $342.04 and its 200-day simple moving average is $333.60.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. As a group, sell-side analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares in the company, valued at $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.46% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Rosenblatt Securities boosted their target price on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Finally, Robert W. Baird boosted their target price on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

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.