Wealthfront Advisers LLC Increases Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Wealthfront Advisers LLC increased its position in ANSYS, Inc. (NASDAQ:ANSS) by 125.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,510 shares of the software maker’s stock after acquiring an additional 14,729 shares during the period. Wealthfront Advisers LLC’s holdings in ANSYS were worth $8,943,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ANSS. Ameliora Wealth Management Ltd. bought a new position in shares of ANSYS during the 4th quarter valued at $27,000. Assetmark Inc. lifted its holdings in shares of ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after buying an additional 103 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of ANSYS during the 4th quarter valued at $47,000. Allworth Financial LP lifted its holdings in shares of ANSYS by 33.7% during the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock valued at $92,000 after buying an additional 65 shares during the period. Finally, Brooklyn Investment Group bought a new position in shares of ANSYS during the 3rd quarter valued at $119,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ANSS has been the topic of several research analyst reports. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Rosenblatt Securities increased their price target on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st.

ANSYS Price Performance

Shares of ANSYS stock opened at $317.49 on Thursday. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The stock’s fifty day moving average is $339.36 and its 200 day moving average is $333.58. The stock has a market cap of $27.83 billion, a P/E ratio of 48.47, a P/E/G ratio of 3.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The business had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. Sell-side analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction 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. This trade represents a 5.51 % decrease in their ownership of the stock. The sale 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 company 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.