Glenview Trust co Takes Position in ANSYS, Inc. (NASDAQ:ANSS)

Glenview Trust co acquired a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 600 shares of the software maker’s stock, valued at approximately $202,000.

A number of other hedge funds have also recently made changes to their positions in the business. Gallacher Capital Management LLC acquired a new position in shares of ANSYS during the fourth quarter valued at about $211,000. Natixis Advisors LLC grew its holdings in shares of ANSYS by 9.7% during the fourth quarter. Natixis Advisors LLC now owns 76,976 shares of the software maker’s stock valued at $25,966,000 after buying an additional 6,832 shares during the last quarter. Frank Rimerman Advisors LLC boosted its holdings in ANSYS by 4.6% during the fourth quarter. Frank Rimerman Advisors LLC now owns 1,672 shares of the software maker’s stock worth $564,000 after purchasing an additional 74 shares during the last quarter. Postrock Partners LLC purchased a new position in ANSYS during the fourth quarter worth about $1,712,000. Finally, LBP AM SA boosted its holdings in ANSYS by 22.8% during the fourth quarter. LBP AM SA now owns 19,561 shares of the software maker’s stock worth $6,599,000 after purchasing an additional 3,635 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ANSYS

In other 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 sale, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.46% of the company’s stock.

ANSYS Stock Down 0.3 %

ANSS opened at $323.82 on Wednesday. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a market cap of $28.38 billion, a price-to-earnings ratio of 49.44, a PEG ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The company’s 50-day moving average price is $338.17 and its two-hundred day moving average price is $333.78.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ANSS. Rosenblatt Securities boosted their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a report on Friday, February 21st.

About ANSYS

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.