Wealthspire Advisors LLC Has $427,000 Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Wealthspire Advisors LLC lessened its stake in ANSYS, Inc. (NASDAQ:ANSS) by 8.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,265 shares of the software maker’s stock after selling 111 shares during the quarter. Wealthspire Advisors LLC’s holdings in ANSYS were worth $427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ANSS. Ameliora Wealth Management Ltd. acquired a new position in shares of ANSYS in the fourth quarter valued at approximately $27,000. Intact Investment Management Inc. acquired a new position in shares of ANSYS in the third quarter valued at approximately $70,000. Allworth Financial LP boosted its holdings in shares of ANSYS by 33.7% in the fourth 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. Brooklyn Investment Group bought a new stake in shares of ANSYS in the third quarter worth $119,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of ANSYS in the third quarter worth $174,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, the director now directly owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

NASDAQ ANSS opened at $332.32 on Thursday. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average price is $342.23 and its two-hundred day moving average price is $333.49. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03. The firm has a market capitalization of $29.13 billion, a P/E ratio of 50.74, a price-to-earnings-growth ratio of 3.48 and a beta of 1.12.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) 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 firm had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. As a group, research analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

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.