Amalgamated Bank Has $5.65 Million Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Amalgamated Bank lessened its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,762 shares of the software maker’s stock after selling 402 shares during the period. Amalgamated Bank’s holdings in ANSYS were worth $5,654,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ANSS. Crestwood Advisors Group LLC increased its position in shares of ANSYS by 8.9% in the fourth quarter. Crestwood Advisors Group LLC now owns 1,589 shares of the software maker’s stock worth $536,000 after acquiring an additional 130 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in ANSYS during the 4th quarter worth approximately $4,270,000. Howard Capital Management Inc. raised its stake in ANSYS by 2.9% during the 4th quarter. Howard Capital Management Inc. now owns 2,373 shares of the software maker’s stock valued at $800,000 after purchasing an additional 67 shares during the period. Olympiad Research LP lifted its holdings in shares of ANSYS by 67.5% in the fourth quarter. Olympiad Research LP now owns 3,690 shares of the software maker’s stock valued at $1,245,000 after purchasing an additional 1,487 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its position in shares of ANSYS by 15.2% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 24,359 shares of the software maker’s stock worth $8,217,000 after buying an additional 3,209 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $330.37 on Friday. The firm has a market cap of $28.96 billion, a price-to-earnings ratio of 50.44, a P/E/G ratio of 3.48 and a beta of 1.12. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03. 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 business has a fifty day simple moving average of $342.14 and a 200 day simple moving average of $333.46.

ANSYS (NASDAQ:ANSS) last posted its quarterly 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 firm had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. As a group, sell-side analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

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.