Exencial Wealth Advisors LLC Trims Stake in ANSYS, Inc. (NASDAQ:ANSS)

Exencial Wealth Advisors LLC lessened its stake in ANSYS, Inc. (NASDAQ:ANSS) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,265 shares of the software maker’s stock after selling 1,322 shares during the period. Exencial Wealth Advisors LLC owned about 0.06% of ANSYS worth $16,619,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ameliora Wealth Management Ltd. purchased a new position in shares of ANSYS in the 4th quarter valued at about $27,000. SBI Securities Co. Ltd. purchased a new stake in shares of ANSYS in the fourth quarter valued at approximately $47,000. Intact Investment Management Inc. acquired a new position in shares of ANSYS during the 3rd quarter worth approximately $70,000. Allworth Financial LP lifted its position 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 in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in ANSYS in the 3rd quarter valued at $119,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Price Performance

ANSYS stock opened at $325.44 on Tuesday. The company has a fifty day simple moving average of $341.76 and a 200-day simple moving average of $333.82. The firm has a market capitalization of $28.53 billion, a price-to-earnings ratio of 49.69, a PEG ratio of 3.48 and a beta of 1.12. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data 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 net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. On average, equities analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ANSS. Rosenblatt Securities upped 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. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Robert W. Baird lifted their price objective on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

Insider Activity at ANSYS

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

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.