Congress Wealth Management LLC DE Purchases 432 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Congress Wealth Management LLC DE grew its position in ANSYS, Inc. (NASDAQ:ANSS) by 12.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,772 shares of the software maker’s stock after purchasing an additional 432 shares during the period. Congress Wealth Management LLC DE’s holdings in ANSYS were worth $1,272,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. purchased a new stake in ANSYS in the 4th quarter valued at about $27,000. Assetmark Inc. grew its holdings in shares of ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after acquiring an additional 103 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in shares of ANSYS during the fourth quarter valued at approximately $42,000. SBI Securities Co. Ltd. bought a new stake in ANSYS during the fourth quarter worth $47,000. Finally, Allworth Financial LP boosted its position in ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock worth $92,000 after purchasing an additional 65 shares during the last quarter. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Performance

Shares of ANSS opened at $322.09 on Friday. The stock’s fifty day moving average price is $335.78 and its two-hundred day moving average price is $334.11. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03. The firm has a market cap of $28.23 billion, a PE ratio of 49.17, a PEG ratio of 3.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01.

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

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the business’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 directly owns 3,430 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ANSS shares. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Rosenblatt Securities raised their price objective on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st.

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.