Mutual Advisors LLC Lowers Position in ANSYS, Inc. (NASDAQ:ANSS)

Mutual Advisors LLC cut its holdings in shares of ANSYS, Inc. (NASDAQ:ANSSFree Report) by 48.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 627 shares of the software maker’s stock after selling 586 shares during the quarter. Mutual Advisors LLC’s holdings in ANSYS were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Empirical Asset Management LLC purchased a new position in shares of ANSYS during the 4th quarter worth $864,000. Cyndeo Wealth Partners LLC purchased a new position in shares of ANSYS during the 4th quarter worth $221,000. 17 Capital Partners LLC purchased a new position in shares of ANSYS during the 4th quarter worth $1,879,000. Gateway Investment Advisers LLC grew its holdings in shares of ANSYS by 30.7% during the 4th quarter. Gateway Investment Advisers LLC now owns 2,371 shares of the software maker’s stock worth $860,000 after purchasing an additional 557 shares during the period. Finally, Arthur M. Cohen & Associates LLC grew its holdings in shares of ANSYS by 18.7% during the 4th quarter. Arthur M. Cohen & Associates LLC now owns 1,488 shares of the software maker’s stock worth $540,000 after purchasing an additional 234 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Stock Performance

Shares of ANSS opened at $347.16 on Friday. The stock has a 50-day simple moving average of $337.12 and a 200-day simple moving average of $316.84. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.30. The stock has a market capitalization of $30.21 billion, a PE ratio of 60.59, a PEG ratio of 5.50 and a beta of 1.16. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31.

ANSYS (NASDAQ:ANSSGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.23. The business had revenue of $805.10 million during the quarter, compared to analysts’ expectations of $797.49 million. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.61 EPS. On average, analysts predict that ANSYS, Inc. will post 7.34 earnings per share for the current fiscal year.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $345.68, for a total transaction of $69,136.00. Following the sale, the director now owns 3,199 shares of the company’s stock, valued at approximately $1,105,830.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

ANSS has been the subject of a number of research analyst reports. StockNews.com initiated coverage on ANSYS in a report on Saturday. They set a “hold” rating for the company. Rosenblatt Securities restated a “neutral” rating and set a $345.00 target price on shares of ANSYS in a report on Tuesday, March 5th. Mizuho lowered their target price on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. Barclays raised their target price on ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a report on Thursday, February 22nd. Finally, Wolfe Research restated a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $322.75.

Check Out Our Latest Research Report on ANSS

ANSYS Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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