Sequoia Financial Advisors LLC Increases Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Sequoia Financial Advisors LLC boosted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 97.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,955 shares of the software maker’s stock after buying an additional 964 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in ANSYS were worth $709,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. CVA Family Office LLC bought a new position in shares of ANSYS during the fourth quarter valued at about $28,000. Raleigh Capital Management Inc. increased its stake in ANSYS by 135.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after buying an additional 57 shares during the last quarter. KB Financial Partners LLC lifted its position in shares of ANSYS by 854.5% during the 2nd quarter. KB Financial Partners LLC now owns 105 shares of the software maker’s stock worth $35,000 after buying an additional 94 shares in the last quarter. Gyon Technologies Capital Management LP purchased a new position in shares of ANSYS in the 4th quarter worth approximately $37,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of ANSYS in the fourth quarter valued at approximately $47,000. 92.39% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the transaction, the director now directly owns 3,049 shares in the company, valued at $1,043,001.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.53% of the company’s stock.

ANSYS Trading Down 1.8 %

Shares of ANSS stock opened at $328.16 on Tuesday. The stock has a market capitalization of $28.65 billion, a price-to-earnings ratio of 57.27, a PEG ratio of 5.28 and a beta of 1.16. The company’s fifty day simple moving average is $338.37 and its two-hundred day simple moving average is $319.73. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.23. The company 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 firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.61 earnings per share. As a group, analysts anticipate that ANSYS, Inc. will post 7.34 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on ANSS. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Mizuho cut their price target on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a report on Wednesday, January 17th. Barclays raised their price objective on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Rosenblatt Securities reissued a “neutral” rating and set a $345.00 target price on shares of ANSYS in a research report on Tuesday, March 5th. Finally, StockNews.com initiated coverage on shares of ANSYS in a report on Monday. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, ANSYS has a consensus rating of “Hold” and a consensus target price of $322.75.

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.