Cerity Partners LLC Has $2.07 Million Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Cerity Partners LLC boosted its position in ANSYS, Inc. (NASDAQ:ANSS) by 426.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,707 shares of the software maker’s stock after acquiring an additional 4,623 shares during the quarter. Cerity Partners LLC’s holdings in ANSYS were worth $2,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ANSS. CVA Family Office LLC acquired a new position in ANSYS in the 4th quarter valued at $28,000. Raleigh Capital Management Inc. grew 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 grew its stake in ANSYS by 854.5% in the 2nd quarter. KB Financial Partners LLC now owns 105 shares of the software maker’s stock valued at $35,000 after buying an additional 94 shares during the last quarter. Gyon Technologies Capital Management LP bought a new stake in ANSYS in the 4th quarter valued at $37,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in ANSYS in the 4th quarter valued at $47,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the transaction, the director now directly owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ANSS shares. Rosenblatt Securities reissued a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a report on Tuesday, March 5th. Barclays increased their price target on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a report on Thursday, February 22nd. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Mizuho reduced their price target on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. Finally, StockNews.com started coverage on shares of ANSYS in a report on Monday, April 15th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $323.86.

ANSYS Price Performance

NASDAQ:ANSS opened at $322.11 on Friday. The company has a 50-day moving average of $337.12 and a 200-day moving average of $320.18. The company has a market capitalization of $28.12 billion, a price-to-earnings ratio of 56.21, a PEG ratio of 5.19 and a beta of 1.16. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.30.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.23. The company had revenue of $805.10 million during the quarter, compared to the consensus estimate of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $2.61 EPS. As a group, equities research analysts anticipate that ANSYS, Inc. will post 7.26 earnings per share for the current fiscal year.

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.