Cetera Advisor Networks LLC Raises Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Cetera Advisor Networks LLC boosted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSSFree Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,473 shares of the software maker’s stock after purchasing an additional 389 shares during the quarter. Cetera Advisor Networks LLC’s holdings in ANSYS were worth $4,163,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ieq Capital LLC raised its holdings in shares of ANSYS by 1.2% during the fourth quarter. Ieq Capital LLC now owns 2,853 shares of the software maker’s stock valued at $1,035,000 after acquiring an additional 34 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in shares of ANSYS by 1.7% in the fourth quarter. Verdence Capital Advisors LLC now owns 2,071 shares of the software maker’s stock valued at $752,000 after buying an additional 35 shares in the last quarter. Wealth Alliance grew its stake in shares of ANSYS by 2.4% in the fourth quarter. Wealth Alliance now owns 1,523 shares of the software maker’s stock valued at $553,000 after buying an additional 36 shares in the last quarter. FineMark National Bank & Trust grew its stake in shares of ANSYS by 4.9% in the fourth quarter. FineMark National Bank & Trust now owns 769 shares of the software maker’s stock valued at $279,000 after buying an additional 36 shares in the last quarter. Finally, Ballentine Partners LLC grew its stake in ANSYS by 4.2% during the 4th quarter. Ballentine Partners LLC now owns 1,038 shares of the software maker’s stock worth $377,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $323.31 on Tuesday. The business’s fifty day moving average price is $328.30 and its two-hundred day moving average price is $329.77. The stock has a market cap of $28.22 billion, a PE ratio of 64.92, a price-to-earnings-growth ratio of 7.11 and a beta of 1.14. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.80 and a current ratio of 2.80. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31.

ANSYS (NASDAQ:ANSSGet Free Report) last announced its earnings results on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The company had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. During the same quarter last year, the company posted $1.45 EPS. ANSYS’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, analysts forecast that ANSYS, Inc. will post 7.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 price target on shares of ANSYS in a report on Friday, May 3rd. Barclays boosted their target price on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. Finally, StockNews.com assumed coverage on ANSYS in a research report on Monday. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $320.00.

View Our Latest Analysis on ANSYS

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the transaction, the director now owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.46% of the company’s stock.

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.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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