ANSYS, Inc. (NASDAQ:ANSS) is Welch & Forbes LLC’s 9th Largest Position

Welch & Forbes LLC lowered its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 415,336 shares of the software maker’s stock after selling 1,063 shares during the period. ANSYS comprises 2.3% of Welch & Forbes LLC’s portfolio, making the stock its 9th largest holding. Welch & Forbes LLC owned approximately 0.48% of ANSYS worth $150,717,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ANSS. Verdence Capital Advisors LLC lifted its stake in shares of ANSYS by 1.7% during 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 during the period. Wealth Alliance increased its stake in shares of ANSYS by 2.4% during the 4th quarter. Wealth Alliance now owns 1,523 shares of the software maker’s stock valued at $553,000 after acquiring an additional 36 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in shares of ANSYS by 18.1% during the 3rd quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock worth $72,000 after acquiring an additional 37 shares during the period. Perigon Wealth Management LLC boosted its position in shares of ANSYS by 2.7% in the third quarter. Perigon Wealth Management LLC now owns 1,544 shares of the software maker’s stock worth $459,000 after acquiring an additional 40 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in ANSYS by 4.2% in the fourth quarter. Ballentine Partners LLC now owns 1,038 shares of the software maker’s stock valued at $377,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the business’s 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 sale, the director now directly owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ANSS shares. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Rosenblatt Securities restated a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a report on Friday. StockNews.com started coverage on ANSYS in a report on Wednesday, May 1st. They set a “hold” rating for the company. Barclays raised 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. Finally, Mizuho decreased their price objective on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, ANSYS has an average rating of “Hold” and an average price target of $320.00.

ANSYS Stock Performance

NASDAQ ANSS traded up $2.07 during trading hours on Monday, reaching $321.59. The company’s stock had a trading volume of 443,535 shares, compared to its average volume of 673,075. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $335.28 and a 200 day simple moving average of $322.81. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31. The stock has a market cap of $28.07 billion, a PE ratio of 64.58, a PEG ratio of 5.01 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.54). The company had revenue of $466.60 million during the quarter, compared to the consensus estimate of $549.85 million. ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period last year, the business posted $1.45 EPS. Equities research analysts predict that ANSYS, Inc. will post 7.39 earnings per share for the current fiscal year.

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.