Wealthspire Advisors LLC Sells 111 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Wealthspire Advisors LLC cut its stake in ANSYS, Inc. (NASDAQ:ANSS) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,265 shares of the software maker’s stock after selling 111 shares during the period. Wealthspire Advisors LLC’s holdings in ANSYS were worth $427,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Stock Yards Bank & Trust Co. raised its stake in shares of ANSYS by 1.3% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock worth $767,000 after acquiring an additional 30 shares during the last quarter. Greenleaf Trust raised its stake in shares of ANSYS by 0.9% in the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock worth $1,232,000 after acquiring an additional 32 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in shares of ANSYS by 0.8% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock worth $1,473,000 after acquiring an additional 34 shares during the last quarter. BTC Capital Management Inc. grew its position in shares of ANSYS by 2.5% during the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock worth $506,000 after buying an additional 36 shares during the period. Finally, Summerhill Capital Management lnc. grew its position in shares of ANSYS by 0.6% during the 4th quarter. Summerhill Capital Management lnc. now owns 6,139 shares of the software maker’s stock worth $2,071,000 after buying an additional 36 shares during the period. 92.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Rosenblatt Securities lifted their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Robert W. Baird lifted their price target on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th.

ANSYS Stock Up 0.6 %

Shares of NASDAQ ANSS opened at $332.32 on Thursday. The stock has a market cap of $29.13 billion, a P/E ratio of 50.74, a P/E/G ratio of 3.48 and a beta of 1.12. The firm has a 50 day moving average price of $342.23 and a 200 day moving average price of $333.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The firm had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. Analysts expect that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

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.