Glenview Trust co Takes Position in ANSYS, Inc. (NASDAQ:ANSS)

Glenview Trust co purchased a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 600 shares of the software maker’s stock, valued at approximately $202,000.

Several other large investors have also recently modified their holdings of ANSS. GSA Capital Partners LLP bought a new position in shares of ANSYS during the third quarter valued at $451,000. OneDigital Investment Advisors LLC raised its stake in shares of ANSYS by 3.0% during the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock valued at $409,000 after acquiring an additional 37 shares during the last quarter. Empowered Funds LLC raised its stake in shares of ANSYS by 23.3% during the third quarter. Empowered Funds LLC now owns 1,467 shares of the software maker’s stock valued at $467,000 after acquiring an additional 277 shares during the last quarter. Natixis Advisors LLC raised its stake in ANSYS by 14.5% during the third quarter. Natixis Advisors LLC now owns 70,144 shares of the software maker’s stock worth $22,350,000 after buying an additional 8,908 shares during the last quarter. Finally, MAI Capital Management bought a new position in ANSYS during the third quarter worth $476,000. Institutional investors own 92.39% of the company’s stock.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, the director now directly owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

ANSYS Trading Down 0.3 %

ANSS opened at $323.82 on Wednesday. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The company has a market cap of $28.38 billion, a P/E ratio of 49.44, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. The company has a fifty day moving average price of $338.17 and a two-hundred day moving average price of $333.78.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The company had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. Analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Rosenblatt Securities lifted their target price on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st.

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.