Congress Wealth Management LLC DE Acquires 432 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Congress Wealth Management LLC DE raised its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 12.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,772 shares of the software maker’s stock after purchasing an additional 432 shares during the period. Congress Wealth Management LLC DE’s holdings in ANSYS were worth $1,272,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Ameliora Wealth Management Ltd. acquired a new position in shares of ANSYS in the 4th quarter worth approximately $27,000. Assetmark Inc. lifted its holdings in ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after buying an additional 103 shares during the period. Millstone Evans Group LLC bought a new stake in ANSYS during the fourth quarter valued at $42,000. SBI Securities Co. Ltd. acquired a new stake in ANSYS during the 4th quarter worth about $47,000. Finally, Allworth Financial LP grew its holdings in ANSYS by 33.7% during the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock worth $92,000 after acquiring an additional 65 shares during the period. 92.39% of the stock is owned by institutional investors.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, January 13th. The stock was 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is currently owned by insiders.

ANSYS Stock Down 0.4 %

Shares of NASDAQ:ANSS opened at $322.09 on Friday. The firm has a market cap of $28.23 billion, a P/E ratio of 49.17, a PEG ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The business’s 50 day simple moving average is $335.78 and its two-hundred day simple moving average is $334.11. 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 (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) 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 business had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. As a group, research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on ANSS. Rosenblatt Securities upped their target price on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a research note on Friday, March 21st.

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.