Envestnet Asset Management Inc. Cuts Position in ANSYS, Inc. (NASDAQ:ANSS)

Envestnet Asset Management Inc. lowered its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 231,945 shares of the software maker’s stock after selling 7,477 shares during the period. Envestnet Asset Management Inc.’s holdings in ANSYS were worth $78,242,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ANSS. Ameliora Wealth Management Ltd. purchased a new position in shares of ANSYS during the 4th quarter valued at approximately $27,000. Assetmark Inc. raised its position in ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after acquiring an additional 103 shares during the period. Millstone Evans Group LLC purchased a new position in ANSYS during the fourth quarter valued at $42,000. SBI Securities Co. Ltd. acquired a new stake in shares of ANSYS in the fourth quarter valued at about $47,000. Finally, Allworth Financial LP increased its stake in shares of ANSYS by 33.7% during the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock worth $92,000 after purchasing an additional 65 shares in the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ANSS shares. Rosenblatt Securities raised their price target on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note 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 Stock Performance

NASDAQ:ANSS opened at $284.83 on Wednesday. The company has a market cap of $24.97 billion, a P/E ratio of 43.49, a P/E/G ratio of 3.48 and a beta of 1.20. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03. The company’s 50-day moving average price is $326.95 and its 200-day moving average price is $333.38. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The business had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. On average, sell-side analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now directly owns 3,430 shares of the company’s stock, valued at $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 is accessible through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

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.