EverSource Wealth Advisors LLC Raises Holdings in ANSYS, Inc. (NASDAQ:ANSS)

EverSource Wealth Advisors LLC increased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 270.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 471 shares of the software maker’s stock after acquiring an additional 344 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in ANSYS were worth $159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of ANSS. Stock Yards Bank & Trust Co. grew its holdings 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 purchasing an additional 30 shares during the last quarter. Greenleaf Trust boosted its position in ANSYS by 0.9% during the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock valued at $1,232,000 after buying an additional 32 shares during the period. Koshinski Asset Management Inc. grew its holdings in ANSYS by 0.8% in the 4th 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. increased its position in shares of ANSYS by 2.5% in the fourth quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock valued at $506,000 after acquiring an additional 36 shares during the period. Finally, Summerhill Capital Management lnc. raised its stake in shares of ANSYS by 0.6% during the fourth quarter. Summerhill Capital Management lnc. now owns 6,139 shares of the software maker’s stock valued at $2,071,000 after acquiring an additional 36 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Trading Up 0.7 %

Shares of ANSS opened at $324.95 on Tuesday. 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 firm’s 50-day moving average price is $338.41 and its 200-day moving average price is $333.76. The firm has a market capitalization of $28.48 billion, a price-to-earnings ratio of 49.61, a PEG ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data 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 firm had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. Sell-side analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ANSS shares. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Rosenblatt Securities boosted their target price on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, February 21st.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of the business’s 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 sale, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.46% of the stock is owned by insiders.

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.