Sequoia Financial Advisors LLC Boosts Stake in ANSYS, Inc. (NASDAQ:ANSS)

Sequoia Financial Advisors LLC lifted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 14.1% during the fourth quarter, Holdings Channel reports. The fund owned 1,716 shares of the software maker’s stock after purchasing an additional 212 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in ANSYS were worth $579,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ANSS. Ameliora Wealth Management Ltd. purchased a new stake in ANSYS during the 4th quarter worth approximately $27,000. Assetmark Inc. grew its position in shares of ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after buying an additional 103 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of ANSYS in the fourth quarter worth $47,000. Allworth Financial LP raised its holdings in ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock valued at $92,000 after acquiring an additional 65 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in ANSYS during the 3rd quarter valued at $119,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analysts Set New Price Targets

ANSS has been the topic of a number of recent analyst reports. Rosenblatt Securities upped their target price 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 raised ANSYS from a “hold” rating to a “buy” rating in a report on Friday, February 21st.

ANSYS Stock Up 0.7 %

Shares of NASDAQ:ANSS opened at $324.95 on Tuesday. The company’s fifty day moving average is $338.41 and its two-hundred day moving average is $333.76. 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 1-year low of $289.82 and a 1-year high of $363.03. The stock has a market capitalization of $28.48 billion, a price-to-earnings ratio of 49.61, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last released 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 return on equity of 12.69% and a net margin of 22.62%. The business had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. Equities analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company 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.