Wealthfront Advisers LLC Grows Stake in ANSYS, Inc. (NASDAQ:ANSS)

Wealthfront Advisers LLC increased its stake in ANSYS, Inc. (NASDAQ:ANSS) by 125.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,510 shares of the software maker’s stock after acquiring an additional 14,729 shares during the period. Wealthfront Advisers LLC’s holdings in ANSYS were worth $8,943,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ANSS. Proficio Capital Partners LLC bought a new stake in ANSYS in the fourth quarter worth about $119,140,000. D1 Capital Partners L.P. bought a new stake in ANSYS in the third quarter worth about $73,345,000. State Street Corp lifted its stake in ANSYS by 3.0% in the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after purchasing an additional 106,187 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in ANSYS by 34.9% in the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after purchasing an additional 100,042 shares during the last quarter. Finally, CCLA Investment Management lifted its stake in ANSYS by 11.9% in the fourth quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock worth $150,381,000 after purchasing an additional 47,331 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Performance

ANSYS stock opened at $317.49 on Thursday. The company has a 50 day moving average price of $339.36 and a 200-day moving average price of $333.58. 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 fifty-two week low of $289.82 and a fifty-two week high of $363.03. The company has a market capitalization of $27.83 billion, a PE ratio of 48.47, a P/E/G ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 EPS 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 the consensus estimate of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. As a group, equities analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on ANSS. Rosenblatt Securities raised their price objective 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. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” 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.