Atria Wealth Solutions Inc. Sells 1,309 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Atria Wealth Solutions Inc. lowered its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 57.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 963 shares of the software maker’s stock after selling 1,309 shares during the period. Atria Wealth Solutions Inc.’s holdings in ANSYS were worth $233,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of ANSYS by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 9,524,822 shares of the software maker’s stock valued at $3,025,560,000 after purchasing an additional 110,111 shares during the last quarter. BlackRock Inc. boosted its stake in shares of ANSYS by 4.9% during the 1st quarter. BlackRock Inc. now owns 9,226,734 shares of the software maker’s stock valued at $3,070,657,000 after purchasing an additional 430,927 shares in the last quarter. State Street Corp boosted its stake in shares of ANSYS by 2.7% during the 1st quarter. State Street Corp now owns 3,471,286 shares of the software maker’s stock valued at $1,155,244,000 after purchasing an additional 90,769 shares in the last quarter. Bamco Inc. NY boosted its stake in shares of ANSYS by 3.1% during the 4th quarter. Bamco Inc. NY now owns 1,953,122 shares of the software maker’s stock valued at $471,855,000 after purchasing an additional 59,073 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of ANSYS by 2.1% during the 1st quarter. Geode Capital Management LLC now owns 1,868,168 shares of the software maker’s stock valued at $620,366,000 after purchasing an additional 38,946 shares in the last quarter. Institutional investors own 90.21% of the company’s stock.

ANSYS Stock Up 0.4 %

ANSS opened at $311.92 on Tuesday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average price of $318.98 and a 200-day moving average price of $317.18. ANSYS, Inc. has a twelve month low of $194.23 and a twelve month high of $351.23. The stock has a market capitalization of $27.07 billion, a price-to-earnings ratio of 51.99, a PEG ratio of 5.96 and a beta of 1.24.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.11. ANSYS had a net margin of 24.12% and a return on equity of 11.83%. The firm had revenue of $496.60 million during the quarter, compared to analysts’ expectations of $490.05 million. During the same period in the previous year, the company earned $1.39 earnings per share. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. Equities research analysts forecast that ANSYS, Inc. will post 6.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Mizuho lifted their price target on shares of ANSYS from $280.00 to $310.00 in a research report on Monday, July 17th. Rosenblatt Securities reissued a “buy” rating and set a $320.00 price target on shares of ANSYS in a research report on Friday, August 4th. TheStreet cut shares of ANSYS from a “b-” rating to a “c+” rating in a research report on Tuesday, August 22nd. Barclays lifted their price target on shares of ANSYS from $292.00 to $303.00 and gave the company an “underweight” rating in a research report on Friday, July 14th. Finally, StockNews.com initiated coverage on shares of ANSYS in a report on Thursday, August 17th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, ANSYS currently has a consensus rating of “Hold” and an average target price of $317.45.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $298.99, for a total transaction of $59,798.00. Following the completion of the transaction, the director now directly owns 3,621 shares of the company’s stock, valued at $1,082,642.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $298.99, for a total transaction of $59,798.00. Following the completion of the sale, the director now directly owns 3,621 shares in the company, valued at $1,082,642.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ajei Gopal sold 13,262 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $350.04, for a total transaction of $4,642,230.48. Following the sale, the chief executive officer now owns 213,977 shares of the company’s stock, valued at $74,900,509.08. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

ANSYS Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite and the cloud; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.