Avantax Advisory Services Inc. Increases Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Avantax Advisory Services Inc. grew its stake in ANSYS, Inc. (NASDAQ:ANSS) by 1.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,401 shares of the software maker’s stock after acquiring an additional 63 shares during the period. Avantax Advisory Services Inc.’s holdings in ANSYS were worth $1,147,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in ANSS. Proficio Capital Partners LLC purchased a new position in shares of ANSYS during the fourth quarter worth $119,140,000. D1 Capital Partners L.P. acquired a new position in ANSYS in the 3rd quarter valued at about $73,345,000. State Street Corp increased its stake in ANSYS by 3.0% during 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 period. JPMorgan Chase & Co. lifted its position in shares of ANSYS by 34.9% during 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 in the last quarter. Finally, CCLA Investment Management lifted its position in shares of ANSYS by 11.9% during 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 in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

ANSS has been the topic of a number of research reports. Rosenblatt Securities increased their target price on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st.

ANSYS Stock Down 0.2 %

Shares of ANSYS stock opened at $323.04 on Thursday. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The company has a market capitalization of $28.32 billion, a P/E ratio of 49.32, a P/E/G ratio of 3.48 and a beta of 1.11. The company has a 50 day moving average of $337.76 and a 200 day moving average of $333.70.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. As a group, research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

About ANSYS

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.