Independent Advisor Alliance Makes New Investment in ANSYS, Inc. (NASDAQ:ANSS)

Independent Advisor Alliance acquired a new position in shares of ANSYS, Inc. (NASDAQ:ANSSFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 586 shares of the software maker’s stock, valued at approximately $213,000.

Other institutional investors also recently bought and sold shares of the company. CVA Family Office LLC purchased a new position in ANSYS during the 4th quarter worth $28,000. Raleigh Capital Management Inc. increased its holdings in shares of ANSYS by 135.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after acquiring an additional 57 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in shares of ANSYS in the 4th quarter valued at $47,000. Montag A & Associates Inc. increased its holdings in shares of ANSYS by 681.8% in the 4th quarter. Montag A & Associates Inc. now owns 172 shares of the software maker’s stock valued at $62,000 after acquiring an additional 150 shares during the period. Finally, KB Financial Partners LLC increased its holdings in shares of ANSYS by 69.5% in the 3rd quarter. KB Financial Partners LLC now owns 178 shares of the software maker’s stock valued at $53,000 after acquiring an additional 73 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ANSS shares. StockNews.com started coverage on ANSYS in a report on Friday, May 17th. They issued a “hold” rating on the stock. Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a report on Friday, May 3rd. Finally, Barclays raised their price objective on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, ANSYS currently has an average rating of “Hold” and a consensus target price of $320.00.

Read Our Latest Report on ANSYS

ANSYS Stock Performance

Shares of ANSS opened at $326.36 on Thursday. The stock has a 50-day moving average of $333.39 and a two-hundred day moving average of $326.79. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.80 and a current ratio of 2.80. The stock has a market cap of $28.49 billion, a P/E ratio of 65.53, a P/E/G ratio of 7.20 and a beta of 1.16.

ANSYS (NASDAQ:ANSSGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The firm had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. During the same period in the prior year, the firm posted $1.45 EPS. The business’s revenue was down 8.4% compared to the same quarter last year. As a group, research analysts predict that ANSYS, Inc. will post 7.16 EPS for the current year.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the transaction, the director now owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.46% of the stock is currently owned by insiders.

About ANSYS

(Free Report)

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.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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