Wedmont Private Capital reduced its position in ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 48.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 860 shares of the software maker’s stock after selling 813 shares during the quarter. Wedmont Private Capital’s holdings in ANSYS were worth $206,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Fieldpoint Private Securities LLC grew its position in ANSYS by 167.6% in the 1st quarter. Fieldpoint Private Securities LLC now owns 91 shares of the software maker’s stock valued at $29,000 after acquiring an additional 57 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in ANSYS by 89.4% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 125 shares of the software maker’s stock valued at $30,000 after acquiring an additional 59 shares in the last quarter. Covestor Ltd grew its position in ANSYS by 327.8% in the 1st quarter. Covestor Ltd now owns 154 shares of the software maker’s stock valued at $49,000 after acquiring an additional 118 shares in the last quarter. Ellevest Inc. grew its position in ANSYS by 43.8% in the 1st quarter. Ellevest Inc. now owns 161 shares of the software maker’s stock valued at $51,000 after acquiring an additional 49 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in ANSYS by 254.3% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 163 shares of the software maker’s stock valued at $65,000 after acquiring an additional 117 shares in the last quarter. 90.80% of the stock is owned by institutional investors and hedge funds.
ANSYS Price Performance
Shares of NASDAQ ANSS opened at $239.35 on Wednesday. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.17. ANSYS, Inc. has a twelve month low of $225.92 and a twelve month high of $413.89. The stock has a 50 day moving average of $260.96 and a two-hundred day moving average of $268.67. The stock has a market cap of $20.84 billion, a P/E ratio of 45.94, a P/E/G ratio of 4.99 and a beta of 1.31.
Analyst Ratings Changes
Several equities analysts have recently issued reports on ANSS shares. Barclays lifted their price objective on ANSYS from $245.00 to $250.00 and gave the company an “underweight” rating in a research note on Friday, August 5th. Oppenheimer reiterated an “initiates” rating on shares of ANSYS in a research note on Wednesday, July 27th. Mizuho decreased their price objective on ANSYS from $285.00 to $265.00 and set a “neutral” rating for the company in a research note on Tuesday, July 19th. Robert W. Baird lifted their price objective on ANSYS to $345.00 in a research note on Monday, August 15th. Finally, Wolfe Research started coverage on ANSYS in a research note on Tuesday, August 16th. They set an “outperform” rating and a $320.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $277.33.
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; 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.
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