SeaCrest Wealth Management LLC Acquires Shares of 209 ANSYS, Inc. (NASDAQ:ANSS)

SeaCrest Wealth Management LLC acquired a new stake in ANSYS, Inc. (NASDAQ:ANSSGet Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 209 shares of the software maker’s stock, valued at approximately $50,000.

A number of other hedge funds have also recently modified their holdings of ANSS. Janiczek Wealth Management LLC increased its position in shares of ANSYS by 60.7% in the second quarter. Janiczek Wealth Management LLC now owns 98 shares of the software maker’s stock valued at $27,000 after acquiring an additional 37 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of ANSYS by 89.4% in the second 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 during the period. Zions Bancorporation N.A. increased its position in shares of ANSYS by 178.7% in the second quarter. Zions Bancorporation N.A. now owns 170 shares of the software maker’s stock valued at $41,000 after acquiring an additional 109 shares during the period. Venture Visionary Partners LLC purchased a new position in shares of ANSYS in the second quarter valued at about $49,000. Finally, Covestor Ltd increased its position in shares of ANSYS by 327.8% during the first quarter. Covestor Ltd now owns 154 shares of the software maker’s stock valued at $49,000 after buying an additional 118 shares during the period. Hedge funds and other institutional investors own 90.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of ANSYS from $260.00 to $248.00 and set a “sector perform” rating on the stock in a research report on Friday, November 4th. Wolfe Research assumed coverage on shares of ANSYS in a research report on Tuesday, August 16th. They set an “outperform” rating and a $320.00 price target on the stock. StockNews.com assumed coverage on shares of ANSYS in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Barclays reduced their price target on shares of ANSYS from $260.00 to $200.00 in a research report on Tuesday, October 11th. Finally, JPMorgan Chase & Co. assumed coverage on shares of ANSYS in a research report on Friday, September 16th. They set an “overweight” rating and a $275.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $263.91.

Insider Transactions at ANSYS

In other news, SVP Shane Emswiler sold 436 shares of the company’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $233.59, for a total value of $101,845.24. Following the transaction, the senior vice president now owns 26,572 shares in the company, valued at $6,206,953.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.63% of the company’s stock.

ANSYS Trading Down 0.1 %

NASDAQ:ANSS opened at $243.76 on Monday. ANSYS, Inc. has a one year low of $194.23 and a one year high of $413.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.38 and a quick ratio of 2.38. The company’s 50-day simple moving average is $227.67 and its 200 day simple moving average is $245.54. The firm has a market capitalization of $21.23 billion, a P/E ratio of 45.65, a PEG ratio of 5.66 and a beta of 1.25.

ANSYS (NASDAQ:ANSSGet Rating) last issued its earnings results on Thursday, November 3rd. The software maker reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.15. The firm had revenue of $472.51 million for the quarter, compared to the consensus estimate of $467.78 million. ANSYS had a net margin of 23.13% and a return on equity of 12.13%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.19 earnings per share. As a group, analysts forecast that ANSYS, Inc. will post 6.06 EPS for the current fiscal year.

About ANSYS

(Get Rating)

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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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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