Commonwealth Equity Services LLC Sells 677 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Commonwealth Equity Services LLC decreased its position in ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 12.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,782 shares of the software maker’s stock after selling 677 shares during the period. Commonwealth Equity Services LLC’s holdings in ANSYS were worth $1,155,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. CCLA Investment Management purchased a new position in ANSYS during the fourth quarter valued at $77,908,000. Parnassus Investments LLC raised its position in shares of ANSYS by 87.9% in the 4th quarter. Parnassus Investments LLC now owns 499,615 shares of the software maker’s stock worth $120,702,000 after purchasing an additional 233,659 shares during the last quarter. Pictet Asset Management SA raised its position in shares of ANSYS by 20.9% in the 3rd quarter. Pictet Asset Management SA now owns 1,297,555 shares of the software maker’s stock worth $287,795,000 after purchasing an additional 224,235 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of ANSYS by 57.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 483,554 shares of the software maker’s stock worth $107,983,000 after purchasing an additional 176,940 shares during the last quarter. Finally, Ownership Capital B.V. raised its position in ANSYS by 11.2% in the 4th quarter. Ownership Capital B.V. now owns 1,494,533 shares of the software maker’s stock worth $361,064,000 after buying an additional 150,347 shares during the last quarter. Institutional investors own 89.82% of the company’s stock.

Insider Transactions at ANSYS

In other ANSYS news, SVP Shane Emswiler sold 11,419 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $265.68, for a total value of $3,033,799.92. Following the completion of the sale, the senior vice president now directly owns 32,821 shares in the company, valued at approximately $8,719,883.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other ANSYS news, SVP Shane Emswiler sold 11,419 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $265.68, for a total transaction of $3,033,799.92. Following the completion of the sale, the senior vice president now owns 32,821 shares in the company, valued at $8,719,883.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Barbara Vaughn Scherer sold 1,675 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $299.17, for a total value of $501,109.75. Following the sale, the director now owns 11,707 shares of the company’s stock, valued at $3,502,383.19. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,437 shares of company stock valued at $5,165,597. 0.53% of the stock is currently owned by company insiders.

ANSYS Trading Down 0.4 %

ANSS stock opened at $305.56 on Monday. The firm has a fifty day moving average price of $313.26 and a 200 day moving average price of $277.29. ANSYS, Inc. has a fifty-two week low of $194.23 and a fifty-two week high of $333.89. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.13 and a current ratio of 2.13. The firm has a market cap of $26.49 billion, a PE ratio of 48.27, a price-to-earnings-growth ratio of 6.03 and a beta of 1.25.

ANSYS (NASDAQ:ANSS – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The software maker reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.29. The company had revenue of $694.70 million during the quarter, compared to the consensus estimate of $649.47 million. ANSYS had a return on equity of 12.73% and a net margin of 25.74%. ANSYS’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $2.41 earnings per share. Sell-side analysts anticipate that ANSYS, Inc. will post 6.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ANSS has been the topic of several recent research reports. TheStreet upgraded shares of ANSYS from a “c+” rating to a “b” rating in a research note on Wednesday, February 22nd. Oppenheimer increased their target price on shares of ANSYS from $275.00 to $330.00 in a report on Thursday, February 23rd. StockNews.com assumed coverage on shares of ANSYS in a report on Thursday. They set a “hold” rating for the company. JPMorgan Chase & Co. increased their price objective on shares of ANSYS from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, February 27th. Finally, Barclays increased their price objective on shares of ANSYS from $266.00 to $292.00 and gave the company an “underweight” rating in a report on Thursday, April 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $311.92.

ANSYS Company Profile

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ANSYS, Inc engages in the development and marketing of engineering simulation software and services. The firm’s solutions include automotive, aerospace and defense, construction, energy, materials and chemical processing, autonomous engineering, and electrification. The company was founded by John A.