LPL Financial LLC Acquires 824 Shares of ANSYS, Inc. (NASDAQ:ANSS)

LPL Financial LLC boosted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 9.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,760 shares of the software maker’s stock after buying an additional 824 shares during the quarter. LPL Financial LLC’s holdings in ANSYS were worth $2,358,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Accurate Wealth Management LLC bought a new position in shares of ANSYS during the 4th quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. increased its position in ANSYS by 78.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 107 shares of the software maker’s stock valued at $26,000 after buying an additional 47 shares in the last quarter. CI Investments Inc. increased its stake in ANSYS by 927.3% during the 3rd quarter. CI Investments Inc. now owns 113 shares of the software maker’s stock valued at $25,000 after purchasing an additional 102 shares in the last quarter. CVA Family Office LLC increased its stake in ANSYS by 106.1% during the 3rd quarter. CVA Family Office LLC now owns 136 shares of the software maker’s stock valued at $30,000 after purchasing an additional 70 shares in the last quarter. Finally, Covestor Ltd increased its stake in ANSYS by 327.8% during the 1st quarter. Covestor Ltd now owns 154 shares of the software maker’s stock valued at $49,000 after purchasing an additional 118 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. StockNews.com started coverage on shares of ANSYS in a research note on Thursday. They set a “hold” rating on the stock. Rosenblatt Securities increased their price objective on shares of ANSYS from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, February 24th. Robert W. Baird lifted their price target on shares of ANSYS from $305.00 to $327.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. Citigroup lifted their price objective on ANSYS from $326.00 to $347.00 in a report on Monday, April 24th. Finally, Barclays boosted their target price on ANSYS from $266.00 to $292.00 and gave the stock an “underweight” rating in a report on Thursday, April 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $311.92.

Insider Transactions at ANSYS

In related 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 transaction, the senior vice president now owns 32,821 shares of the company’s stock, valued at $8,719,883.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the senior vice president now owns 32,821 shares of the company’s stock, valued at $8,719,883.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Janet Lee sold 984 shares of the company’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $300.31, for a total value of $295,505.04. Following the completion of the sale, the senior vice president now directly owns 24,384 shares in the company, valued at approximately $7,322,759.04. The disclosure for this sale can be found here. Insiders have sold a total of 18,437 shares of company stock worth $5,165,597 over the last ninety days. 0.53% of the stock is currently owned by company insiders.

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $305.56 on Monday. The firm has a market capitalization of $26.49 billion, a P/E ratio of 48.27, a P/E/G ratio of 6.03 and a beta of 1.25. ANSYS, Inc. has a 12 month low of $194.23 and a 12 month high of $333.89. The company’s fifty day moving average price is $313.26 and its 200 day moving average price is $277.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.13 and a quick ratio of 2.13.

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

ANSYS 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.