Allworth Financial LP Has $61,000 Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Allworth Financial LP lessened its stake in ANSYS, Inc. (NASDAQ:ANSS) by 17.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 193 shares of the software maker’s stock after selling 40 shares during the quarter. Allworth Financial LP’s holdings in ANSYS were worth $61,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Ballentine Partners LLC grew its stake in shares of ANSYS by 13.8% during the third quarter. Ballentine Partners LLC now owns 1,320 shares of the software maker’s stock valued at $421,000 after purchasing an additional 160 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in ANSYS by 20.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 11,607 shares of the software maker’s stock valued at $3,698,000 after buying an additional 1,970 shares during the last quarter. IFM Investors Pty Ltd boosted its position in ANSYS by 2.5% in the 3rd quarter. IFM Investors Pty Ltd now owns 18,003 shares of the software maker’s stock valued at $5,736,000 after buying an additional 434 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of ANSYS in the 3rd quarter valued at $54,820,000. Finally, Signaturefd LLC raised its position in shares of ANSYS by 7.0% during the third quarter. Signaturefd LLC now owns 1,334 shares of the software maker’s stock worth $425,000 after acquiring an additional 87 shares during the last quarter. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Performance

Shares of NASDAQ:ANSS opened at $320.41 on Friday. The firm’s 50 day simple moving average is $320.17 and its 200 day simple moving average is $321.58. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The company has a market capitalization of $28.00 billion, a price-to-earnings ratio of 56.61, a P/E/G ratio of 6.99 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The company had revenue of $594.14 million for the quarter, compared to analyst estimates of $550.30 million. During the same period last year, the business posted $1.06 earnings per share. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. As a group, sell-side analysts forecast that ANSYS, Inc. will post 7.32 earnings per share for the current year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the transaction, the director now directly owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a research report on Tuesday. Rosenblatt Securities lowered their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $318.33.

ANSYS Profile

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.