Sequoia Financial Advisors LLC Has $479,000 Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Sequoia Financial Advisors LLC raised its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 6.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,504 shares of the software maker’s stock after purchasing an additional 92 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in ANSYS were worth $479,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Swedbank AB acquired a new stake in shares of ANSYS during the first quarter worth approximately $128,089,000. M&G Plc acquired a new stake in ANSYS during the 1st quarter valued at $115,922,000. Magnetar Financial LLC bought a new position in ANSYS in the 1st quarter valued at $72,797,000. Matrix Capital Management Company LP acquired a new position in ANSYS in the first quarter worth $50,338,000. Finally, Canada Pension Plan Investment Board grew its holdings in shares of ANSYS by 1,052.9% during the first quarter. Canada Pension Plan Investment Board now owns 99,263 shares of the software maker’s stock worth $34,460,000 after purchasing an additional 90,653 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors.

ANSYS Stock Up 0.4 %

Shares of NASDAQ ANSS opened at $322.81 on Monday. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31. The firm’s 50-day moving average is $320.38 and its 200-day moving average is $321.71. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $28.18 billion, a PE ratio of 64.82, a price-to-earnings-growth ratio of 6.99 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.58. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The business had revenue of $594.14 million during the quarter, compared to the consensus estimate of $550.30 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. The firm’s revenue was up 19.6% on a year-over-year basis. Equities analysts expect that ANSYS, Inc. will post 7.32 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ANSS shares. Rosenblatt Securities reduced their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. StockNews.com started coverage on shares of ANSYS in a research report on Sunday, September 22nd. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $318.33.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,138,404.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by company insiders.

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.