Oppenheimer Asset Management Inc. Has $8.73 Million Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Oppenheimer Asset Management Inc. lowered its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 3.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,884 shares of the software maker’s stock after selling 957 shares during the period. Oppenheimer Asset Management Inc.’s holdings in ANSYS were worth $8,731,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ameliora Wealth Management Ltd. bought a new position in ANSYS in the fourth quarter valued at about $27,000. Intact Investment Management Inc. bought a new stake in shares of ANSYS during the 3rd quarter valued at approximately $70,000. Allworth Financial LP grew its holdings in shares of ANSYS by 33.7% during the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock valued at $92,000 after purchasing an additional 65 shares during the last quarter. Brooklyn Investment Group acquired a new position in ANSYS during the 3rd quarter worth approximately $119,000. Finally, Wilmington Savings Fund Society FSB bought a new position in ANSYS in the 3rd quarter valued at approximately $174,000. 92.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ANSS has been the topic of a number of research reports. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Rosenblatt Securities raised their price objective on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Finally, Robert W. Baird upped their target price on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

ANSYS Stock Down 0.6 %

NASDAQ:ANSS opened at $330.37 on Friday. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The company has a market cap of $28.96 billion, a PE ratio of 50.44, a P/E/G ratio of 3.48 and a beta of 1.12. The firm’s 50 day simple moving average is $342.14 and its 200 day simple moving average is $333.46.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The business had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. On average, research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.46% of the company’s stock.

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.