Welch & Forbes LLC Decreases Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Welch & Forbes LLC lessened its position in ANSYS, Inc. (NASDAQ:ANSS) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 395,770 shares of the software maker’s stock after selling 2,049 shares during the quarter. ANSYS comprises 1.7% of Welch & Forbes LLC’s holdings, making the stock its 14th largest position. Welch & Forbes LLC’s holdings in ANSYS were worth $133,505,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stock Yards Bank & Trust Co. grew its stake in shares of ANSYS by 1.3% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock valued at $767,000 after buying an additional 30 shares in the last quarter. Greenleaf Trust grew its stake in shares of ANSYS by 0.9% in the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock valued at $1,232,000 after buying an additional 32 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in shares of ANSYS by 0.8% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock valued at $1,473,000 after buying an additional 34 shares in the last quarter. BTC Capital Management Inc. grew its stake in shares of ANSYS by 2.5% in the fourth quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock valued at $506,000 after buying an additional 36 shares in the last quarter. Finally, Summerhill Capital Management lnc. grew its stake in shares of ANSYS by 0.6% in the fourth quarter. Summerhill Capital Management lnc. now owns 6,139 shares of the software maker’s stock valued at $2,071,000 after buying an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

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

ANSYS Trading Down 0.8 %

ANSS opened at $325.14 on Friday. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The stock has a market capitalization of $28.50 billion, a price-to-earnings ratio of 49.64, a PEG ratio of 3.48 and a beta of 1.11. 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 business has a fifty day moving average price of $340.77 and a 200 day moving average price of $333.70.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. Sell-side analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS 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 sale, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. The trade was a 5.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is owned by company insiders.

ANSYS Company 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.