Vestmark Advisory Solutions Inc. Acquires 359 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Vestmark Advisory Solutions Inc. lifted its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,815 shares of the software maker’s stock after buying an additional 359 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in ANSYS were worth $4,287,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of ANSYS by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 10,028,851 shares of the software maker’s stock worth $2,984,085,000 after purchasing an additional 25,426 shares during the period. Bamco Inc. NY boosted its stake in shares of ANSYS by 0.6% during the 3rd quarter. Bamco Inc. NY now owns 2,002,717 shares of the software maker’s stock worth $595,908,000 after purchasing an additional 11,774 shares during the period. Wellington Management Group LLP boosted its stake in shares of ANSYS by 167.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock worth $382,884,000 after purchasing an additional 805,657 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of ANSYS by 3.8% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,265,371 shares of the software maker’s stock worth $376,511,000 after purchasing an additional 46,628 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of ANSYS by 7.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,195,065 shares of the software maker’s stock worth $355,592,000 after purchasing an additional 81,457 shares during the period. 92.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of ANSYS in a research report on Wednesday. They issued a “hold” rating for the company. Mizuho lowered their price objective on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research report on Wednesday, January 17th. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Rosenblatt Securities reissued a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research report on Friday. Finally, Barclays boosted their price objective on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $320.00.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the transaction, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.46% of the stock is currently owned by company insiders.

ANSYS Stock Up 1.6 %

Shares of NASDAQ:ANSS traded up $4.99 during trading hours on Friday, hitting $319.52. The company’s stock had a trading volume of 578,961 shares, compared to its average volume of 373,307. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.30. The company has a market capitalization of $27.89 billion, a price-to-earnings ratio of 64.16, a P/E/G ratio of 4.93 and a beta of 1.16. The firm’s fifty day moving average price is $336.00 and its 200 day moving average price is $322.00.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.54). ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The business had revenue of $466.60 million during the quarter, compared to the consensus estimate of $549.85 million. During the same quarter in the prior year, the firm posted $1.45 EPS. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, research analysts expect that ANSYS, Inc. will post 7.39 EPS for the current year.

About ANSYS

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.