Linden Thomas Advisory Services LLC Increases Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Linden Thomas Advisory Services LLC boosted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,879 shares of the software maker’s stock after buying an additional 70 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in ANSYS were worth $2,133,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. AE Wealth Management LLC boosted its stake in shares of ANSYS by 3.0% in the third quarter. AE Wealth Management LLC now owns 2,925 shares of the software maker’s stock valued at $870,000 after purchasing an additional 85 shares during the period. IFP Advisors Inc boosted its stake in shares of ANSYS by 11.7% in the third quarter. IFP Advisors Inc now owns 363 shares of the software maker’s stock valued at $108,000 after purchasing an additional 38 shares during the period. HB Wealth Management LLC boosted its stake in shares of ANSYS by 10.9% in the third quarter. HB Wealth Management LLC now owns 1,563 shares of the software maker’s stock valued at $465,000 after purchasing an additional 153 shares during the period. DAVENPORT & Co LLC boosted its stake in shares of ANSYS by 5.2% in the third quarter. DAVENPORT & Co LLC now owns 1,351 shares of the software maker’s stock valued at $402,000 after purchasing an additional 67 shares during the period. Finally, Howland Capital Management LLC acquired a new stake in ANSYS in the third quarter valued at approximately $10,269,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Analysts Set New Price Targets

ANSS has been the topic of several analyst reports. Wolfe Research reaffirmed a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a report on Tuesday, March 5th. Mizuho reduced their target price on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a report on Wednesday, January 17th. Barclays raised their target price on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a report on Thursday, February 22nd. Finally, StockNews.com assumed coverage on shares of ANSYS in a report on Tuesday. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $323.86.

ANSYS Trading Up 0.5 %

Shares of NASDAQ:ANSS traded up $1.76 during trading on Tuesday, reaching $326.57. 98,027 shares of the stock were exchanged, compared to its average volume of 694,527. The firm has a market cap of $28.51 billion, a price-to-earnings ratio of 56.90, a price-to-earnings-growth ratio of 5.14 and a beta of 1.16. ANSYS, Inc. has a 12-month low of $258.01 and a 12-month high of $364.31. The firm’s 50-day moving average price is $336.86 and its 200 day moving average price is $320.86. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.30.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The business had revenue of $805.10 million during the quarter, compared to the consensus estimate of $797.49 million. During the same quarter last year, the company earned $2.61 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, sell-side analysts anticipate that ANSYS, Inc. will post 7.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the sale, the director now directly owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is owned by corporate insiders.

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.