Envestnet Asset Management Inc. Cuts Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Envestnet Asset Management Inc. lessened its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 231,945 shares of the software maker's stock after selling 7,477 shares during the period. Envestnet Asset Management Inc. owned 0.27% of ANSYS worth $78,242,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ANSS. Ameliora Wealth Management Ltd. acquired a new stake in ANSYS during the 4th quarter worth about $27,000. Assetmark Inc. grew its stake in ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after purchasing an additional 103 shares during the period. Millstone Evans Group LLC acquired a new stake in ANSYS during the fourth quarter worth approximately $42,000. SBI Securities Co. Ltd. bought a new stake in ANSYS in the fourth quarter worth approximately $47,000. Finally, Allworth Financial LP lifted its stake in ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker's stock valued at $92,000 after buying an additional 65 shares during the period. Institutional investors own 92.39% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ANSS shares. Rosenblatt Securities lifted their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. StockNews.com cut shares of ANSYS from a "buy" rating to a "hold" rating in a report on Friday, March 21st.

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ANSYS Stock Up 2.8 %

Shares of NASDAQ ANSS traded up $8.35 during midday trading on Monday, hitting $304.66. 116,956 shares of the stock traded hands, compared to its average volume of 470,757. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. ANSYS, Inc. has a one year low of $275.06 and a one year high of $363.03. The business has a 50 day moving average price of $323.28 and a two-hundred day moving average price of $332.84. The company has a market cap of $26.70 billion, a PE ratio of 46.51, a P/E/G ratio of 3.48 and a beta of 1.20.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced 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). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. On average, equities analysts predict that ANSYS, Inc. will post 8.32 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.