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

Welch & Forbes LLC reduced its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing 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 period. ANSYS makes up approximately 1.7% of Welch & Forbes LLC's investment portfolio, making the stock its 14th biggest position. Welch & Forbes LLC owned 0.45% of ANSYS worth $133,505,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ameliora Wealth Management Ltd. bought a new position in shares of ANSYS in the 4th quarter valued at $27,000. Assetmark Inc. raised its position in ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after purchasing an additional 103 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of ANSYS during the fourth quarter valued at about $47,000. Allworth Financial LP grew its holdings in shares of ANSYS by 33.7% during the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker's stock worth $92,000 after purchasing an additional 65 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of ANSYS in the third quarter valued at approximately $119,000. 92.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ANSS shares. StockNews.com upgraded shares of ANSYS from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Rosenblatt Securities boosted their price objective on shares of ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st.

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ANSYS Stock Up 0.5 %

Shares of ANSYS stock traded up $1.65 during trading on Tuesday, reaching $320.36. 471,029 shares of the company traded hands, compared to its average volume of 427,629. 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 firm has a market capitalization of $28.08 billion, a PE ratio of 48.91, a P/E/G ratio of 3.48 and a beta of 1.11. The company has a 50 day moving average price of $340.10 and a 200-day moving average price of $333.72. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued 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 net margin of 22.62% and a return on equity of 12.69%. The firm had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. As a group, equities research analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction that occurred on 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 approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.46% of the stock is currently owned by 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.