Destination Wealth Management Boosts Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Destination Wealth Management grew its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 69,328 shares of the software maker’s stock after purchasing an additional 32 shares during the period. Destination Wealth Management’s holdings in ANSYS were worth $23,386,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. purchased a new stake in ANSYS in the fourth quarter worth approximately $27,000. Assetmark Inc. boosted its holdings in ANSYS by 468.2% in 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 last quarter. SBI Securities Co. Ltd. purchased a new stake in ANSYS in the fourth quarter worth approximately $47,000. Allworth Financial LP boosted its holdings in ANSYS by 33.7% in 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 purchased a new stake in ANSYS in the third quarter worth approximately $119,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the transaction, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.46% of the stock is currently owned by insiders.

ANSYS Stock Down 0.8 %

ANSS opened at $325.14 on Friday. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The company has a market capitalization of $28.50 billion, a PE ratio of 49.64, a PEG ratio of 3.48 and a beta of 1.11. The firm’s 50 day simple moving average is $340.77 and its two-hundred day simple moving average is $333.70.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). The firm had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. As a group, equities analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

Analyst Upgrades and Downgrades

ANSS has been the topic of several research reports. Robert W. Baird raised their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Rosenblatt Securities raised their target price on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st.

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.