Cwm LLC Boosts Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Cwm LLC raised its stake in ANSYS, Inc. (NASDAQ:ANSS) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,203 shares of the software maker’s stock after purchasing an additional 106 shares during the period. Cwm LLC’s holdings in ANSYS were worth $799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC purchased a new position in ANSYS in the fourth quarter valued at about $28,000. Raleigh Capital Management Inc. boosted its holdings in ANSYS by 135.7% in the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after acquiring an additional 57 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in ANSYS in the fourth quarter worth about $47,000. KB Financial Partners LLC boosted its holdings in ANSYS by 69.5% in the third quarter. KB Financial Partners LLC now owns 178 shares of the software maker’s stock worth $53,000 after acquiring an additional 73 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in ANSYS by 18.1% in the third quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock worth $72,000 after acquiring an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 150 shares of the 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 transaction, the director now owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.46% of the stock is owned by corporate insiders.

ANSYS Stock Performance

Shares of ANSYS stock opened at $329.87 on Tuesday. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31. The business’s fifty day simple moving average is $336.80 and its 200-day simple moving average is $321.84. The firm has a market cap of $28.80 billion, a PE ratio of 57.57, a price-to-earnings-growth ratio of 5.23 and a beta of 1.16. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, beating the consensus estimate of $3.71 by $0.23. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The business had revenue of $805.10 million for the quarter, compared to analyst estimates of $797.49 million. During the same quarter in the prior year, the company posted $2.61 EPS. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Equities analysts forecast that ANSYS, Inc. will post 7.39 earnings per share for the current year.

Analysts Set New Price Targets

ANSS has been the subject of a number of research reports. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 target price on shares of ANSYS in a report on Tuesday, March 5th. Mizuho dropped their price target on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research report on Wednesday, January 17th. Barclays boosted their price target on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. StockNews.com began coverage on ANSYS in a research report on Tuesday, April 23rd. They set a “hold” rating for the company. Finally, Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Two equities 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 stock. According to data from MarketBeat, ANSYS has an average rating of “Hold” and an average price target of $320.00.

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.