Thrive Wealth Management LLC Buys 79 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Thrive Wealth Management LLC lifted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 12.0% during the second quarter, HoldingsChannel reports. The firm owned 740 shares of the software maker’s stock after acquiring an additional 79 shares during the quarter. Thrive Wealth Management LLC’s holdings in ANSYS were worth $244,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ANSS. Vanguard Group Inc. raised its position in ANSYS by 1.2% during the first quarter. Vanguard Group Inc. now owns 9,524,822 shares of the software maker’s stock worth $3,025,560,000 after acquiring an additional 110,111 shares in the last quarter. BlackRock Inc. grew its holdings in ANSYS by 4.9% during the first quarter. BlackRock Inc. now owns 9,226,734 shares of the software maker’s stock worth $3,070,657,000 after purchasing an additional 430,927 shares during the period. State Street Corp increased its position in ANSYS by 2.7% during the first quarter. State Street Corp now owns 3,471,286 shares of the software maker’s stock worth $1,155,244,000 after buying an additional 90,769 shares during the last quarter. Bamco Inc. NY raised its stake in ANSYS by 3.1% in the fourth quarter. Bamco Inc. NY now owns 1,953,122 shares of the software maker’s stock valued at $471,855,000 after buying an additional 59,073 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of ANSYS by 2.1% in the first quarter. Geode Capital Management LLC now owns 1,868,168 shares of the software maker’s stock valued at $620,366,000 after buying an additional 38,946 shares during the last quarter. Institutional investors and hedge funds own 90.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ANSS. TheStreet lowered ANSYS from a “b-” rating to a “c+” rating in a report on Tuesday, August 22nd. StockNews.com began coverage on shares of ANSYS in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $310.00 price objective on shares of ANSYS in a research report on Friday, August 4th. Rosenblatt Securities reaffirmed a “buy” rating and set a $320.00 target price on shares of ANSYS in a report on Friday, August 4th. Finally, Barclays increased their price target on shares of ANSYS from $292.00 to $303.00 and gave the company an “underweight” rating in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $317.45.

ANSYS Stock Up 0.4 %

NASDAQ ANSS opened at $311.92 on Tuesday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.15. The company has a market cap of $27.07 billion, a price-to-earnings ratio of 51.99, a PEG ratio of 5.96 and a beta of 1.24. The company has a 50 day moving average of $318.98 and a 200-day moving average of $317.18. ANSYS, Inc. has a 1-year low of $194.23 and a 1-year high of $351.23.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Thursday, August 3rd. The software maker reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.11. The firm had revenue of $496.60 million during the quarter, compared to analysts’ expectations of $490.05 million. ANSYS had a return on equity of 11.83% and a net margin of 24.12%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.39 EPS. On average, equities research analysts expect that ANSYS, Inc. will post 6.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ANSYS news, CEO Ajei Gopal sold 13,262 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $350.04, for a total value of $4,642,230.48. Following the transaction, the chief executive officer now directly owns 213,977 shares of the company’s stock, valued at approximately $74,900,509.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $298.99, for a total transaction of $59,798.00. Following the completion of the sale, the director now directly owns 3,621 shares in the company, valued at approximately $1,082,642.79. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ajei Gopal sold 13,262 shares of ANSYS stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $350.04, for a total value of $4,642,230.48. Following the completion of the transaction, the chief executive officer now owns 213,977 shares in the company, valued at approximately $74,900,509.08. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite and the cloud; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.