ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lifted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 9.7% in the fourth quarter, HoldingsChannel reports. The fund owned 1,146 shares of the software maker’s stock after purchasing an additional 101 shares during the quarter. Parkside Financial Bank & Trust’s holdings in ANSYS were worth $416,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC acquired a new stake in ANSYS during the fourth quarter valued at approximately $28,000. Raleigh Capital Management Inc. lifted its stake in ANSYS by 135.7% during the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after purchasing an additional 57 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in ANSYS during the fourth quarter valued at approximately $47,000. KB Financial Partners LLC lifted its stake in ANSYS by 69.5% during the third quarter. KB Financial Partners LLC now owns 178 shares of the software maker’s stock valued at $53,000 after purchasing an additional 73 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its stake in ANSYS by 18.1% during the third quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock valued at $72,000 after purchasing an additional 37 shares during the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays increased their target price on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research note on Thursday, February 22nd. Wolfe Research restated a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. StockNews.com began coverage on shares of ANSYS in a research report on Tuesday. They issued a “hold” rating for the company. Mizuho dropped their price objective on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 17th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research note on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $323.86.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the transaction, the director now directly owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.53% of the company’s stock.

ANSYS Stock Performance

Shares of NASDAQ ANSS traded up $2.38 during trading hours on Tuesday, hitting $327.19. 85,954 shares of the stock were exchanged, compared to its average volume of 694,334. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30. The company’s 50 day moving average is $336.86 and its 200 day moving average is $320.86. The firm has a market capitalization of $28.56 billion, a P/E ratio of 56.90, a P/E/G ratio of 5.14 and a beta of 1.16. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The firm had revenue of $805.10 million during the quarter, compared to the consensus estimate of $797.49 million. During the same period in the prior year, the firm earned $2.61 EPS. The business’s revenue was up 15.9% on a year-over-year basis. On average, research analysts expect that ANSYS, Inc. will post 7.26 EPS for the current year.

ANSYS Company Profile

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.