ANSYS, Inc. (NASDAQ:ANSS) is Allegheny Financial Group's 5th Largest Position

Allegheny Financial Group trimmed its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 9.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,678 shares of the software maker's stock after selling 5,466 shares during the period. ANSYS makes up 4.5% of Allegheny Financial Group's investment portfolio, making the stock its 5th largest holding. Allegheny Financial Group owned 0.06% of ANSYS worth $17,433,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of ANSYS in the 3rd quarter worth $174,000. Tidal Investments LLC boosted its position in shares of ANSYS by 5.0% in the third quarter. Tidal Investments LLC now owns 10,841 shares of the software maker's stock worth $3,454,000 after purchasing an additional 520 shares during the period. JPMorgan Chase & Co. increased its stake in shares of ANSYS by 34.9% in the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker's stock worth $123,217,000 after purchasing an additional 100,042 shares in the last quarter. GAMMA Investing LLC raised its position in shares of ANSYS by 12.5% during the 4th quarter. GAMMA Investing LLC now owns 1,551 shares of the software maker's stock valued at $523,000 after purchasing an additional 172 shares during the period. Finally, One Wealth Capital Management LLC purchased a new position in shares of ANSYS during the 4th quarter valued at $226,000. Institutional investors own 92.39% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Rosenblatt Securities raised their price target on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a report on Monday, April 28th.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the transaction, the director now directly owns 3,230 shares in the company, valued at approximately $969,032.30. This trade represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.46% of the company's stock.

ANSYS Trading Down 1.2 %

Shares of ANSYS stock traded down $3.87 during trading on Monday, hitting $324.89. The stock had a trading volume of 751,583 shares, compared to its average volume of 484,788. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03. The stock has a market cap of $28.56 billion, a PE ratio of 49.60, a PEG ratio of 3.48 and a beta of 1.21. The firm's fifty day simple moving average is $314.90 and its 200-day simple moving average is $331.66.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.11). The firm had revenue of $504.89 million for the quarter, compared to analysts' expectations of $516.81 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.39 earnings per share. As a group, sell-side analysts expect that ANSYS, Inc. will post 8.32 EPS for the current fiscal 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.