Allegheny Financial Group Sells 5,466 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Allegheny Financial Group trimmed its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,678 shares of the software maker's stock after selling 5,466 shares during the period. ANSYS makes up approximately 4.5% of Allegheny Financial Group's holdings, making the stock its 5th largest holding. Allegheny Financial Group owned approximately 0.06% of ANSYS worth $17,433,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC raised its holdings in shares of ANSYS by 78.7% in the 4th quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker's stock worth $2,036,000 after buying an additional 2,659 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of ANSYS by 34.9% in the 3rd 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 during the last quarter. Oak Thistle LLC bought a new position in ANSYS during the 4th quarter valued at about $255,000. Ulland Investment Advisors LLC boosted its position in ANSYS by 107.6% in the fourth quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker's stock valued at $889,000 after buying an additional 1,366 shares in the last quarter. Finally, CCLA Investment Management increased its holdings in shares of ANSYS by 11.9% during the fourth quarter. CCLA Investment Management now owns 445,891 shares of the software maker's stock worth $150,381,000 after buying an additional 47,331 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the sale, the director now directly owns 3,230 shares in the company, valued at $969,032.30. This represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.46% of the stock is currently owned by insiders.

ANSYS Price Performance

ANSS traded up $3.31 on Wednesday, hitting $325.90. 65,615 shares of the stock were exchanged, compared to its average volume of 482,469. 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 firm has a market capitalization of $28.65 billion, a price-to-earnings ratio of 49.75, a PEG ratio of 3.48 and a beta of 1.21. The business has a 50-day moving average of $314.60 and a two-hundred day moving average of $331.58.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The business had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. During the same period last year, the firm posted $1.39 EPS. ANSYS's quarterly revenue was up 8.2% on a year-over-year basis. Sell-side analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on ANSS. Rosenblatt Securities lifted 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 lowered ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday.

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.