Icon Wealth Advisors LLC Invests $982,000 in ANSYS, Inc. (NASDAQ:ANSS)

Icon Wealth Advisors LLC bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,705 shares of the software maker’s stock, valued at approximately $982,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Junto Capital Management LP bought a new stake in ANSYS in the 4th quarter worth about $10,032,000. Wasatch Advisors LP grew its position in ANSYS by 57.6% in the 4th quarter. Wasatch Advisors LP now owns 2,046 shares of the software maker’s stock worth $742,000 after purchasing an additional 748 shares in the last quarter. Sei Investments Co. boosted its stake in ANSYS by 18.6% in the fourth quarter. Sei Investments Co. now owns 423,106 shares of the software maker’s stock valued at $153,537,000 after acquiring an additional 66,338 shares during the last quarter. Core Wealth Advisors Inc. purchased a new position in ANSYS in the fourth quarter valued at about $40,000. Finally, Evercore Wealth Management LLC boosted its stake in ANSYS by 6.0% in the fourth quarter. Evercore Wealth Management LLC now owns 221,024 shares of the software maker’s stock valued at $80,205,000 after acquiring an additional 12,452 shares during the last quarter. 92.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Barclays upped their price target 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. StockNews.com initiated coverage on shares of ANSYS in a research note on Monday. They set a “hold” rating on the stock. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $320.00.

ANSYS Price Performance

Shares of NASDAQ:ANSS traded down $2.01 during trading on Tuesday, reaching $321.30. The company had a trading volume of 128,997 shares, compared to its average volume of 611,895. The company has a fifty day moving average of $328.30 and a two-hundred day moving average of $329.77. The stock has a market capitalization of $28.05 billion, a P/E ratio of 64.92, a price-to-earnings-growth ratio of 7.11 and a beta of 1.14. ANSYS, Inc. has a 12 month low of $258.01 and a 12 month high of $364.31. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). The company had revenue of $466.60 million during the quarter, compared to the consensus estimate of $549.85 million. ANSYS had a return on equity of 10.45% and a net margin of 19.51%. ANSYS’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.45 EPS. Equities research analysts forecast that ANSYS, Inc. will post 7.16 earnings per share for the current year.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of ANSYS 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.46% of the company’s stock.

ANSYS 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.