Arkadios Wealth Advisors Has $670,000 Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Posted by Defense World Staff on Mar 20th, 2023

Arkadios Wealth Advisors increased its position in ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,774 shares of the software maker’s stock after purchasing an additional 105 shares during the quarter. Arkadios Wealth Advisors’ holdings in ANSYS were worth $670,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. American Century Companies Inc. raised its stake in ANSYS by 12.4% in the first quarter. American Century Companies Inc. now owns 2,254 shares of the software maker’s stock valued at $716,000 after buying an additional 248 shares during the period. Panagora Asset Management Inc. lifted its holdings in ANSYS by 59.0% during the 1st quarter. Panagora Asset Management Inc. now owns 4,430 shares of the software maker’s stock valued at $1,407,000 after purchasing an additional 1,643 shares during the last quarter. Cibc World Market Inc. lifted its holdings in ANSYS by 7.3% during the 1st quarter. Cibc World Market Inc. now owns 2,323 shares of the software maker’s stock valued at $738,000 after purchasing an additional 158 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in ANSYS by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 301,397 shares of the software maker’s stock worth $95,742,000 after purchasing an additional 10,284 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in shares of ANSYS by 4.5% in the first quarter. Allianz Asset Management GmbH now owns 71,045 shares of the software maker’s stock valued at $22,567,000 after purchasing an additional 3,063 shares during the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Stock Down 1.0 %

ANSS stock opened at $311.09 on Monday. ANSYS, Inc. has a 52 week low of $194.23 and a 52 week high of $328.94. The business has a 50-day simple moving average of $277.57 and a 200 day simple moving average of $250.19. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.15. The company has a market cap of $27.09 billion, a PE ratio of 51.93, a price-to-earnings-growth ratio of 6.06 and a beta of 1.24.

ANSYS (NASDAQ:ANSS – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The software maker reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.29. The company had revenue of $694.70 million during the quarter, compared to the consensus estimate of $649.47 million. ANSYS had a net margin of 25.35% and a return on equity of 12.22%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.41 EPS. Sell-side analysts anticipate that ANSYS, Inc. will post 6.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. TheStreet raised shares of ANSYS from a “c+” rating to a “b” rating in a report on Wednesday, February 22nd. Mizuho boosted their price objective on ANSYS from $220.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, February 24th. Loop Capital increased their target price on ANSYS from $230.00 to $310.00 in a research note on Friday, February 24th. Rosenblatt Securities boosted their price target on ANSYS from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, February 24th. Finally, Oppenheimer upped their price objective on ANSYS from $275.00 to $330.00 in a report on Thursday, February 23rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $286.25.

Insider Transactions at ANSYS

In related news, SVP Shane Emswiler sold 3,859 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $307.82, for a total value of $1,187,877.38. Following the sale, the senior vice president now directly owns 25,990 shares of the company’s stock, valued at $8,000,241.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Shane Emswiler sold 3,859 shares of the stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $307.82, for a total value of $1,187,877.38. Following the completion of the transaction, the senior vice president now owns 25,990 shares of the company’s stock, valued at approximately $8,000,241.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Janet Lee sold 984 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $300.31, for a total transaction of $295,505.04. Following the completion of the sale, the senior vice president now owns 24,384 shares in the company, valued at approximately $7,322,759.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,262 shares of company stock valued at $4,517,182. Corporate insiders own 0.63% of the company’s stock.

ANSYS Company Profile

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ANSYS, Inc engages in the development and marketing of engineering simulation software and services. The firm’s solutions include automotive, aerospace and defense, construction, energy, materials and chemical processing, autonomous engineering, and electrification. The company was founded by John A.