Tandem Investment Advisors Inc. Has $3.88 Million Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Tandem Investment Advisors Inc. lessened its stake in ANSYS, Inc. (NASDAQ:ANSS) by 5.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,693 shares of the software maker’s stock after selling 574 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in ANSYS were worth $3,880,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. CVA Family Office LLC acquired a new stake in shares of ANSYS in the 4th quarter valued at approximately $28,000. Raleigh Capital Management Inc. lifted its holdings in ANSYS by 135.7% during the 3rd 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. KB Financial Partners LLC lifted its holdings in ANSYS by 854.5% during the 2nd quarter. KB Financial Partners LLC now owns 105 shares of the software maker’s stock valued at $35,000 after purchasing an additional 94 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in ANSYS during the 4th quarter valued at $47,000. Finally, Cornerstone Planning Group LLC acquired a new stake in ANSYS during the 2nd quarter valued at $50,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Price Performance

ANSS stock traded down $1.19 during midday trading on Wednesday, reaching $325.62. The company had a trading volume of 214,321 shares, compared to its average volume of 718,683. The company has a market capitalization of $28.43 billion, a price-to-earnings ratio of 56.86, a price-to-earnings-growth ratio of 5.26 and a beta of 1.16. The stock has a 50 day moving average price of $338.17 and a 200-day moving average price of $319.93. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. The business had revenue of $805.10 million during the quarter, compared to the consensus estimate of $797.49 million. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. ANSYS’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.61 earnings per share. Equities research analysts expect that ANSYS, Inc. will post 7.24 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. StockNews.com assumed coverage on ANSYS in a report on Monday. They set a “hold” rating for the company. Mizuho cut their price target on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. Wolfe Research reaffirmed a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Barclays raised their price target on ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a report on Thursday, February 22nd. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research report on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $322.75.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was 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 owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.53% of the company’s stock.

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.