Northwestern Mutual Wealth Management Co. Raises Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Northwestern Mutual Wealth Management Co. raised its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 4.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,720 shares of the software maker’s stock after purchasing an additional 239 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in ANSYS were worth $1,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC increased its stake in shares of ANSYS by 12.0% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 2,014 shares of the software maker’s stock worth $731,000 after purchasing an additional 216 shares in the last quarter. Cetera Advisor Networks LLC boosted its holdings in shares of ANSYS by 3.5% in the fourth quarter. Cetera Advisor Networks LLC now owns 11,473 shares of the software maker’s stock worth $4,163,000 after acquiring an additional 389 shares during the period. Personal CFO Solutions LLC grew its position in shares of ANSYS by 2.6% in the fourth quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock valued at $493,000 after purchasing an additional 34 shares in the last quarter. Natixis Investment Managers International grew its position in shares of ANSYS by 22.3% in the fourth quarter. Natixis Investment Managers International now owns 516 shares of the software maker’s stock valued at $187,000 after purchasing an additional 94 shares in the last quarter. Finally, Ossiam raised its stake in shares of ANSYS by 53.9% during the 4th quarter. Ossiam now owns 2,372 shares of the software maker’s stock valued at $861,000 after purchasing an additional 831 shares during the period. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Price Performance

ANSS stock opened at $315.73 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. The firm has a market cap of $27.56 billion, a P/E ratio of 63.40, a P/E/G ratio of 6.89 and a beta of 1.11. The firm’s fifty day moving average is $315.97 and its 200 day moving average is $324.02. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.58. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The business had revenue of $594.14 million for the quarter, compared to analysts’ expectations of $550.30 million. During the same period in the previous year, the firm earned $1.06 EPS. The business’s quarterly revenue was up 19.6% on a year-over-year basis. Research analysts predict that ANSYS, Inc. will post 7.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ANSS shares. StockNews.com assumed coverage on ANSYS in a report on Sunday, September 22nd. They set a “hold” rating for the company. KeyCorp assumed coverage on shares of ANSYS in a research note on Thursday, June 27th. They set a “sector weight” rating for the company. Finally, Rosenblatt Securities dropped their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $318.33.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 159 shares of ANSYS stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $330.81, for a total transaction of $52,598.79. Following the sale, the director now directly owns 3,782 shares of the company’s stock, valued at approximately $1,251,123.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is owned by insiders.

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.