Cetera Advisor Networks LLC Sells 153 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Cetera Advisor Networks LLC lowered its position in ANSYS, Inc. (NASDAQ:ANSS) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,544 shares of the software maker’s stock after selling 153 shares during the quarter. Cetera Advisor Networks LLC’s holdings in ANSYS were worth $3,813,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Aureus Asset Management LLC bought a new position in shares of ANSYS in the first quarter worth $233,000. Vestmark Advisory Solutions Inc. increased its stake in ANSYS by 1.3% in the second quarter. Vestmark Advisory Solutions Inc. now owns 25,409 shares of the software maker’s stock valued at $8,392,000 after acquiring an additional 338 shares during the last quarter. CWM LLC increased its stake in ANSYS by 2.5% in the second quarter. CWM LLC now owns 2,078 shares of the software maker’s stock valued at $686,000 after acquiring an additional 51 shares during the last quarter. Balentine LLC increased its stake in ANSYS by 4.6% in the first quarter. Balentine LLC now owns 1,874 shares of the software maker’s stock valued at $624,000 after acquiring an additional 82 shares during the last quarter. Finally, Raymond James & Associates increased its stake in ANSYS by 1.4% in the second quarter. Raymond James & Associates now owns 138,008 shares of the software maker’s stock valued at $45,580,000 after acquiring an additional 1,881 shares during the last quarter. Institutional investors own 90.21% of the company’s stock.

Insider Transactions at ANSYS

In other ANSYS news, CEO Ajei Gopal sold 9,566 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $298.29, for a total value of $2,853,442.14. Following the completion of the sale, the chief executive officer now directly owns 213,977 shares in the company, valued at $63,827,199.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other ANSYS news, CEO Ajei Gopal sold 9,566 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $298.29, for a total value of $2,853,442.14. Following the completion of the sale, the chief executive officer now directly owns 213,977 shares in the company, valued at $63,827,199.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Glenda Dorchak sold 222 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $292.95, for a total transaction of $65,034.90. Following the completion of the sale, the director now owns 3,399 shares of the company’s stock, valued at $995,737.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,058 shares of company stock worth $6,663,649. Company insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Oppenheimer reduced their target price on ANSYS from $400.00 to $320.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. Bank of America cut ANSYS from a “buy” rating to an “underperform” rating and reduced their target price for the company from $356.00 to $295.00 in a research note on Tuesday, November 14th. William Blair reaffirmed a “market perform” rating on shares of ANSYS in a research note on Thursday, November 2nd. StockNews.com started coverage on ANSYS in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Royal Bank of Canada reduced their price objective on ANSYS from $310.00 to $290.00 and set a “sector perform” rating on the stock in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, ANSYS presently has a consensus rating of “Hold” and a consensus price target of $313.90.

ANSYS Stock Performance

ANSYS stock opened at $302.44 on Tuesday. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average of $293.27 and a 200-day moving average of $309.52. The firm has a market cap of $26.27 billion, a P/E ratio of 54.59, a P/E/G ratio of 5.85 and a beta of 1.20. ANSYS, Inc. has a 1-year low of $230.00 and a 1-year high of $351.23.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite and the cloud; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.