Algert Global LLC Purchases Shares of 1,760 ANSYS, Inc. (NASDAQ:ANSS)

Algert Global LLC bought a new stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,760 shares of the software maker's stock, valued at approximately $594,000.

A number of other institutional investors have also bought and sold shares of ANSS. Wealth Enhancement Advisory Services LLC boosted its position in shares of ANSYS by 2.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,219 shares of the software maker's stock worth $1,026,000 after purchasing an additional 72 shares in the last quarter. Graypoint LLC acquired a new position in ANSYS during the 4th quarter worth approximately $214,000. Czech National Bank boosted its holdings in ANSYS by 6.5% in the fourth quarter. Czech National Bank now owns 18,961 shares of the software maker's stock worth $6,396,000 after acquiring an additional 1,160 shares in the last quarter. Wedmont Private Capital grew its stake in ANSYS by 1.8% in the fourth quarter. Wedmont Private Capital now owns 2,215 shares of the software maker's stock valued at $748,000 after acquiring an additional 39 shares during the period. Finally, FNY Investment Advisers LLC increased its holdings in shares of ANSYS by 78.7% during the fourth quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker's stock valued at $2,036,000 after acquiring an additional 2,659 shares in the last quarter. Institutional investors own 92.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ANSS shares. Rosenblatt Securities increased their target price on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th.

ANSYS Stock Up 0.2%

Shares of ANSYS stock traded up $0.79 on Wednesday, hitting $347.87. The company had a trading volume of 628,155 shares, compared to its average volume of 490,575. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year high of $363.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The stock has a 50 day moving average of $315.64 and a 200-day moving average of $332.05. The stock has a market capitalization of $30.58 billion, a price-to-earnings ratio of 53.11, a P/E/G ratio of 3.48 and a beta of 1.21.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.11). The business had revenue of $504.89 million during the quarter, compared to the consensus estimate of $516.81 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business's revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.39 earnings per share. As a group, sell-side analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the transaction, the director now directly owns 3,230 shares of the company's stock, valued at approximately $969,032.30. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.46% 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.