Brasada Capital Management LP Purchases 2,856 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Brasada Capital Management LP lifted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 7.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,404 shares of the software maker's stock after purchasing an additional 2,856 shares during the quarter. ANSYS comprises about 2.5% of Brasada Capital Management LP's holdings, making the stock its 10th biggest holding. Brasada Capital Management LP's holdings in ANSYS were worth $14,298,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Ameliora Wealth Management Ltd. purchased a new position in shares of ANSYS in the 4th quarter valued at about $27,000. Assetmark Inc. lifted its stake in ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after purchasing an additional 103 shares during the last quarter. Millstone Evans Group LLC acquired a new position in ANSYS in the fourth quarter valued at approximately $42,000. SBI Securities Co. Ltd. purchased a new position in ANSYS in the fourth quarter valued at approximately $47,000. Finally, Allworth Financial LP increased its stake in ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker's stock valued at $92,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the transaction, the director now directly owns 3,230 shares in the company, valued at approximately $969,032.30. This trade represents a 5.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by insiders.

ANSYS Stock Performance

Shares of ANSS stock traded down $4.63 during trading hours on Monday, hitting $316.05. The stock had a trading volume of 170,414 shares, compared to its average volume of 482,266. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The firm has a market capitalization of $27.70 billion, a PE ratio of 48.22, a PEG ratio of 3.48 and a beta of 1.20. The stock's 50 day moving average is $316.25 and its 200 day moving average is $331.91. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing analysts' consensus estimates of $3.97 by ($0.32). The business had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. As a group, research analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of ANSYS from a "hold" rating to a "buy" rating in a report on Friday, April 18th. Rosenblatt Securities upped their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st.

About ANSYS

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.