Burling Wealth Partners LLC Takes Position in ANSYS, Inc. (NASDAQ:ANSS)

Burling Wealth Partners LLC acquired a new position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,356 shares of the software maker's stock, valued at approximately $457,000.

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

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction 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 owns 3,230 shares of the company's stock, valued at approximately $969,032.30. The trade was a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is currently owned by company insiders.

ANSYS Trading Down 0.7 %

NASDAQ ANSS traded down $2.19 during trading on Wednesday, hitting $317.63. The stock had a trading volume of 172,716 shares, compared to its average volume of 482,557. The stock has a market capitalization of $27.84 billion, a price-to-earnings ratio of 48.49, a P/E/G ratio of 3.48 and a beta of 1.20. The stock has a 50 day simple moving average of $315.46 and a 200 day simple moving average of $331.75. ANSYS, Inc. has a one year low of $275.06 and a one 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.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. Sell-side analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

ANSYS 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.