Cary Street Partners Financial LLC Buys New Stake in ANSYS, Inc. (NASDAQ:ANSS)

Cary Street Partners Financial LLC purchased a new stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,772 shares of the software maker's stock, valued at approximately $598,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ANSS. Wealth Enhancement Advisory Services LLC boosted its holdings in ANSYS by 2.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,219 shares of the software maker's stock valued at $1,026,000 after purchasing an additional 72 shares during the last quarter. Graypoint LLC purchased a new position in ANSYS in the fourth quarter valued at about $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 valued at $6,396,000 after purchasing an additional 1,160 shares during the last quarter. Wedmont Private Capital boosted its holdings 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 purchasing an additional 39 shares during the last quarter. Finally, FNY Investment Advisers LLC raised its stake in 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 buying an additional 2,659 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the firm's 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 sale, the director now directly owns 3,230 shares in the company, valued at $969,032.30. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is owned by insiders.

ANSYS Stock Performance

NASDAQ:ANSS traded up $1.29 during trading hours on Wednesday, reaching $348.37. 274,187 shares of the stock were exchanged, compared to its average volume of 489,220. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The firm has a 50 day simple moving average of $315.64 and a 200-day simple moving average of $332.05. The stock has a market capitalization of $30.63 billion, a P/E ratio of 53.19, a P/E/G ratio of 3.48 and a beta of 1.21. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). The company had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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 fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on ANSS shares. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. 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.

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.