Concentric Capital Strategies LP purchased 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 SEC. The fund purchased 14,093 shares of the software maker's stock, valued at approximately $4,754,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ANSS. FNY Investment Advisers LLC raised its stake 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 worth $2,036,000 after purchasing an additional 2,659 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of ANSYS in the 4th quarter worth $255,000. Ulland Investment Advisors LLC boosted its holdings in shares of ANSYS by 107.6% in the fourth quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker's stock valued at $889,000 after acquiring an additional 1,366 shares in the last quarter. CCLA Investment Management increased its stake in shares of ANSYS by 11.9% during the fourth quarter. CCLA Investment Management now owns 445,891 shares of the software maker's stock worth $150,381,000 after acquiring an additional 47,331 shares during the period. Finally, Alpine Associates Management Inc. raised its holdings in ANSYS by 8.2% during the fourth quarter. Alpine Associates Management Inc. now owns 443,583 shares of the software maker's stock worth $149,634,000 after purchasing an additional 33,600 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have issued reports on ANSS. Rosenblatt Securities boosted their target price on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday.
View Our Latest Research Report on ANSS
Insider Activity
In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the sale, the director now owns 3,230 shares in the company, valued at approximately $969,032.30. This represents a 5.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.46% of the company's stock.
ANSYS Price Performance
Shares of ANSS stock traded down $0.67 during midday trading on Friday, reaching $333.78. 368,213 shares of the company traded hands, compared to its average volume of 486,838. The firm's 50 day simple moving average is $314.85 and its two-hundred day simple moving average is $331.65. The firm has a market cap of $29.34 billion, a PE ratio of 50.96, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. ANSYS, Inc. has a 1-year low of $275.06 and a 1-year high of $363.03.
ANSYS (NASDAQ:ANSS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $504.89 million for the quarter, compared to analysts' expectations of $516.81 million. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities research analysts expect that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.
About ANSYS
(
Free Report)
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.
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