Concentric Capital Strategies LP Makes New Investment in ANSYS, Inc. (NASDAQ:ANSS)

Concentric Capital Strategies LP bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,093 shares of the software maker's stock, valued at approximately $4,754,000.

Several other institutional investors and hedge funds have also bought and sold shares of ANSS. Ameliora Wealth Management Ltd. bought a new stake in shares of ANSYS during the fourth quarter worth approximately $27,000. Quarry LP increased its position in ANSYS by 1,550.0% during the 4th quarter. Quarry LP now owns 99 shares of the software maker's stock worth $33,000 after buying an additional 93 shares during the period. Assetmark Inc. boosted its holdings in ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after purchasing an additional 103 shares during the period. Millstone Evans Group LLC acquired a new stake in shares of ANSYS during the 4th quarter worth $42,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of ANSYS in the 4th quarter valued at approximately $43,000. Institutional investors own 92.39% of the company's stock.

ANSYS Price Performance

Shares of ANSYS stock traded up $10.13 during trading on Monday, hitting $343.87. The stock had a trading volume of 383,832 shares, compared to its average volume of 555,684. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03. The business's 50-day moving average is $314.85 and its 200 day moving average is $331.79. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The firm has a market cap of $30.23 billion, a price-to-earnings ratio of 52.48, a P/E/G ratio of 3.48 and a beta of 1.21.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). The business had revenue of $504.89 million for 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.39 EPS. As a group, sell-side analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business's 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 sale, the director now directly owns 3,230 shares of the company's stock, valued at $969,032.30. The trade was a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.46% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.