15,255 Shares in ANSYS, Inc. (NASDAQ:ANSS) Acquired by Tairen Capital Ltd

Tairen Capital Ltd bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,255 shares of the software maker's stock, valued at approximately $5,146,000.

A number of other hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC boosted its position in ANSYS by 11.2% during the fourth quarter. Tidal Investments LLC now owns 12,060 shares of the software maker's stock worth $4,068,000 after acquiring an additional 1,219 shares during the last quarter. Toronto Dominion Bank boosted its position in ANSYS by 3.4% during the fourth quarter. Toronto Dominion Bank now owns 49,378 shares of the software maker's stock worth $16,657,000 after acquiring an additional 1,603 shares during the last quarter. Snowden Capital Advisors LLC boosted its position in ANSYS by 6.2% during the fourth quarter. Snowden Capital Advisors LLC now owns 923 shares of the software maker's stock worth $311,000 after acquiring an additional 54 shares during the last quarter. Siemens Fonds Invest GmbH boosted its holdings in shares of ANSYS by 1,120.4% in the 4th quarter. Siemens Fonds Invest GmbH now owns 22,125 shares of the software maker's stock valued at $7,463,000 after purchasing an additional 20,312 shares during the last quarter. Finally, Sona Asset Management US LLC boosted its holdings in shares of ANSYS by 46.6% in the 4th quarter. Sona Asset Management US LLC now owns 85,377 shares of the software maker's stock valued at $28,800,000 after purchasing an additional 27,145 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the firm'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 transaction, the director now owns 3,230 shares of the company's stock, valued at approximately $969,032.30. This trade represents a 5.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.61% of the company's stock.

ANSYS Stock Up 0.9%

Shares of ANSS opened at $346.63 on Friday. The firm has a market cap of $30.47 billion, a PE ratio of 52.92, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. The company's fifty day moving average is $317.11 and its two-hundred day moving average is $332.47. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $363.03. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued 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 net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $504.89 million during the quarter, compared to analysts' expectations of $516.81 million. During the same period in the prior year, the business posted $1.39 EPS. The business's revenue was up 8.2% on a year-over-year basis. Analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Analysts Set New Price Targets

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.