Cypress Asset Management Inc. TX Purchases Shares of 2,105 ANSYS, Inc. (NASDAQ:ANSS)

Cypress Asset Management Inc. TX purchased a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,105 shares of the software maker's stock, valued at approximately $710,000.

Several other institutional investors have also added to or reduced their stakes in ANSS. Merit Financial Group LLC purchased a new stake in shares of ANSYS during the fourth quarter worth about $208,000. SG Americas Securities LLC lifted its holdings in ANSYS by 26.1% in the fourth quarter. SG Americas Securities LLC now owns 11,161 shares of the software maker's stock worth $3,765,000 after buying an additional 2,307 shares during the period. Mutual Advisors LLC purchased a new stake in ANSYS in the fourth quarter worth about $215,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in ANSYS by 2,593.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,616 shares of the software maker's stock worth $545,000 after buying an additional 1,556 shares during the period. Finally, Cyndeo Wealth Partners LLC purchased a new stake in ANSYS in the fourth quarter worth about $201,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the transaction, the director now directly 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

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

ANSYS Stock Performance

Shares of ANSYS stock traded down $18.30 on Wednesday, hitting $329.93. 2,275,791 shares of the company's stock were exchanged, compared to its average volume of 503,535. 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, Inc. has a 1 year low of $275.06 and a 1 year high of $363.03. The company has a 50-day simple moving average of $320.21 and a 200-day simple moving average of $333.06. The stock has a market capitalization of $29.01 billion, a PE ratio of 50.37, a PEG ratio of 3.48 and a beta of 1.21.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its 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 firm had revenue of $504.89 million for the quarter, compared to analysts' expectations of $516.81 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.39 EPS. As a group, equities analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

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.