ANSYS, Inc. (NASDAQ:ANSS) Shares Acquired by Focus Partners Wealth

Focus Partners Wealth raised its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 122.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,731 shares of the software maker's stock after acquiring an additional 1,501 shares during the quarter. Focus Partners Wealth's holdings in ANSYS were worth $921,000 as of its most recent filing with the Securities & Exchange Commission.

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

ANSYS Stock Up 0.2%

Shares of ANSS traded up $0.65 during mid-day trading on Thursday, hitting $343.65. The company's stock had a trading volume of 539,210 shares, compared to its average volume of 496,150. 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 company's 50-day moving average is $318.61 and its 200-day moving average is $332.86. ANSYS, Inc. has a 52-week low of $275.06 and a 52-week high of $363.03. The firm has a market capitalization of $30.21 billion, a price-to-earnings ratio of 52.47, a PEG ratio of 3.48 and a beta of 1.21.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted 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 company had revenue of $504.89 million for the quarter, compared to analysts' expectations of $516.81 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 EPS. On average, equities research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ANSS. Wall Street Zen cut ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Rosenblatt Securities increased their price target on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, April 14th. The stock was 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 in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by company insiders.

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.