GAMMA Investing LLC Acquires 747 Shares of ANSYS, Inc. (NASDAQ:ANSS)

GAMMA Investing LLC increased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 48.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,298 shares of the software maker's stock after purchasing an additional 747 shares during the period. GAMMA Investing LLC's holdings in ANSYS were worth $727,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. NBC Securities Inc. bought a new stake in ANSYS during the first quarter valued at $31,000. Quarry LP raised its holdings in shares of ANSYS by 1,550.0% in the 4th quarter. Quarry LP now owns 99 shares of the software maker's stock valued at $33,000 after acquiring an additional 93 shares in the last quarter. Assetmark Inc. boosted its position in shares of ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after acquiring an additional 103 shares during the last quarter. Millstone Evans Group LLC bought a new stake in shares of ANSYS during the 4th quarter valued at about $42,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of ANSYS in the fourth quarter worth approximately $43,000. Institutional investors own 92.39% of the company's stock.

Insider Transactions at ANSYS

In other 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 completion of the transaction, the director directly owned 3,230 shares of the company's stock, valued at approximately $969,032.30. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by company insiders.

ANSYS Price Performance

NASDAQ:ANSS traded up $1.92 during mid-day trading on Tuesday, reaching $353.14. The stock had a trading volume of 735,009 shares, compared to its average volume of 517,988. ANSYS, Inc. has a one year low of $275.06 and a one year high of $363.03. The stock has a market capitalization of $31.05 billion, a P/E ratio of 52.39, a P/E/G ratio of 3.57 and a beta of 1.19. The firm has a 50 day moving average price of $335.32 and a two-hundred day moving average price of $331.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.66 and a current ratio of 3.66.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing the consensus estimate 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 net margin of 22.95% and a return on equity of 12.38%. The company's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 earnings per share. As a group, analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.

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.