GAMMA Investing LLC Increases Holdings in ANSYS, Inc. (NASDAQ:ANSS)

GAMMA Investing LLC boosted its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 48.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,298 shares of the software maker's stock after purchasing an additional 747 shares during the quarter. GAMMA Investing LLC's holdings in ANSYS were worth $727,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. QRG Capital Management Inc. grew its position in ANSYS by 9.1% in the fourth quarter. QRG Capital Management Inc. now owns 4,422 shares of the software maker's stock valued at $1,492,000 after acquiring an additional 370 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of ANSYS during the fourth quarter worth about $300,000. Metis Global Partners LLC grew its holdings in shares of ANSYS by 4.1% during the fourth quarter. Metis Global Partners LLC now owns 5,805 shares of the software maker's stock worth $1,958,000 after purchasing an additional 228 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of ANSYS by 15.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,061 shares of the software maker's stock worth $359,000 after purchasing an additional 145 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in shares of ANSYS by 1.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,577 shares of the software maker's stock worth $1,207,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the sale, the director directly owned 3,230 shares of the company's stock, valued at $969,032.30. This trade represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

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

ANSYS Trading Up 3.2%

Shares of ANSYS stock traded up $11.39 on Friday, reaching $364.60. 874,214 shares of the company's stock were exchanged, compared to its average volume of 521,206. 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, Inc. has a 52 week low of $275.06 and a 52 week high of $368.00. The firm's 50-day moving average is $338.17 and its two-hundred day moving average is $332.28. The company has a market capitalization of $32.06 billion, a P/E ratio of 54.09, a price-to-earnings-growth ratio of 3.78 and a beta of 1.19.

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 analysts' consensus estimates of $1.75 by ($0.11). The firm had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. ANSYS had a return on equity of 12.38% and a net margin of 22.95%. ANSYS's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 earnings per share. Sell-side analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

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.