Tidal Investments LLC Increases Stake in ANSYS, Inc. (NASDAQ:ANSS)

Tidal Investments LLC grew its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 11.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,060 shares of the software maker's stock after acquiring an additional 1,219 shares during the quarter. Tidal Investments LLC's holdings in ANSYS were worth $4,068,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ANSS. Ulland Investment Advisors LLC lifted its stake in shares of ANSYS by 107.6% in the 4th quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker's stock valued at $889,000 after purchasing an additional 1,366 shares during the last quarter. Alpine Associates Management Inc. grew its stake in shares of ANSYS by 8.2% in the fourth quarter. Alpine Associates Management Inc. now owns 443,583 shares of the software maker's stock worth $149,634,000 after acquiring an additional 33,600 shares in the last quarter. Magnetar Financial LLC increased its holdings in ANSYS by 0.8% during the 4th quarter. Magnetar Financial LLC now owns 219,625 shares of the software maker's stock worth $74,086,000 after purchasing an additional 1,824 shares during the period. Mizuho Securities USA LLC raised its holdings in ANSYS by 46.3% in the fourth quarter. Mizuho Securities USA LLC now owns 8,288 shares of the software maker's stock valued at $2,796,000 after acquiring an additional 2,621 shares in the last quarter. Finally, Prudential PLC lifted its position in shares of ANSYS by 5.9% during the 4th quarter. Prudential PLC now owns 37,833 shares of the software maker's stock worth $12,762,000 after purchasing an additional 2,122 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

Insider Activity at ANSYS

In other ANSYS 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 transaction of $60,002.00. Following the transaction, the director now directly 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 document filed with the SEC, which is available at the SEC website. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ANSS. Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Rosenblatt Securities upped their target price 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 Stock Performance

Shares of ANSYS stock traded down $1.48 on Monday, hitting $342.17. The stock had a trading volume of 429,409 shares, compared to its average volume of 496,015. The stock has a market cap of $30.08 billion, a price-to-earnings ratio of 52.24, a P/E/G ratio of 3.48 and a beta of 1.21. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 52-week low of $275.06 and a 52-week high of $363.03. The company's 50 day moving average price is $319.35 and its 200 day moving average price is $332.95.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings data 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 during 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%. ANSYS's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 EPS. On average, research analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

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.