Tidal Investments LLC grew its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,060 shares of the software maker's stock after acquiring an additional 1,219 shares during the period. Tidal Investments LLC's holdings in ANSYS were worth $4,068,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Toronto Dominion Bank raised its stake in shares of ANSYS by 3.4% in the 4th quarter. Toronto Dominion Bank now owns 49,378 shares of the software maker's stock valued at $16,657,000 after acquiring an additional 1,603 shares during the period. Snowden Capital Advisors LLC raised its stake in shares of ANSYS by 6.2% in the 4th quarter. Snowden Capital Advisors LLC now owns 923 shares of the software maker's stock valued at $311,000 after acquiring an additional 54 shares during the period. Siemens Fonds Invest GmbH raised its stake in shares of ANSYS by 1,120.4% in the 4th quarter. Siemens Fonds Invest GmbH now owns 22,125 shares of the software maker's stock valued at $7,463,000 after acquiring an additional 20,312 shares during the period. Sona Asset Management US LLC raised its stake in shares of ANSYS by 46.6% in the 4th quarter. Sona Asset Management US LLC now owns 85,377 shares of the software maker's stock valued at $28,800,000 after acquiring an additional 27,145 shares during the period. Finally, Rafferty Asset Management LLC raised its stake in shares of ANSYS by 1.6% in the 4th quarter. Rafferty Asset Management LLC now owns 68,308 shares of the software maker's stock valued at $23,042,000 after acquiring an additional 1,107 shares during the period. Hedge funds and other institutional investors own 92.39% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on ANSS shares. StockNews.com downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Rosenblatt Securities raised their target price on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st.
View Our Latest Analysis on ANSYS
ANSYS Price Performance
ANSS opened at $346.00 on Wednesday. The company has a fifty day simple moving average of $318.21 and a 200 day simple moving average of $332.79. The firm has a market cap of $30.42 billion, a price-to-earnings ratio of 52.82, a PEG ratio of 3.48 and a beta of 1.21. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03. 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 (NASDAQ:ANSS - Get Free Report) last released its quarterly 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 net margin of 22.62% and a return on equity of 12.69%. ANSYS's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.39 earnings per share. Equities research analysts expect that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.
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 completion of the transaction, the director now directly owns 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.61% of the company's stock.
ANSYS Profile
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Free Report)
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.
See Also
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