ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 46,802.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 727,455 shares of the software maker's stock after acquiring an additional 725,904 shares during the period. GAMMA Investing LLC owned approximately 0.83% of ANSYS worth $230,283,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Stock Yards Bank & Trust Co. grew its holdings in shares of ANSYS by 1.3% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker's stock worth $767,000 after acquiring an additional 30 shares during the period. Greenleaf Trust boosted its position in ANSYS by 0.9% during the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker's stock worth $1,232,000 after purchasing an additional 32 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in ANSYS by 2.8% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock worth $438,000 after purchasing an additional 35 shares in the last quarter. BTC Capital Management Inc. grew its holdings in ANSYS by 2.5% in the fourth quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker's stock valued at $506,000 after purchasing an additional 36 shares during the last quarter. Finally, Summerhill Capital Management lnc. increased its position in shares of ANSYS by 0.6% in the fourth quarter. Summerhill Capital Management lnc. now owns 6,139 shares of the software maker's stock valued at $2,071,000 after buying an additional 36 shares in 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 ANSYS stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the sale, the director now directly owns 3,230 shares of the company's stock, valued at approximately $969,032.30. The trade was a 5.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Rosenblatt Securities boosted their price objective on shares of ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. Wall Street Zen downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.

ANSYS Price Performance

Shares of NASDAQ ANSS traded up $2.42 during trading on Wednesday, reaching $337.31. The company had a trading volume of 280,465 shares, compared to its average volume of 519,070. 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 twelve month low of $275.06 and a twelve month high of $363.03. The stock has a 50-day moving average price of $320.91 and a two-hundred day moving average price of $332.71. The stock has a market capitalization of $29.65 billion, a PE ratio of 51.50, a price-to-earnings-growth ratio of 3.48 and a beta of 1.19.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced 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 firm had revenue of $504.89 million during 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%. The company'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 firm posted $1.39 EPS. As a group, sell-side analysts predict that ANSYS, Inc. will post 8.32 earnings per share 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.