GF Fund Management CO. LTD. Acquires New Position in ANSYS, Inc. (NASDAQ:ANSS)

GF Fund Management CO. LTD. bought a new position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 16,574 shares of the software maker's stock, valued at approximately $5,591,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ANSS. Ameliora Wealth Management Ltd. bought a new stake in ANSYS during the 4th quarter valued at about $27,000. Quarry LP grew its position in shares of ANSYS by 1,550.0% in the 4th quarter. Quarry LP now owns 99 shares of the software maker's stock worth $33,000 after buying an additional 93 shares during the last quarter. Assetmark Inc. grew its position in shares of ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after buying an additional 103 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of ANSYS in the 4th quarter worth approximately $42,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of ANSYS in the 4th quarter worth approximately $43,000. Institutional investors own 92.39% of the company's stock.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the company'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 sale, the director now owns 3,230 shares of the company's stock, valued at $969,032.30. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

ANSS has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Rosenblatt Securities boosted their target price 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.

ANSYS Stock Performance

NASDAQ:ANSS traded down $1.19 during trading hours on Thursday, hitting $328.74. 1,451,716 shares of the company were exchanged, compared to its average volume of 507,328. The stock has a market capitalization of $28.90 billion, a price-to-earnings ratio of 50.19, a PEG ratio of 3.48 and a beta of 1.21. ANSYS, Inc. has a 52-week low of $275.06 and a 52-week high of $363.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The company's 50 day moving average price is $320.32 and its 200-day moving average price is $333.04.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.11). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The business's revenue was up 8.2% on a year-over-year basis. As a group, research analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current 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.