North Star Asset Management Inc. Buys 1,139 Shares of ANSYS, Inc. (NASDAQ:ANSS)

North Star Asset Management Inc. raised its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 25.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,579 shares of the software maker's stock after purchasing an additional 1,139 shares during the period. North Star Asset Management Inc.'s holdings in ANSYS were worth $1,882,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Merit Financial Group LLC bought a new position in ANSYS in the 4th quarter valued at about $208,000. SG Americas Securities LLC boosted its position in shares of ANSYS by 26.1% during the 4th quarter. SG Americas Securities LLC now owns 11,161 shares of the software maker's stock worth $3,765,000 after acquiring an additional 2,307 shares in the last quarter. Mutual Advisors LLC bought a new position in ANSYS in the fourth quarter valued at approximately $215,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in ANSYS by 2,593.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,616 shares of the software maker's stock valued at $545,000 after acquiring an additional 1,556 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC acquired a new position in ANSYS during the fourth quarter valued at approximately $201,000. Institutional investors own 92.39% of the company's stock.

ANSYS Price Performance

NASDAQ:ANSS traded down $18.30 on Wednesday, hitting $329.93. The company had a trading volume of 2,275,791 shares, compared to its average volume of 503,535. The stock has a market capitalization of $29.01 billion, a price-to-earnings ratio of 50.37, a PEG 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. The firm has a 50 day moving average of $320.21 and a two-hundred day moving average of $333.06. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued 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). The company had revenue of $504.89 million during the quarter, compared to the consensus estimate 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 company earned $1.39 EPS. On average, research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ANSS shares. Rosenblatt Securities lifted their price target on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th.

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.