Phraction Management LLC Buys 14,723 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Phraction Management LLC grew its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 289.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,810 shares of the software maker's stock after purchasing an additional 14,723 shares during the quarter. ANSYS comprises about 2.1% of Phraction Management LLC's investment portfolio, making the stock its 19th biggest position. Phraction Management LLC's holdings in ANSYS were worth $6,271,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of ANSYS by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock valued at $3,590,462,000 after acquiring an additional 78,730 shares during the period. Geode Capital Management LLC boosted its holdings in ANSYS by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock valued at $796,033,000 after purchasing an additional 58,190 shares during the period. FIL Ltd boosted its holdings in ANSYS by 32.5% in the 4th quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock valued at $703,730,000 after purchasing an additional 511,557 shares during the period. Capital Research Global Investors acquired a new stake in ANSYS in the 4th quarter worth $695,129,000. Finally, Norges Bank bought a new position in shares of ANSYS during the 4th quarter worth about $615,566,000. Institutional investors and hedge funds own 92.39% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.

ANSYS Price Performance

ANSS traded up $0.07 during midday trading on Wednesday, hitting $353.21. The company had a trading volume of 488,304 shares, compared to its average volume of 518,243. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03. The firm's 50-day simple moving average is $336.32 and its 200-day simple moving average is $331.98. The company has a market capitalization of $31.05 billion, a PE ratio of 52.41, a P/E/G ratio of 3.61 and a beta of 1.19. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.66 and a current ratio of 3.66.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued 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). ANSYS had a net margin of 22.95% and a return on equity of 12.38%. The company had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. During the same period in the prior year, the business earned $1.39 EPS. The business's revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the sale, the director directly owned 3,230 shares in the company, valued at $969,032.30. This trade represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is owned by company insiders.

About ANSYS

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.