Pinnacle Wealth Planning Services Inc. Purchases Shares of 840 ANSYS, Inc. (NASDAQ:ANSS)

Pinnacle Wealth Planning Services Inc. bought a new stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 840 shares of the software maker's stock, valued at approximately $283,000.

A number of other large investors also recently bought and sold shares of ANSS. Alpine Associates Management Inc. grew its stake in ANSYS by 8.2% during the 4th quarter. Alpine Associates Management Inc. now owns 443,583 shares of the software maker's stock worth $149,634,000 after purchasing an additional 33,600 shares in the last quarter. Magnetar Financial LLC grew its holdings in ANSYS by 0.8% during the 4th quarter. Magnetar Financial LLC now owns 219,625 shares of the software maker's stock worth $74,086,000 after acquiring an additional 1,824 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in ANSYS by 46.3% during the 4th quarter. Mizuho Securities USA LLC now owns 8,288 shares of the software maker's stock worth $2,796,000 after acquiring an additional 2,621 shares in the last quarter. Prudential PLC grew its holdings in ANSYS by 5.9% during the 4th quarter. Prudential PLC now owns 37,833 shares of the software maker's stock worth $12,762,000 after acquiring an additional 2,122 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in ANSYS during the 4th quarter worth approximately $1,272,000. Institutional investors and hedge funds own 92.39% of the company's stock.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated 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 owns 3,230 shares in the company, valued at approximately $969,032.30. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.61% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ANSS has been the subject of several analyst reports. Wall Street Zen cut ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Rosenblatt Securities increased their price target on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, February 21st.

ANSYS Price Performance

ANSYS stock traded up $2.06 during midday trading on Friday, reaching $330.80. The company's stock had a trading volume of 2,766,267 shares, compared to its average volume of 516,261. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $363.03. The stock's 50 day simple moving average is $320.46 and its 200 day simple moving average is $332.69. The firm has a market capitalization of $29.08 billion, a PE ratio of 50.50, a P/E/G ratio of 3.48 and a beta of 1.21.

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 company had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. During the same quarter last year, the business earned $1.39 EPS. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities 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.