Quantinno Capital Management LP Acquires 936 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Quantinno Capital Management LP increased its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 29.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,065 shares of the software maker's stock after acquiring an additional 936 shares during the period. Quantinno Capital Management LP's holdings in ANSYS were worth $1,371,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Merit Financial Group LLC bought a new stake in shares of ANSYS in the fourth quarter worth $208,000. SG Americas Securities LLC raised its position in shares of ANSYS by 26.1% during the fourth 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 during the last quarter. Mutual Advisors LLC acquired a new position in shares of ANSYS in the fourth quarter worth approximately $215,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings 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 stake in ANSYS during the 4th quarter valued at approximately $201,000. Institutional investors and hedge funds own 92.39% of the company's stock.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS 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 transaction, the director now directly owns 3,230 shares of the company's stock, valued at $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 available through the SEC website. Corporate insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ANSS shares. Rosenblatt Securities upped their price objective on shares of 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 report on Wednesday, May 7th.

ANSYS Stock Down 0.6%

Shares of ANSS traded down $1.97 during trading hours on Wednesday, hitting $346.26. The stock had a trading volume of 126,066 shares, compared to its average volume of 494,853. ANSYS, Inc. has a 1-year low of $275.06 and a 1-year high of $363.03. The firm has a market capitalization of $30.44 billion, a P/E ratio of 52.87, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. The firm has a 50 day simple moving average of $320.21 and a 200-day simple moving average of $333.06. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its earnings results 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 return on equity of 12.69% and a net margin of 22.62%. The business had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. During the same period in the previous year, the firm earned $1.39 earnings per share. The company's revenue was up 8.2% on a year-over-year basis. Sell-side analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal 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.