Simon Quick Advisors LLC purchased a new position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 909 shares of the software maker's stock, valued at approximately $288,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in ANSS. Savant Capital LLC acquired a new position in ANSYS during the 4th quarter worth about $203,000. Catalyst Financial Partners LLC acquired a new position in ANSYS during the 4th quarter valued at about $210,000. Empire Life Investments Inc. lifted its position in ANSYS by 0.8% during the 4th quarter. Empire Life Investments Inc. now owns 5,123 shares of the software maker's stock valued at $1,728,000 after purchasing an additional 42 shares during the period. Principal Securities Inc. lifted its position in ANSYS by 17.7% during the 4th quarter. Principal Securities Inc. now owns 619 shares of the software maker's stock valued at $209,000 after purchasing an additional 93 shares during the period. Finally, Strategic Financial Concepts LLC bought a new stake in shares of ANSYS in the 4th quarter valued at about $5,576,000. Institutional investors and hedge funds own 92.39% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on ANSS. Wall Street Zen cut ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Rosenblatt Securities upped 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.
Read Our Latest Report on ANSS
ANSYS Trading Down 1.6%
Shares of ANSS stock traded down $5.49 on Friday, reaching $338.01. The company had a trading volume of 428,330 shares, compared to its average volume of 525,308. 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 stock has a market cap of $29.72 billion, a PE ratio of 51.60, a PEG ratio of 3.48 and a beta of 1.19. The company has a 50-day moving average of $326.69 and a 200-day moving average of $332.45. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03.
ANSYS (NASDAQ:ANSS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company posted $1.39 earnings per share. ANSYS's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current year.
Insider Buying and Selling
In other news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on 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 now owns 3,230 shares of the company's stock, valued at approximately $969,032.30. This represents a 5.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.
About ANSYS
(
Free Report)
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.
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