Sone Capital Management LLC Invests $13.06 Million in ANSYS, Inc. (NASDAQ:ANSS)

Sone Capital Management LLC bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 38,724 shares of the software maker's stock, valued at approximately $13,063,000. ANSYS makes up 1.7% of Sone Capital Management LLC's holdings, making the stock its 12th largest position.

A number of other large investors have also modified their holdings of ANSS. Ameliora Wealth Management Ltd. purchased a new position in shares of ANSYS during the 4th quarter worth approximately $27,000. Quarry LP raised its stake in shares of ANSYS by 1,550.0% during the 4th quarter. Quarry LP now owns 99 shares of the software maker's stock worth $33,000 after buying an additional 93 shares in the last quarter. Assetmark Inc. raised its stake in shares of ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after buying an additional 103 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of ANSYS during the 4th quarter worth approximately $42,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of ANSYS during the 4th quarter worth approximately $43,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the sale, the director now owns 3,230 shares in the company, valued at approximately $969,032.30. This represents a 5.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is owned by insiders.

ANSYS Price Performance

Shares of ANSS traded up $0.65 on Thursday, reaching $343.65. The stock had a trading volume of 539,210 shares, compared to its average volume of 495,766. The firm has a market capitalization of $30.21 billion, a PE ratio of 52.47, a PEG ratio of 3.48 and a beta of 1.21. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average of $318.61 and a 200 day moving average of $332.86. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). The company had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. ANSYS's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.39 EPS. Sell-side analysts expect that ANSYS, Inc. will post 8.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Rosenblatt Securities increased their target price on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. Wall Street Zen cut ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.

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.