Vident Advisory LLC Buys 1,086 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Vident Advisory LLC increased its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 47.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,363 shares of the software maker's stock after buying an additional 1,086 shares during the quarter. Vident Advisory LLC's holdings in ANSYS were worth $1,135,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Merit Financial Group LLC bought a new stake in shares of ANSYS during the 4th quarter valued at $208,000. SG Americas Securities LLC lifted its position in ANSYS by 26.1% during the fourth quarter. SG Americas Securities LLC now owns 11,161 shares of the software maker's stock valued at $3,765,000 after purchasing an additional 2,307 shares in the last quarter. Mutual Advisors LLC bought a new stake in ANSYS during the fourth quarter valued at about $215,000. Harel Insurance Investments & Financial Services Ltd. increased its position 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 worth $545,000 after buying an additional 1,556 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC purchased a new stake in ANSYS in the fourth quarter worth about $201,000. Hedge funds and other institutional investors own 92.39% of the company's stock.

ANSYS Price Performance

Shares of NASDAQ ANSS traded up $6.06 during mid-day trading on Tuesday, reaching $348.23. The company's stock had a trading volume of 566,420 shares, compared to its average volume of 496,296. 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, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03. The stock has a fifty day moving average of $319.74 and a two-hundred day moving average of $332.95. The firm has a market capitalization of $30.61 billion, a PE ratio of 53.16, a P/E/G ratio of 3.48 and a beta of 1.21.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share 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 during the quarter, compared to the consensus estimate of $516.81 million. During the same quarter in the previous year, the company earned $1.39 earnings per share. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on ANSS. Rosenblatt Securities lifted their price objective on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. Wall Street Zen downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the 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 completion of the transaction, the director now owns 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is currently owned by insiders.

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.