Vise Technologies Inc. Invests $261,000 in ANSYS, Inc. (NASDAQ:ANSS)

Vise Technologies Inc. purchased a new position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 775 shares of the software maker's stock, valued at approximately $261,000.

A number of other large investors have also bought and sold shares of the business. Ameliora Wealth Management Ltd. bought a new position in ANSYS in the 4th quarter valued at $27,000. Quarry LP boosted its position in shares of ANSYS by 1,550.0% in the 4th quarter. Quarry LP now owns 99 shares of the software maker's stock worth $33,000 after purchasing an additional 93 shares during the last quarter. Assetmark Inc. boosted its position in shares of ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after purchasing an additional 103 shares during the last quarter. Millstone Evans Group LLC bought a new position in shares of ANSYS in the 4th quarter worth $42,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in ANSYS during the 4th quarter worth $43,000. 92.39% of the stock is currently owned by institutional investors.

ANSYS Stock Up 0.6%

Shares of NASDAQ:ANSS traded up $2.06 during midday trading on Friday, reaching $330.80. The company had a trading volume of 2,766,267 shares, compared to its average volume of 516,261. 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 business's 50 day moving average price is $320.46 and its 200 day moving average price is $332.69. The stock has a market cap 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, Inc. has a 1-year low of $275.06 and a 1-year high of $363.03.

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

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the business's 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 directly 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 filing with the SEC, which is accessible through this link. Corporate insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

ANSS has been the topic of several research analyst reports. Rosenblatt Securities raised their price objective 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 downgraded ANSYS from a "buy" rating to a "hold" rating in a research note 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.