WBI Investments LLC Invests $847,000 in ANSYS, Inc. (NASDAQ:ANSS)

WBI Investments LLC bought a new position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,511 shares of the software maker's stock, valued at approximately $847,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ANSS. Tybourne Capital Management HK Ltd. purchased a new stake in shares of ANSYS in the 4th quarter worth approximately $3,960,000. Tairen Capital Ltd purchased a new stake in shares of ANSYS in the fourth quarter worth $5,146,000. Tidal Investments LLC grew its stake in shares of ANSYS by 11.2% in the fourth quarter. Tidal Investments LLC now owns 12,060 shares of the software maker's stock worth $4,068,000 after acquiring an additional 1,219 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of ANSYS by 3.4% in the fourth quarter. Toronto Dominion Bank now owns 49,378 shares of the software maker's stock worth $16,657,000 after acquiring an additional 1,603 shares during the last quarter. Finally, Snowden Capital Advisors LLC grew its position in ANSYS by 6.2% during the 4th quarter. Snowden Capital Advisors LLC now owns 923 shares of the software maker's stock valued at $311,000 after purchasing an additional 54 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Trading Down 0.8%

ANSYS stock opened at $343.98 on Tuesday. 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 one year low of $275.06 and a one year high of $363.03. The stock has a market capitalization of $30.24 billion, a PE ratio of 52.52, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. The business's fifty day moving average is $317.64 and its 200 day moving average is $332.69.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.11). The business had revenue of $504.89 million for the quarter, compared to analysts' expectations of $516.81 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The company's quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the business earned $1.39 earnings per share. On average, sell-side analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.

Analyst Upgrades and Downgrades

ANSS has been the topic of several recent analyst reports. StockNews.com downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Rosenblatt Securities increased their price target on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the transaction, the director now owns 3,230 shares of the company's stock, valued at approximately $969,032.30. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.61% of the company's stock.

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.

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