Wellington Management Group LLP Buys 803 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Wellington Management Group LLP raised its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 27.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,721 shares of the software maker's stock after buying an additional 803 shares during the period. Wellington Management Group LLP's holdings in ANSYS were worth $1,255,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ANSS. Caprock Group LLC grew its position in shares of ANSYS by 6.7% in the 4th quarter. Caprock Group LLC now owns 750 shares of the software maker's stock valued at $253,000 after buying an additional 47 shares during the last quarter. Choreo LLC grew its position in shares of ANSYS by 50.0% in the 4th quarter. Choreo LLC now owns 2,781 shares of the software maker's stock valued at $940,000 after buying an additional 927 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of ANSYS by 4.7% in the 4th quarter. Bleakley Financial Group LLC now owns 1,928 shares of the software maker's stock valued at $650,000 after buying an additional 87 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of ANSYS during the 4th quarter valued at about $5,576,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of ANSYS by 1.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,565 shares of the software maker's stock valued at $177,289,000 after purchasing an additional 6,786 shares in the last quarter. Institutional investors own 92.39% of the company's stock.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of the company'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 transaction of $60,002.00. Following the transaction, the director now directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is owned by company insiders.

ANSYS Stock Up 0.3%

Shares of ANSYS stock opened at $339.27 on Friday. ANSYS, Inc. has a one year low of $275.06 and a one year high of $363.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The stock's 50-day moving average is $322.11 and its 200 day moving average is $332.75. The firm has a market cap of $29.83 billion, a price-to-earnings ratio of 51.80, a PEG ratio of 3.48 and a beta of 1.19.

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 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 firm had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. During the same period last year, the company posted $1.39 earnings per share. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. Equities research analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Rosenblatt Securities upped their target price 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 lowered ANSYS from a "buy" rating to a "hold" rating in a research 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.