Gabelli Funds LLC Boosts Position in ANSYS, Inc. (NASDAQ:ANSS)

Gabelli Funds LLC boosted its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,100 shares of the software maker's stock after purchasing an additional 1,250 shares during the quarter. Gabelli Funds LLC's holdings in ANSYS were worth $6,443,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. FNY Investment Advisers LLC increased its holdings in ANSYS by 78.7% during the 4th quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker's stock worth $2,036,000 after purchasing an additional 2,659 shares during the period. JPMorgan Chase & Co. increased its holdings in ANSYS by 34.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker's stock worth $123,217,000 after purchasing an additional 100,042 shares during the period. Oak Thistle LLC purchased a new position in ANSYS during the 4th quarter worth $255,000. Ulland Investment Advisors LLC increased its holdings in ANSYS by 107.6% during the 4th quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker's stock worth $889,000 after purchasing an additional 1,366 shares during the period. Finally, CCLA Investment Management increased its holdings in ANSYS by 11.9% during the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker's stock worth $150,381,000 after purchasing an additional 47,331 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of ANSYS 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 sale, the director now directly owns 3,230 shares of the company's stock, valued at $969,032.30. The trade was a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.46% of the stock is owned by company insiders.

ANSYS Stock Up 2.5 %

ANSS stock traded up $7.72 on Wednesday, hitting $310.98. 168,905 shares of the company's stock were exchanged, compared to its average volume of 478,070. ANSYS, Inc. has a 12-month low of $275.06 and a 12-month high of $363.03. The firm has a 50 day moving average price of $317.67 and a two-hundred day moving average price of $331.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The stock has a market cap of $27.26 billion, a P/E ratio of 47.48, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The business had revenue of $882.17 million for the quarter, compared to analysts' expectations of $864.46 million. As a group, equities research analysts expect that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Rosenblatt Securities lifted their price target on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st. StockNews.com upgraded ANSYS from a "hold" rating to a "buy" rating in a report on Friday, April 18th.

About ANSYS

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.