NorthRock Partners LLC Takes Position in ANSYS, Inc. (NASDAQ:ANSS)

NorthRock Partners LLC bought a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,133 shares of the software maker's stock, valued at approximately $382,000.

Several other hedge funds have also made changes to their positions in ANSS. Capital Research Global Investors acquired a new stake in shares of ANSYS during the fourth quarter worth $695,129,000. Norges Bank acquired a new stake in shares of ANSYS during the fourth quarter worth $615,566,000. FIL Ltd boosted its holdings in shares of ANSYS by 32.5% during the fourth quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock worth $703,730,000 after purchasing an additional 511,557 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of ANSYS during the fourth quarter worth $119,140,000. Finally, Northern Trust Corp boosted its holdings in shares of ANSYS by 14.9% during the fourth quarter. Northern Trust Corp now owns 1,043,975 shares of the software maker's stock worth $352,164,000 after purchasing an additional 135,400 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

ANSYS Stock Up 0.6%

NASDAQ:ANSS traded up $2.02 during mid-day trading on Tuesday, hitting $346.00. The company had a trading volume of 396,267 shares, compared to its average volume of 494,144. The business has a fifty day simple moving average of $317.64 and a 200-day simple moving average of $332.69. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year high of $363.03. The firm has a market capitalization of $30.42 billion, a price-to-earnings ratio of 52.82, a PEG ratio of 3.48 and a beta of 1.21.

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). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The company had revenue of $504.89 million during the quarter, compared to analysts' expectations of $516.81 million. During the same period last year, the business earned $1.39 earnings per share. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. Equities analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. StockNews.com lowered ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Rosenblatt Securities increased their target price on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the sale, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.61% of the company's stock.

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.