Rafferty Asset Management LLC Increases Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Rafferty Asset Management LLC grew its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,308 shares of the software maker's stock after buying an additional 1,107 shares during the quarter. Rafferty Asset Management LLC owned 0.08% of ANSYS worth $23,042,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ANSS. Stock Yards Bank & Trust Co. boosted its stake in shares of ANSYS by 1.3% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker's stock valued at $767,000 after purchasing an additional 30 shares during the period. Greenleaf Trust increased its holdings in ANSYS by 0.9% during the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker's stock valued at $1,232,000 after purchasing an additional 32 shares during the period. Koshinski Asset Management Inc. raised its position in ANSYS by 0.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker's stock valued at $1,473,000 after purchasing an additional 34 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in ANSYS by 2.8% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock worth $438,000 after buying an additional 35 shares during the period. Finally, BTC Capital Management Inc. grew its position in shares of ANSYS by 2.5% in the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker's stock worth $506,000 after buying an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. StockNews.com downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Rosenblatt Securities boosted their price target on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, February 21st.

ANSYS Stock Down 0.7%

ANSYS stock traded down $2.54 on Wednesday, hitting $343.47. 164,646 shares of the stock traded hands, compared to its average volume of 493,206. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year high of $363.03. The firm has a market cap of $30.20 billion, a P/E ratio of 52.46, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The business's fifty day simple moving average is $318.21 and its 200 day simple moving average is $332.79.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $504.89 million for 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 was up 8.2% on a year-over-year basis. As a group, sell-side analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction 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 completion of the transaction, 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 through the SEC website. 0.61% of the stock is owned by company insiders.

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.