Susquehanna Fundamental Investments LLC Invests $7.60 Million in ANSYS, Inc. (NASDAQ:ANSS)

Susquehanna Fundamental Investments LLC bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 22,527 shares of the software maker's stock, valued at approximately $7,599,000.

Several other hedge funds have also added to or reduced their stakes in ANSS. Ameliora Wealth Management Ltd. purchased a new position in ANSYS during the 4th quarter valued at about $27,000. Assetmark Inc. increased its stake in ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after purchasing an additional 103 shares during the period. Millstone Evans Group LLC bought a new stake in ANSYS during the 4th quarter valued at $42,000. SBI Securities Co. Ltd. purchased a new stake in shares of ANSYS during the fourth quarter worth about $47,000. Finally, Allworth Financial LP grew its position in shares of ANSYS by 33.7% in the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker's stock worth $92,000 after buying an additional 65 shares during the last quarter. Institutional investors own 92.39% of the company's stock.

ANSYS Trading Up 2.8 %

NASDAQ ANSS traded up $9.03 during trading on Friday, hitting $328.76. The stock had a trading volume of 532,957 shares, compared to its average volume of 483,717. The stock has a 50 day simple moving average of $314.90 and a 200 day simple moving average of $331.63. 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 quick ratio of 3.01 and a current ratio of 3.01. The stock has a market capitalization of $28.82 billion, a price-to-earnings ratio of 50.19, a P/E/G ratio of 3.48 and a beta of 1.20.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share (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 the consensus estimate of $516.81 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm's revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.39 earnings per share. Sell-side analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Rosenblatt Securities lifted 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. StockNews.com lowered ANSYS from a "buy" rating to a "hold" rating in a research note on Monday, April 28th.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.46% 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.