Sage Mountain Advisors LLC Invests $220,000 in ANSYS, Inc. (NASDAQ:ANSS)

Sage Mountain Advisors LLC acquired a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 606 shares of the software maker’s stock, valued at approximately $220,000.

Several other large investors also recently modified their holdings of ANSS. CVA Family Office LLC acquired a new stake in shares of ANSYS during the 4th quarter worth approximately $28,000. Raleigh Capital Management Inc. grew its position in ANSYS by 135.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after purchasing an additional 57 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in ANSYS in the 4th quarter valued at $47,000. KB Financial Partners LLC grew its position in ANSYS by 69.5% in the 3rd quarter. KB Financial Partners LLC now owns 178 shares of the software maker’s stock valued at $53,000 after purchasing an additional 73 shares during the period. Finally, Lindbrook Capital LLC grew its position in ANSYS by 18.1% in the 3rd quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock valued at $72,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Barclays lifted their price target on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research report on Thursday, February 22nd. Rosenblatt Securities reissued a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a research report on Tuesday, March 5th. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. StockNews.com started coverage on shares of ANSYS in a research report on Tuesday. They issued a “hold” rating for the company. Finally, Mizuho dropped their price objective on ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $323.86.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the sale, the director now directly owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $325.97 on Wednesday. The stock has a market cap of $28.46 billion, a PE ratio of 56.89, a price-to-earnings-growth ratio of 5.14 and a beta of 1.16. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. The stock’s fifty day simple moving average is $336.83 and its two-hundred day simple moving average is $321.07.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.23. The company had revenue of $805.10 million for the quarter, compared to analysts’ expectations of $797.49 million. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.61 EPS. As a group, analysts forecast that ANSYS, Inc. will post 7.26 EPS for the current fiscal year.

ANSYS Company 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.