1492 Capital Management LLC Invests $218,000 in ANSYS, Inc. (NASDAQ:ANSS)

1492 Capital Management LLC acquired a new position in shares of ANSYS, Inc. (NASDAQ:ANSSFree Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 602 shares of the software maker’s stock, valued at approximately $218,000.

Several other institutional investors also recently modified their holdings of the company. Ninety One North America Inc. increased its position in ANSYS by 49.3% during the fourth quarter. Ninety One North America Inc. now owns 29,863 shares of the software maker’s stock worth $10,837,000 after buying an additional 9,863 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in ANSYS by 7.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,195,065 shares of the software maker’s stock valued at $355,592,000 after acquiring an additional 81,457 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in ANSYS by 8.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 415,424 shares of the software maker’s stock valued at $149,607,000 after purchasing an additional 31,579 shares during the last quarter. Pinnacle Wealth Planning Services Inc. bought a new position in ANSYS during the fourth quarter worth $204,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of ANSYS by 5.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 99,670 shares of the software maker’s stock valued at $34,209,000 after purchasing an additional 5,364 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the sale, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.46% of the company’s stock.

ANSYS Trading Up 0.9 %

NASDAQ ANSS traded up $2.93 on Monday, reaching $331.11. The company had a trading volume of 300,200 shares, compared to its average volume of 632,099. The firm has a market cap of $28.91 billion, a price-to-earnings ratio of 66.49, a P/E/G ratio of 7.26 and a beta of 1.16. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The business has a 50 day moving average of $333.41 and a two-hundred day moving average of $327.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.80.

ANSYS (NASDAQ:ANSSGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). The firm had revenue of $466.60 million during the quarter, compared to the consensus estimate of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.45 earnings per share. Analysts forecast that ANSYS, Inc. will post 7.16 EPS for the current year.

Wall Street Analysts Forecast Growth

ANSS has been the subject of a number of research analyst reports. Barclays boosted their price objective on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Rosenblatt Securities reissued a “neutral” rating and set a $345.00 price target on shares of ANSYS in a report on Friday, May 3rd. Finally, StockNews.com started coverage on ANSYS in a research note on Saturday. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $320.00.

Read Our Latest Report on ANSYS

ANSYS Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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