ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. lifted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,050 shares of the software maker’s stock after buying an additional 65 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in ANSYS were worth $354,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. acquired a new stake in shares of ANSYS in the fourth quarter valued at about $27,000. Intact Investment Management Inc. purchased a new position in ANSYS in the third quarter valued at about $70,000. Allworth Financial LP boosted its stake in shares of ANSYS by 33.7% during the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock worth $92,000 after acquiring an additional 65 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of ANSYS during the 3rd quarter worth $119,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in ANSYS in the 3rd quarter valued at about $174,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analyst Upgrades and Downgrades

ANSS has been the topic of several recent research reports. Robert W. Baird upped their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Rosenblatt Securities lifted their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Finally, StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.46% of the company’s stock.

ANSYS Trading Down 1.0 %

ANSS stock opened at $330.40 on Wednesday. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The company has a market cap of $28.96 billion, a price-to-earnings ratio of 50.44, a PEG ratio of 3.48 and a beta of 1.12. The business has a fifty day simple moving average of $342.25 and a 200-day simple moving average of $333.49. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. On average, equities research analysts expect that ANSYS, Inc. will post 8.32 EPS for the current year.

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.