ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. raised its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,634 shares of the software maker’s stock after buying an additional 119 shares during the period. Summit Investment Advisors Inc.’s holdings in ANSYS were worth $1,226,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ANSS. Synovus Financial Corp raised its position in shares of ANSYS by 1.6% during the 4th quarter. Synovus Financial Corp now owns 10,312 shares of the software maker’s stock worth $3,479,000 after acquiring an additional 163 shares in the last quarter. Townsquare Capital LLC increased its stake in ANSYS by 1.3% in the fourth quarter. Townsquare Capital LLC now owns 4,657 shares of the software maker’s stock valued at $1,571,000 after purchasing an additional 62 shares during the last quarter. Water Island Capital LLC raised its holdings in ANSYS by 3.3% during the fourth quarter. Water Island Capital LLC now owns 117,899 shares of the software maker’s stock worth $39,771,000 after purchasing an additional 3,811 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of ANSYS by 56.3% during the 4th quarter. Sterling Capital Management LLC now owns 5,201 shares of the software maker’s stock worth $1,754,000 after buying an additional 1,874 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of ANSYS by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 38,367 shares of the software maker’s stock valued at $12,942,000 after buying an additional 240 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the transaction, the director now owns 3,230 shares of the company’s stock, valued at approximately $969,032.30. The trade was a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.46% of the stock is owned by insiders.

ANSYS Stock Down 0.8 %

ANSS stock opened at $301.59 on Thursday. The company has a market cap of $26.43 billion, a price-to-earnings ratio of 46.04, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20. The company has a fifty day moving average price of $320.67 and a 200 day moving average price of $332.27. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. Sell-side analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ANSS has been the topic of several research analyst reports. 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 research note on Friday, February 21st. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research report on Friday, March 21st.

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.