Algert Global LLC Buys New Stake in ANSYS, Inc. (NASDAQ:ANSS)

Algert Global LLC acquired a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,760 shares of the software maker’s stock, valued at approximately $594,000.

Several other hedge funds also recently made changes to their positions in ANSS. Ameliora Wealth Management Ltd. purchased a new position in shares of ANSYS during the fourth quarter worth about $27,000. Quarry LP grew its holdings in shares of ANSYS by 1,550.0% during the fourth quarter. Quarry LP now owns 99 shares of the software maker’s stock worth $33,000 after purchasing an additional 93 shares during the last quarter. Assetmark Inc. grew its holdings in shares of ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after purchasing an additional 103 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of ANSYS during the fourth quarter worth about $42,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of ANSYS during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of ANSS opened at $333.78 on Monday. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $363.03. The company has a market capitalization of $29.34 billion, a price-to-earnings ratio of 50.96, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. The firm has a 50-day simple moving average of $314.85 and a 200-day simple moving average of $331.79. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.11). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The business had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. During the same quarter last year, the company posted $1.39 EPS. ANSYS’s quarterly revenue was up 8.2% on a year-over-year basis. On average, equities research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ANSS shares. Rosenblatt Securities raised their price objective on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the sale, the director now owns 3,230 shares in the company, valued at $969,032.30. This trade represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is owned by insiders.

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.