Tybourne Capital Management HK Ltd. Makes New Investment in ANSYS, Inc. (NASDAQ:ANSS)

Tybourne Capital Management HK Ltd. acquired a new stake in ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,738 shares of the software maker’s stock, valued at approximately $3,960,000. ANSYS makes up 1.0% of Tybourne Capital Management HK Ltd.’s investment portfolio, making the stock its 22nd biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of ANSS. Ameliora Wealth Management Ltd. acquired a new stake in ANSYS in the fourth quarter valued at $27,000. Quarry LP increased its holdings in shares of ANSYS by 1,550.0% in the 4th quarter. Quarry LP now owns 99 shares of the software maker’s stock valued at $33,000 after acquiring an additional 93 shares during the last quarter. Assetmark Inc. raised its position in shares of ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after acquiring an additional 103 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in ANSYS during the fourth quarter worth approximately $42,000. Finally, Kapitalo Investimentos Ltda acquired a new position in ANSYS in the fourth quarter valued at approximately $43,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on ANSS shares. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th. Rosenblatt Securities increased their target price on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the company’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 directly owns 3,230 shares of the company’s stock, valued at approximately $969,032.30. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is currently owned by insiders.

ANSYS Trading Up 0.9%

NASDAQ:ANSS opened at $346.63 on Monday. The company has a market capitalization of $30.47 billion, a PE ratio of 52.92, a P/E/G ratio of 3.48 and a beta of 1.21. ANSYS, Inc. has a 52-week low of $275.06 and a 52-week high of $363.03. The stock’s 50 day moving average price is $317.11 and its 200 day moving average price is $332.55. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

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