ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC boosted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 17.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 942 shares of the software maker’s stock after buying an additional 142 shares during the quarter. Parallel Advisors LLC’s holdings in ANSYS were worth $318,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Cibc World Markets Corp increased its position in ANSYS by 13.7% during the 4th quarter. Cibc World Markets Corp now owns 15,708 shares of the software maker’s stock valued at $5,299,000 after buying an additional 1,892 shares in the last quarter. Glenview Trust co acquired a new position in ANSYS during the 4th quarter valued at about $202,000. Gallacher Capital Management LLC acquired a new position in ANSYS during the 4th quarter valued at about $211,000. Natixis Advisors LLC increased its position in ANSYS by 9.7% during the 4th quarter. Natixis Advisors LLC now owns 76,976 shares of the software maker’s stock valued at $25,966,000 after buying an additional 6,832 shares in the last quarter. Finally, Frank Rimerman Advisors LLC increased its holdings in shares of ANSYS by 4.6% in the fourth quarter. Frank Rimerman Advisors LLC now owns 1,672 shares of the software maker’s stock valued at $564,000 after purchasing an additional 74 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.46% of the company’s stock.

ANSYS Stock Down 0.1 %

Shares of ANSS stock opened at $324.20 on Friday. The stock’s 50-day simple moving average is $337.11 and its 200-day simple moving average is $333.83. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The firm has a market capitalization of $28.42 billion, a PE ratio of 49.50, a P/E/G ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03.

ANSYS (NASDAQ:ANSS) last issued 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 return on equity of 12.69% and a net margin of 22.62%. The company had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. Equities analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Wall Street Analyst Weigh In

ANSS has been the topic of a number of research reports. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a report on Friday. Rosenblatt Securities increased their price objective on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st.

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.