HighTower Advisors LLC Buys 433 Shares of ANSYS, Inc. (NASDAQ:ANSS)

HighTower Advisors LLC lifted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 2.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 18,145 shares of the software maker’s stock after buying an additional 433 shares during the period. HighTower Advisors LLC’s holdings in ANSYS were worth $6,121,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Proficio Capital Partners LLC purchased a new position in ANSYS in the 4th quarter worth approximately $119,140,000. D1 Capital Partners L.P. bought a new position in shares of ANSYS in the third quarter worth approximately $73,345,000. State Street Corp increased its stake in shares of ANSYS by 3.0% in the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after buying an additional 106,187 shares during the period. JPMorgan Chase & Co. raised its holdings in ANSYS by 34.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock valued at $123,217,000 after buying an additional 100,042 shares during the last quarter. Finally, CCLA Investment Management boosted its position in ANSYS by 11.9% during the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock valued at $150,381,000 after buying an additional 47,331 shares during the period. Institutional investors own 92.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Rosenblatt Securities upped their price target on 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 ANSYS stock in a transaction that occurred 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 directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by corporate insiders.

ANSYS Stock Down 0.3 %

Shares of NASDAQ ANSS opened at $323.82 on Wednesday. The firm has a fifty day simple moving average of $338.17 and a two-hundred day simple moving average of $333.78. The firm has a market capitalization of $28.38 billion, a PE ratio of 49.44, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03.

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

ANSYS 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.