Prime Capital Investment Advisors LLC Invests $200,000 in ANSYS, Inc. (NASDAQ:ANSS)

Prime Capital Investment Advisors LLC bought a new position in ANSYS, Inc. (NASDAQ:ANSS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 552 shares of the software maker’s stock, valued at approximately $200,000.

Other institutional investors have also made changes to their positions in the company. CVA Family Office LLC purchased a new position in shares of ANSYS in the fourth quarter worth approximately $28,000. Raleigh Capital Management Inc. increased its position in shares of ANSYS by 135.7% in the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after acquiring an additional 57 shares in the last quarter. KB Financial Partners LLC increased its position in shares of ANSYS by 854.5% in the second quarter. KB Financial Partners LLC now owns 105 shares of the software maker’s stock worth $35,000 after acquiring an additional 94 shares in the last quarter. Cornerstone Planning Group LLC purchased a new position in shares of ANSYS in the second quarter worth approximately $50,000. Finally, Gyon Technologies Capital Management LP purchased a new position in shares of ANSYS in the fourth quarter worth approximately $37,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the transaction, the director now owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on ANSS. Wolfe Research restated a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Rosenblatt Securities restated a “neutral” rating and set a $345.00 price target on shares of ANSYS in a report on Tuesday, March 5th. StockNews.com began coverage on shares of ANSYS in a report on Monday. They set a “hold” rating for the company. Barclays raised their price target on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Finally, Mizuho decreased their price target on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, ANSYS currently has a consensus rating of “Hold” and a consensus target price of $322.75.

ANSYS Price Performance

Shares of ANSYS stock opened at $334.20 on Monday. The firm has a fifty day simple moving average of $338.55 and a 200-day simple moving average of $319.51. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The stock has a market capitalization of $29.18 billion, a price-to-earnings ratio of 58.32, a PEG ratio of 5.28 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The business had revenue of $805.10 million during the quarter, compared to analysts’ expectations of $797.49 million. During the same period in the previous year, the company earned $2.61 earnings per share. ANSYS’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, sell-side analysts expect that ANSYS, Inc. will post 7.34 earnings per share for the current year.

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.