Tower Research Capital LLC TRC Purchases 142 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Tower Research Capital LLC TRC increased its position in ANSYS, Inc. (NASDAQ:ANSS) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,582 shares of the software maker’s stock after purchasing an additional 142 shares during the quarter. Tower Research Capital LLC TRC’s holdings in ANSYS were worth $1,883,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ANSS. MML Investors Services LLC raised its position in shares of ANSYS by 2.3% during the 4th quarter. MML Investors Services LLC now owns 12,228 shares of the software maker’s stock valued at $4,125,000 after acquiring an additional 278 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of ANSYS by 1.9% in the 4th quarter. MetLife Investment Management LLC now owns 23,143 shares of the software maker’s stock worth $7,807,000 after purchasing an additional 422 shares during the last quarter. Norinchukin Bank The grew its stake in shares of ANSYS by 11.1% during the fourth quarter. Norinchukin Bank The now owns 4,955 shares of the software maker’s stock worth $1,671,000 after purchasing an additional 494 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its holdings in ANSYS by 327.0% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,261 shares of the software maker’s stock valued at $1,437,000 after purchasing an additional 3,263 shares during the last quarter. Finally, Capital Research Global Investors acquired a new position in ANSYS in the fourth quarter valued at about $695,129,000. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Performance

ANSS stock opened at $303.26 on Wednesday. ANSYS, Inc. has a 1-year low of $275.06 and a 1-year high of $363.03. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The firm has a market cap of $26.58 billion, a PE ratio of 46.30, a P/E/G ratio of 3.48 and a beta of 1.20. The business’s 50-day moving average price is $317.67 and its two-hundred day moving average price is $331.99.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ANSS. Rosenblatt Securities boosted their target price on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a report on Friday, April 18th.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the transaction, the director now owns 3,230 shares in the company, valued at approximately $969,032.30. This represents a 5.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.46% of the company’s stock.

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.