Turtle Creek Wealth Advisors LLC Buys Shares of 130 ANSYS, Inc. (NASDAQ:ANSS)

Turtle Creek Wealth Advisors LLC bought a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 130 shares of the software maker’s stock, valued at approximately $47,000.

Other hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC boosted its stake in shares of ANSYS by 18.1% in the 3rd quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock valued at $72,000 after purchasing an additional 37 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of ANSYS by 11.7% in the 3rd quarter. IFP Advisors Inc now owns 363 shares of the software maker’s stock valued at $108,000 after purchasing an additional 38 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of ANSYS by 0.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 4,866 shares of the software maker’s stock valued at $1,448,000 after purchasing an additional 39 shares in the last quarter. Williams Jones Wealth Management LLC. boosted its stake in shares of ANSYS by 2.2% in the 1st quarter. Williams Jones Wealth Management LLC. now owns 1,822 shares of the software maker’s stock valued at $606,000 after purchasing an additional 39 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its stake in shares of ANSYS by 2.7% in the 3rd quarter. Perigon Wealth Management LLC now owns 1,544 shares of the software maker’s stock valued at $459,000 after purchasing an additional 40 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Mizuho lowered 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. StockNews.com assumed coverage on shares of ANSYS in a report on Sunday, April 7th. They set a “hold” rating for the company. Rosenblatt Securities reiterated a “neutral” rating and set a $345.00 price target on shares of ANSYS in a report on Tuesday, March 5th. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Finally, Barclays upped their price target on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $322.75.

ANSYS Stock Up 0.2 %

Shares of NASDAQ ANSS opened at $340.10 on Friday. 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 12 month low of $258.01 and a 12 month high of $364.31. The firm has a market capitalization of $29.60 billion, a PE ratio of 59.35, a price-to-earnings-growth ratio of 5.44 and a beta of 1.16. The firm has a fifty day simple moving average of $338.57 and a two-hundred day simple moving average of $318.94.

ANSYS (NASDAQ:ANSS) last released its earnings results 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. The firm had revenue of $805.10 million for the quarter, compared to the consensus estimate of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.61 EPS. Equities analysts expect that ANSYS, Inc. will post 7.34 earnings per share for the current year.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the sale, the director now directly owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.53% of the company’s stock.

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.