Sage Mountain Advisors LLC Invests $220,000 in ANSYS, Inc. (NASDAQ:ANSS)

Sage Mountain Advisors LLC acquired a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 606 shares of the software maker’s stock, valued at approximately $220,000.

Other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC acquired a new position in ANSYS during the fourth quarter valued at approximately $28,000. Raleigh Capital Management Inc. grew its holdings in ANSYS by 135.7% during the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after purchasing an additional 57 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in ANSYS in the fourth quarter valued at approximately $47,000. KB Financial Partners LLC lifted its stake in ANSYS by 69.5% in the third quarter. KB Financial Partners LLC now owns 178 shares of the software maker’s stock valued at $53,000 after buying an additional 73 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its stake in ANSYS by 18.1% in the third quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock valued at $72,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the company’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 sale, the director now directly owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wolfe Research reaffirmed a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. StockNews.com assumed coverage on shares of ANSYS in a research note on Tuesday. They issued a “hold” rating on the stock. Mizuho cut their price target on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 17th. Rosenblatt Securities reissued a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research report on Tuesday, March 5th. Finally, Barclays boosted their price objective on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $323.86.

ANSYS Stock Performance

NASDAQ ANSS opened at $325.97 on Wednesday. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average price is $336.83 and its two-hundred day moving average price is $321.07. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31. The firm has a market capitalization of $28.46 billion, a P/E ratio of 56.89, a price-to-earnings-growth ratio of 5.14 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.23. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The firm had revenue of $805.10 million for the quarter, compared to analyst estimates of $797.49 million. During the same period in the prior year, the firm posted $2.61 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, research analysts anticipate that ANSYS, Inc. will post 7.26 EPS 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.