GAMMA Investing LLC Buys Shares of 622 ANSYS, Inc. (NASDAQ:ANSS)

GAMMA Investing LLC bought a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 622 shares of the software maker’s stock, valued at approximately $226,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. CVA Family Office LLC bought a new stake in shares of ANSYS in the 4th quarter valued at $28,000. Raleigh Capital Management Inc. increased its position in shares of ANSYS by 135.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after buying an additional 57 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of ANSYS in the 4th quarter valued at $47,000. KB Financial Partners LLC increased its position in shares of ANSYS by 69.5% in the 3rd 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 increased its position 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 buying an additional 37 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of analysts recently commented on the stock. StockNews.com assumed coverage on shares of ANSYS in a research report on Tuesday. They issued a “hold” rating for the company. Rosenblatt Securities reiterated a “neutral” rating and set a $345.00 target price on shares of ANSYS in a report on Tuesday, March 5th. Barclays increased their target price on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Finally, Mizuho lowered their target price on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $320.00.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $327.04 on Friday. The stock has a market capitalization of $28.55 billion, a price-to-earnings ratio of 57.08, a PEG ratio of 5.15 and a beta of 1.16. The business has a 50-day moving average of $336.72 and a 200-day moving average of $321.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The business had revenue of $805.10 million during the quarter, compared to analysts’ expectations of $797.49 million. During the same quarter last year, the company posted $2.61 earnings per share. ANSYS’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, sell-side analysts predict that ANSYS, Inc. will post 7.39 earnings per share for the current fiscal 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.