Olympiad Research LP Purchases 1,487 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Olympiad Research LP boosted its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 67.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,690 shares of the software maker’s stock after acquiring an additional 1,487 shares during the period. ANSYS accounts for about 1.3% of Olympiad Research LP’s investment portfolio, making the stock its 16th largest position. Olympiad Research LP’s holdings in ANSYS were worth $1,245,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ANSS. Raymond James & Associates raised its stake in ANSYS by 0.4% during the 3rd quarter. Raymond James & Associates now owns 10,822 shares of the software maker’s stock worth $3,448,000 after acquiring an additional 46 shares during the period. Sequoia Financial Advisors LLC raised its stake in ANSYS by 6.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,504 shares of the software maker’s stock worth $479,000 after acquiring an additional 92 shares during the period. Signaturefd LLC raised its stake in ANSYS by 7.0% during the 3rd quarter. Signaturefd LLC now owns 1,334 shares of the software maker’s stock worth $425,000 after acquiring an additional 87 shares during the period. International Assets Investment Management LLC bought a new stake in ANSYS during the 3rd quarter worth approximately $54,820,000. Finally, IFM Investors Pty Ltd raised its stake in ANSYS by 2.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 18,003 shares of the software maker’s stock worth $5,736,000 after acquiring an additional 434 shares during the period. Institutional investors own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ANSS has been the topic of several recent analyst reports. Rosenblatt Securities lifted their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a report on Friday. Finally, Robert W. Baird boosted their price target on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

ANSYS Stock Down 1.8 %

Shares of ANSS opened at $334.21 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.11. The stock has a market capitalization of $29.29 billion, a price-to-earnings ratio of 51.02, a price-to-earnings-growth ratio of 3.55 and a beta of 1.12. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03. The business’s 50 day simple moving average is $342.69 and its 200-day simple moving average is $332.94.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $864.46 million. As a group, equities analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

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.