Pinnacle Wealth Planning Services Inc. Makes New $283,000 Investment in ANSYS, Inc. (NASDAQ:ANSS)

Pinnacle Wealth Planning Services Inc. purchased a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 840 shares of the software maker’s stock, valued at approximately $283,000.

A number of other institutional investors also recently added to or reduced their stakes in ANSS. Van ECK Associates Corp boosted its position in ANSYS by 28.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,012 shares of the software maker’s stock worth $326,000 after acquiring an additional 223 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in ANSYS by 2.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 26,427 shares of the software maker’s stock worth $8,420,000 after acquiring an additional 716 shares during the period. QRG Capital Management Inc. boosted its position in ANSYS by 12.9% during the 3rd quarter. QRG Capital Management Inc. now owns 4,052 shares of the software maker’s stock worth $1,291,000 after acquiring an additional 463 shares during the period. Impax Asset Management Group plc boosted its position in ANSYS by 8.0% during the 3rd quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock worth $192,259,000 after acquiring an additional 44,605 shares during the period. Finally, Tandem Investment Advisors Inc. raised its stake in shares of ANSYS by 3.4% in the 3rd quarter. Tandem Investment Advisors Inc. now owns 11,411 shares of the software maker’s stock worth $3,636,000 after buying an additional 375 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Rosenblatt Securities boosted their price objective on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Stock Up 0.1 %

ANSS opened at $325.61 on Friday. The stock’s fifty day moving average is $340.49 and its 200-day moving average is $333.69. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The company has a market capitalization of $28.54 billion, a PE ratio of 49.71, a P/E/G ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 19th. The software maker reported $3.65 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 firm had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. On average, equities analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

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.