ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by Tsai Capital Corp

Tsai Capital Corp grew its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,945 shares of the software maker’s stock after buying an additional 41 shares during the quarter. ANSYS accounts for 2.2% of Tsai Capital Corp’s investment portfolio, making the stock its 20th largest position. Tsai Capital Corp’s holdings in ANSYS were worth $3,017,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ANSS. Dynamic Technology Lab Private Ltd acquired a new position in ANSYS during the third quarter worth $534,000. Townsquare Capital LLC lifted its stake in ANSYS by 7.4% in the 3rd quarter. Townsquare Capital LLC now owns 4,595 shares of the software maker’s stock valued at $1,464,000 after buying an additional 318 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings in ANSYS by 2.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,973 shares of the software maker’s stock worth $947,000 after buying an additional 61 shares during the last quarter. FORA Capital LLC purchased a new stake in ANSYS during the 3rd quarter worth approximately $208,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of ANSYS by 24.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,704 shares of the software maker’s stock valued at $13,607,000 after acquiring an additional 8,521 shares during the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ANSS has been the subject of several research reports. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Rosenblatt Securities increased their target price on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st.

ANSYS Stock Performance

Shares of ANSYS stock opened at $316.89 on Friday. The business’s 50 day moving average price is $335.12 and its 200 day moving average price is $334.16. The company has a market cap of $27.78 billion, a price-to-earnings ratio of 48.38, a PEG ratio of 3.48 and a beta of 1.11. 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.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $864.46 million. On average, research analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.46% of the company’s stock.

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.