Rehmann Capital Advisory Group Buys 72 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Rehmann Capital Advisory Group increased its position in ANSYS, Inc. (NASDAQ:ANSS) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,110 shares of the software maker’s stock after purchasing an additional 72 shares during the period. Rehmann Capital Advisory Group’s holdings in ANSYS were worth $374,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. bought a new stake in ANSYS in the 4th quarter worth about $27,000. Quarry LP raised its holdings in shares of ANSYS by 1,550.0% during the fourth quarter. Quarry LP now owns 99 shares of the software maker’s stock valued at $33,000 after purchasing an additional 93 shares during the last quarter. Assetmark Inc. lifted its position in ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after purchasing an additional 103 shares during the period. Millstone Evans Group LLC purchased a new stake in ANSYS in the fourth quarter worth approximately $42,000. Finally, Kapitalo Investimentos Ltda bought a new stake in ANSYS in the 4th quarter worth approximately $43,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the transaction, the director now directly owns 3,230 shares in the company, valued at approximately $969,032.30. This represents a 5.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Rosenblatt Securities upped their price target 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. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, April 28th.

ANSYS Price Performance

ANSS stock opened at $328.76 on Friday. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03. The firm has a market capitalization of $28.82 billion, a P/E ratio of 50.19, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20. The company has a fifty day simple moving average of $314.90 and a two-hundred day simple moving average of $331.57. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.11). The company had revenue of $504.89 million for the quarter, compared to analysts’ expectations of $516.81 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.39 EPS. Analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share 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.