Rafferty Asset Management LLC Has $23.04 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

Rafferty Asset Management LLC grew its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,308 shares of the software maker’s stock after purchasing an additional 1,107 shares during the quarter. Rafferty Asset Management LLC owned about 0.08% of ANSYS worth $23,042,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in ANSS. Ameliora Wealth Management Ltd. acquired a new stake in ANSYS during the fourth quarter worth about $27,000. Quarry LP grew its position in ANSYS by 1,550.0% during the fourth quarter. Quarry LP now owns 99 shares of the software maker’s stock worth $33,000 after buying an additional 93 shares in the last quarter. Assetmark Inc. grew its position in ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after buying an additional 103 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in ANSYS during the fourth quarter worth about $42,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in ANSYS during the fourth quarter worth about $43,000. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the transaction, the director now owns 3,230 shares in the company, valued at approximately $969,032.30. The trade was a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

ANSYS Stock Down 1.3%

NASDAQ ANSS opened at $343.52 on Friday. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock’s 50 day moving average is $316.58 and its two-hundred day moving average is $332.32. The company has a market capitalization of $30.20 billion, a price-to-earnings ratio of 52.45, a PEG ratio of 3.48 and a beta of 1.21. ANSYS, Inc. has a 1-year low of $275.06 and a 1-year high of $363.03.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.11). The company had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 earnings per share. Equities analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ANSS has been the topic of a number of recent research reports. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Rosenblatt Securities lifted their target price on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st.

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.