Sone Capital Management LLC Acquires New Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Sone Capital Management LLC bought a new position in ANSYS, Inc. (NASDAQ:ANSS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 38,724 shares of the software maker’s stock, valued at approximately $13,063,000. ANSYS comprises approximately 1.7% of Sone Capital Management LLC’s investment portfolio, making the stock its 12th biggest position.

A number of other large investors have also recently added to or reduced their stakes in the stock. WBI Investments LLC bought a new stake in shares of ANSYS during the 4th quarter worth $847,000. Tybourne Capital Management HK Ltd. acquired a new stake in shares of ANSYS in the fourth quarter valued at about $3,960,000. Tairen Capital Ltd bought a new position in shares of ANSYS in the fourth quarter worth about $5,146,000. Tidal Investments LLC lifted its position in shares of ANSYS by 11.2% during the 4th quarter. Tidal Investments LLC now owns 12,060 shares of the software maker’s stock worth $4,068,000 after purchasing an additional 1,219 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in ANSYS by 3.4% during the 4th quarter. Toronto Dominion Bank now owns 49,378 shares of the software maker’s stock valued at $16,657,000 after purchasing an additional 1,603 shares during the period. Institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of ANSS stock opened at $346.63 on Monday. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03. The company has a market capitalization of $30.47 billion, a P/E ratio of 52.92, a P/E/G ratio of 3.48 and a beta of 1.21. The stock has a 50 day moving average of $317.11 and a two-hundred day moving average of $332.55. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.11). The firm had revenue of $504.89 million during the quarter, compared to the consensus estimate of $516.81 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $1.39 earnings per share. As a group, equities analysts expect that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the sale, the director now owns 3,230 shares of the company’s stock, valued at $969,032.30. The trade was a 5.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Rosenblatt Securities upped their price target on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th.

ANSYS 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.