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

Rehmann Capital Advisory Group raised its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in ANSS. Ameliora Wealth Management Ltd. bought a new stake in shares of ANSYS in the fourth quarter valued at about $27,000. Quarry LP grew its holdings in ANSYS by 1,550.0% during the 4th quarter. Quarry LP now owns 99 shares of the software maker’s stock worth $33,000 after acquiring an additional 93 shares in the last quarter. Assetmark Inc. increased its position in ANSYS by 468.2% during the 4th 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 bought a new stake in shares of ANSYS in the 4th quarter valued at about $42,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of ANSYS in the 4th quarter worth approximately $43,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the sale, the director now directly owns 3,230 shares in the company, valued at approximately $969,032.30. This trade represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by company insiders.

ANSYS Stock Up 2.8 %

Shares of ANSYS stock opened at $328.76 on Friday. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The company has a market cap of $28.82 billion, a P/E ratio of 50.19, a PEG ratio of 3.48 and a beta of 1.20. The firm’s 50 day moving average price is $314.90 and its 200-day moving average price is $331.57. ANSYS, Inc. has a 52-week low of $275.06 and a 52-week high of $363.03.

ANSYS (NASDAQ:ANSS) last announced its 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 firm had revenue of $504.89 million during 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%. ANSYS’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business earned $1.39 earnings per share. On average, sell-side analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analysts Set New Price Targets

ANSS has been the subject of a number of recent research reports. Rosenblatt Securities boosted their price objective on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, April 28th.

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.