Mercer Global Advisors Inc. ADV Has $585,000 Stake in ANSYS, Inc. (NASDAQ:ANSS)

Mercer Global Advisors Inc. ADV lifted its position in ANSYS, Inc. (NASDAQ:ANSS) by 4.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,733 shares of the software maker’s stock after buying an additional 69 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in ANSYS were worth $585,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ANSS. Ameliora Wealth Management Ltd. bought a new stake in ANSYS in the fourth quarter worth approximately $27,000. Quarry LP lifted its stake in shares of ANSYS by 1,550.0% in the 4th 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. boosted its holdings in ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after purchasing an additional 103 shares in the last quarter. Millstone Evans Group LLC acquired a new position in ANSYS during the fourth quarter worth $42,000. Finally, Kapitalo Investimentos Ltda acquired a new position in ANSYS during the fourth quarter worth $43,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of ANSYS stock opened at $345.43 on Tuesday. 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 firm has a fifty day simple moving average of $315.20 and a 200-day simple moving average of $331.95. The stock has a market capitalization of $30.37 billion, a price-to-earnings ratio of 52.74, 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 announced 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). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $504.89 million during the quarter, compared to the consensus estimate of $516.81 million. During the same quarter last year, the business earned $1.39 EPS. The business’s revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on ANSS. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Rosenblatt Securities raised their price objective on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, February 21st.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the sale, the director now owns 3,230 shares in the company, valued at $969,032.30. This represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by corporate insiders.

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.