Rafferty Asset Management LLC Buys 1,107 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Rafferty Asset Management LLC increased its stake in ANSYS, Inc. (NASDAQ:ANSS) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 68,308 shares of the software maker’s stock after acquiring an additional 1,107 shares during the period. Rafferty Asset Management LLC’s holdings in ANSYS were worth $23,042,000 at the end of the most recent quarter.

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

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction 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 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 at this hyperlink. 0.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on ANSS. Rosenblatt Securities upped their target price 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 cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th.

ANSYS Stock Performance

Shares of ANSYS stock opened at $343.52 on Friday. The firm has a fifty day moving average of $316.58 and a two-hundred day moving average of $332.32. The stock 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 52 week low of $275.06 and a 52 week high of $363.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01.

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

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.