1,000 Shares in ANSYS, Inc. (NASDAQ:ANSS) Purchased by Moore Capital Management LP

Moore Capital Management LP purchased a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,000 shares of the software maker’s stock, valued at approximately $337,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ANSS. Capital Research Global Investors acquired a new position in ANSYS during the 4th quarter worth about $695,129,000. Norges Bank acquired a new position in ANSYS during the 4th quarter worth about $615,566,000. FIL Ltd lifted its position in ANSYS by 32.5% during the 4th quarter. FIL Ltd now owns 2,086,177 shares of the software maker’s stock worth $703,730,000 after buying an additional 511,557 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in ANSYS during the 4th quarter worth about $119,140,000. Finally, Northern Trust Corp lifted its position in ANSYS by 14.9% during the 4th quarter. Northern Trust Corp now owns 1,043,975 shares of the software maker’s stock valued at $352,164,000 after purchasing an additional 135,400 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ANSS. Rosenblatt Securities lifted their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock 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 Up 0.5%

Shares of NASDAQ:ANSS opened at $347.08 on Wednesday. ANSYS, Inc. has a one year low of $275.06 and a one year high of $363.03. The company has a 50 day moving average of $315.64 and a 200-day moving average of $332.05. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The stock has a market cap of $30.51 billion, a price-to-earnings ratio of 52.99, a P/E/G ratio of 3.48 and a beta of 1.21.

ANSYS (NASDAQ:ANSS) last issued its quarterly 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 business had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. During the same quarter in the prior year, the firm earned $1.39 EPS. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

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.