NorthRock Partners LLC Invests $382,000 in ANSYS, Inc. (NASDAQ:ANSS)

NorthRock Partners LLC acquired a new position in ANSYS, Inc. (NASDAQ:ANSS) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 1,133 shares of the software maker’s stock, valued at approximately $382,000.

Other institutional investors have also recently made changes to their positions in the company. Oak Thistle LLC bought a new stake in ANSYS during the 4th quarter valued at approximately $255,000. Park Avenue Securities LLC grew its holdings in ANSYS by 19.7% during the 4th quarter. Park Avenue Securities LLC now owns 5,261 shares of the software maker’s stock valued at $1,775,000 after buying an additional 865 shares in the last quarter. Carnegie Investment Counsel grew its holdings in ANSYS by 0.9% during the 4th quarter. Carnegie Investment Counsel now owns 93,225 shares of the software maker’s stock valued at $31,447,000 after buying an additional 877 shares in the last quarter. Everpar Advisors LLC grew its holdings in ANSYS by 3.1% during the 4th quarter. Everpar Advisors LLC now owns 1,441 shares of the software maker’s stock valued at $486,000 after buying an additional 44 shares in the last quarter. Finally, Procyon Advisors LLC grew its holdings in ANSYS by 2.3% during the 4th quarter. Procyon Advisors LLC now owns 2,314 shares of the software maker’s stock valued at $781,000 after buying an additional 51 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Insider Transactions at ANSYS

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 transaction of $60,002.00. Following the completion of the transaction, the director now owns 3,230 shares in the company, valued at $969,032.30. The trade was a 5.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.61% of the company’s stock.

ANSYS Price Performance

Shares of ANSYS stock opened at $346.63 on Friday. The stock has a market cap of $30.47 billion, a price-to-earnings ratio of 52.92, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The stock has a 50 day moving average price of $317.11 and a 200-day moving average price of $332.44. ANSYS, Inc. has a one year low of $275.06 and a one 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 analysts’ consensus estimates of $1.75 by ($0.11). The company had revenue of $504.89 million during the quarter, compared to analysts’ expectations of $516.81 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. ANSYS’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.39 EPS. Equities analysts expect that ANSYS, Inc. will post 8.32 EPS for the current year.

Analysts Set New Price Targets

ANSS has been the subject of several research analyst reports. Rosenblatt Securities raised their price target on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st. StockNews.com cut 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.