Woodline Partners LP Buys 9,230 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Woodline Partners LP increased its stake in ANSYS, Inc. (NASDAQ:ANSS) by 9.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 105,251 shares of the software maker’s stock after purchasing an additional 9,230 shares during the quarter. Woodline Partners LP’s holdings in ANSYS were worth $35,504,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ANSS. Ameliora Wealth Management Ltd. bought a new position in shares of ANSYS in the fourth quarter valued at approximately $27,000. Quarry LP grew its stake in 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 buying an additional 93 shares during the last quarter. Assetmark Inc. raised its holdings in ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after acquiring an additional 103 shares during the period. Millstone Evans Group LLC acquired a new position in ANSYS during the 4th quarter worth $42,000. Finally, Kapitalo Investimentos Ltda acquired a new position in ANSYS during the 4th quarter worth $43,000. Institutional investors own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ANSS. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Rosenblatt Securities raised their target price on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st.

ANSYS Price Performance

NASDAQ:ANSS opened at $346.00 on Wednesday. The stock has a market cap of $30.42 billion, a P/E ratio of 52.82, a PEG ratio of 3.48 and a beta of 1.21. ANSYS, Inc. has a one year low of $275.06 and a one year high of $363.03. The company has a fifty day moving average price of $318.21 and a 200 day moving average price of $332.79. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01.

ANSYS (NASDAQ:ANSS) last posted 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). The company had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.39 earnings per share. Analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 3,230 shares in the company, valued at approximately $969,032.30. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is owned by company insiders.

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.