ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by Alpine Associates Management Inc.

Alpine Associates Management Inc. boosted its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 443,583 shares of the software maker’s stock after purchasing an additional 33,600 shares during the period. ANSYS comprises 9.1% of Alpine Associates Management Inc.’s portfolio, making the stock its 3rd largest position. Alpine Associates Management Inc. owned 0.51% of ANSYS worth $149,634,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameliora Wealth Management Ltd. bought a new position in ANSYS in the 4th quarter worth approximately $27,000. Assetmark Inc. boosted 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 purchasing an additional 103 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of ANSYS in the 4th quarter worth approximately $47,000. Allworth Financial LP grew its stake in shares of ANSYS by 33.7% in the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock worth $92,000 after purchasing an additional 65 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of ANSYS in the 3rd quarter worth approximately $119,000. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Up 0.1 %

ANSS stock opened at $325.61 on Friday. 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 firm has a market capitalization of $28.54 billion, a P/E ratio of 49.71, a P/E/G ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The company’s 50 day simple moving average is $340.49 and its 200-day simple moving average is $333.74.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. As a group, equities research analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the sale, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. 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 upgraded ANSYS from a “hold” rating to a “buy” rating in a report on Friday, February 21st.

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.