Gallacher Capital Management LLC Takes $211,000 Position in ANSYS, Inc. (NASDAQ:ANSS)

Gallacher Capital Management LLC bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 625 shares of the software maker’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in ANSYS by 3.0% during the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after buying an additional 106,187 shares in the last quarter. Geode Capital Management LLC increased its holdings in ANSYS by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock valued at $732,672,000 after acquiring an additional 37,577 shares during the last quarter. Principal Financial Group Inc. lifted its stake in ANSYS by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker’s stock worth $192,456,000 after purchasing an additional 7,098 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of ANSYS by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 553,193 shares of the software maker’s stock valued at $186,609,000 after purchasing an additional 21,051 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of ANSYS by 1.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,565 shares of the software maker’s stock valued at $177,289,000 after purchasing an additional 6,786 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on ANSS shares. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Rosenblatt Securities raised their target price on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st.

ANSYS Trading Up 1.6 %

ANSS opened at $322.68 on Monday. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average of $338.68 and a 200 day moving average of $333.73. The firm has a market cap of $28.28 billion, a P/E ratio of 49.26, a P/E/G ratio of 3.48 and a beta of 1.11.

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 the consensus estimate of $3.97 by ($0.32). The firm had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. As a group, research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

About ANSYS

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.