NEOS Investment Management LLC Purchases 1,833 Shares of ANSYS, Inc. (NASDAQ:ANSS)

NEOS Investment Management LLC increased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 21.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,451 shares of the software maker’s stock after purchasing an additional 1,833 shares during the period. NEOS Investment Management LLC’s holdings in ANSYS were worth $3,525,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. purchased a new position in shares of ANSYS during the fourth quarter valued at approximately $27,000. Assetmark Inc. lifted its stake in shares of ANSYS by 468.2% during 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 last quarter. Millstone Evans Group LLC purchased a new position in ANSYS during the 4th quarter valued at $42,000. SBI Securities Co. Ltd. bought a new position in ANSYS in the 4th quarter valued at $47,000. Finally, Allworth Financial LP increased its stake in ANSYS by 33.7% in the fourth 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 period. 92.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Rosenblatt Securities boosted their target price on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Friday, March 21st.

ANSYS Trading Down 1.6 %

Shares of NASDAQ ANSS opened at $316.89 on Friday. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $335.12 and a two-hundred day simple moving average of $334.16. The firm has a market cap of $27.78 billion, a PE ratio of 48.38, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11.

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

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on Monday, January 13th. The stock was 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 owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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.