866 Shares in ANSYS, Inc. (NASDAQ:ANSS) Purchased by May Hill Capital LLC

May Hill Capital LLC bought a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 866 shares of the software maker’s stock, valued at approximately $292,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ANSS. Norges Bank acquired a new position in ANSYS during the fourth quarter worth about $615,566,000. Proficio Capital Partners LLC acquired a new position in shares of ANSYS in the 4th quarter worth approximately $119,140,000. State Street Corp raised its holdings in shares of ANSYS by 3.0% in the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after purchasing an additional 106,187 shares in the last quarter. National Bank of Canada FI lifted its stake in ANSYS by 69.4% during the fourth quarter. National Bank of Canada FI now owns 244,390 shares of the software maker’s stock valued at $82,440,000 after purchasing an additional 100,111 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in ANSYS by 34.9% during the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after buying an additional 100,042 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors.

ANSYS Trading Up 1.3 %

NASDAQ ANSS opened at $320.79 on Wednesday. The firm’s 50 day moving average price is $333.83 and its two-hundred day moving average price is $334.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The stock has a market cap of $28.12 billion, a price-to-earnings ratio of 48.98, a PEG ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data 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). 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. Equities analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ANSS has been the topic of several research reports. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Rosenblatt Securities boosted their target price on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research 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.