Proficio Capital Partners LLC Invests $353,000 in ANSYS, Inc. (NASDAQ:ANSS)

Proficio Capital Partners LLC acquired a new position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,047 shares of the software maker's stock, valued at approximately $353,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. D1 Capital Partners L.P. acquired a new stake in shares of ANSYS in the 3rd quarter worth approximately $73,345,000. State Street Corp raised its holdings in ANSYS by 3.0% during the third 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. JPMorgan Chase & Co. lifted its position in ANSYS by 34.9% in the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker's stock worth $123,217,000 after purchasing an additional 100,042 shares during the period. CCLA Investment Management lifted its position in ANSYS by 11.9% in the fourth quarter. CCLA Investment Management now owns 445,891 shares of the software maker's stock worth $150,381,000 after purchasing an additional 47,331 shares during the period. Finally, Geode Capital Management LLC boosted its stake in ANSYS by 1.7% during 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 purchasing an additional 37,577 shares in the last quarter. Institutional investors own 92.39% of the company's stock.

ANSYS Price Performance

Shares of NASDAQ:ANSS traded down $5.20 on Friday, reaching $316.89. 518,831 shares of the company traded hands, compared to its average volume of 454,348. The stock has a market capitalization of $27.78 billion, a PE ratio of 48.38, a P/E/G ratio of 3.48 and a beta of 1.11. 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 company's 50 day moving average is $335.12 and its 200-day moving average is $334.34. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03.

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ANSYS (NASDAQ:ANSS - Get Free Report) last announced its earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The company had revenue of $882.17 million for the quarter, compared to analysts' expectations of $864.46 million. As a group, analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Transactions 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 value of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares of the company's stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Rosenblatt Securities upped their price objective on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report 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.

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.