May Hill Capital LLC Makes New Investment in ANSYS, Inc. (NASDAQ:ANSS)

May Hill Capital LLC purchased a new position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 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 added to or reduced their stakes in ANSS. Geode Capital Management LLC raised its position in ANSYS by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock valued at $796,033,000 after purchasing an additional 58,190 shares during the period. National Bank of Canada FI raised its holdings in ANSYS by 69.4% during the 4th quarter. National Bank of Canada FI now owns 244,390 shares of the software maker's stock valued at $82,440,000 after buying an additional 100,111 shares during the period. Wellington Management Group LLP lifted its position in ANSYS by 27.5% in the fourth quarter. Wellington Management Group LLP now owns 3,721 shares of the software maker's stock worth $1,255,000 after buying an additional 803 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in ANSYS by 21.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,862 shares of the software maker's stock worth $1,640,000 after buying an additional 861 shares during the period. Finally, Allianz SE bought a new position in ANSYS during the fourth quarter valued at $1,556,000. 92.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction that occurred on Monday, January 13th. The stock was 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 directly owns 3,430 shares of the company's stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is owned by corporate insiders.

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Wall Street Analyst Weigh In

Several research firms have recently issued reports on ANSS. Rosenblatt Securities raised their target price on shares of ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. StockNews.com lowered ANSYS from a "buy" rating to a "hold" rating in a research report on Friday, March 21st.

ANSYS Stock Down 7.6 %

Shares of ANSS stock traded down $23.60 during mid-day trading on Friday, hitting $286.85. 1,315,228 shares of the stock traded hands, compared to its average volume of 461,859. The stock's fifty day moving average is $330.70 and its two-hundred day moving average is $334.09. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. ANSYS, Inc. has a 52-week low of $285.93 and a 52-week high of $363.03. The stock has a market cap of $25.14 billion, a P/E ratio of 43.79, a P/E/G ratio of 3.48 and a beta of 1.20.

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

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.