GABELLI & Co INVESTMENT ADVISERS INC. Buys 4,948 Shares of ANSYS, Inc. (NASDAQ:ANSS)

GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 25.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,315 shares of the software maker's stock after buying an additional 4,948 shares during the period. ANSYS comprises about 1.4% of GABELLI & Co INVESTMENT ADVISERS INC.'s investment portfolio, making the stock its 20th largest holding. GABELLI & Co INVESTMENT ADVISERS INC.'s holdings in ANSYS were worth $8,202,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameliora Wealth Management Ltd. bought a new stake in ANSYS during the 4th quarter worth about $27,000. Assetmark Inc. raised its holdings in ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after acquiring an additional 103 shares in the last quarter. Millstone Evans Group LLC acquired a new position in ANSYS during the fourth quarter valued at approximately $42,000. SBI Securities Co. Ltd. bought a new position in ANSYS in the fourth quarter valued at approximately $47,000. Finally, Allworth Financial LP increased its position in shares of ANSYS by 33.7% during the 4th 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 last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the transaction, the director now owns 3,230 shares in the company, valued at $969,032.30. This trade represents a 5.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ANSS shares. Rosenblatt Securities increased 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 upgraded shares of ANSYS from a "hold" rating to a "buy" rating in a research note on Friday.

ANSYS Stock Performance

Shares of NASDAQ ANSS traded up $1.15 during midday trading on Friday, hitting $302.74. 817,786 shares of the company's stock were exchanged, compared to its average volume of 479,074. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03. The company's 50 day moving average price is $319.11 and its 200 day moving average price is $332.19. 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 firm has a market capitalization of $26.54 billion, a PE ratio of 46.22, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share 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 during the quarter, compared to the consensus estimate of $864.46 million. As a group, analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal 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.