Charter Oak Advisors LP Purchases Shares of 15,419 ANSYS, Inc. (NASDAQ:ANSS)

Charter Oak Advisors LP purchased a new position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,419 shares of the software maker's stock, valued at approximately $5,201,000. ANSYS makes up approximately 3.0% of Charter Oak Advisors LP's portfolio, making the stock its 10th biggest holding.

A number of other hedge funds also recently modified their holdings of ANSS. Wasatch Advisors LP grew its stake in shares of ANSYS by 10.6% during the 4th quarter. Wasatch Advisors LP now owns 2,891 shares of the software maker's stock worth $975,000 after acquiring an additional 277 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in ANSYS by 25.5% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 24,315 shares of the software maker's stock worth $8,202,000 after buying an additional 4,948 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of ANSYS by 13.9% during the 4th quarter. Gamco Investors INC. ET AL now owns 1,085 shares of the software maker's stock worth $366,000 after buying an additional 132 shares during the last quarter. Gabelli Funds LLC increased its position in shares of ANSYS by 7.0% in the fourth quarter. Gabelli Funds LLC now owns 19,100 shares of the software maker's stock valued at $6,443,000 after acquiring an additional 1,250 shares during the last quarter. Finally, Schwerin Boyle Capital Management Inc. boosted its position in ANSYS by 1.0% during the fourth quarter. Schwerin Boyle Capital Management Inc. now owns 9,825 shares of the software maker's stock valued at $3,314,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

Wall Street Analyst Weigh In

ANSS has been the subject of several recent analyst reports. 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 ANSYS from a "hold" rating to a "buy" rating in a research note on Friday.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the transaction, the director now directly owns 3,230 shares in the company, valued at approximately $969,032.30. This trade represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by company insiders.

ANSYS Stock Performance

ANSS stock traded down $6.55 during midday trading on Monday, hitting $296.19. The company's stock had a trading volume of 82,443 shares, compared to its average volume of 477,502. The stock has a market cap of $25.96 billion, a price-to-earnings ratio of 45.22, a PEG ratio of 3.48 and a beta of 1.20. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year 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 stock's 50-day moving average price is $319.11 and its 200 day moving average price is $332.32.

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). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. On average, equities analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current 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.