Gabelli Funds LLC Purchases 1,250 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Gabelli Funds LLC lifted its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,100 shares of the software maker's stock after acquiring an additional 1,250 shares during the period. Gabelli Funds LLC's holdings in ANSYS were worth $6,443,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ameliora Wealth Management Ltd. bought a new stake in shares of ANSYS during the fourth quarter valued at approximately $27,000. Assetmark Inc. boosted its stake 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 buying an additional 103 shares in the last quarter. Millstone Evans Group LLC bought a new stake in ANSYS in the 4th quarter valued at $42,000. SBI Securities Co. Ltd. acquired a new position in shares of ANSYS in the 4th quarter valued at $47,000. Finally, Allworth Financial LP boosted 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 valued at $92,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 92.39% of the company's stock.

ANSYS Price Performance

ANSYS stock traded down $4.80 during trading hours on Monday, hitting $297.94. 453,379 shares of the stock were exchanged, compared to its average volume of 478,971. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03. The business's 50-day moving average is $319.11 and its two-hundred day moving average is $332.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The stock has a market capitalization of $26.12 billion, a P/E ratio of 45.49, a P/E/G ratio of 3.48 and a beta of 1.20.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $864.46 million. Equities research analysts expect that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $969,032.30. The trade was a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.46% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ANSS has been the subject of a number of analyst reports. StockNews.com upgraded shares of ANSYS from a "hold" rating to a "buy" rating in a research note on Friday. Rosenblatt Securities boosted their price target on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st.

ANSYS 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.