NEOS Investment Management LLC Acquires 1,833 Shares of ANSYS, Inc. (NASDAQ:ANSS)

NEOS Investment Management LLC increased its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 21.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,451 shares of the software maker's stock after acquiring an additional 1,833 shares during the quarter. NEOS Investment Management LLC's holdings in ANSYS were worth $3,525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Ameliora Wealth Management Ltd. acquired a new stake in ANSYS during the fourth quarter valued at $27,000. Assetmark Inc. raised its stake in shares of ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after acquiring an additional 103 shares in the last quarter. Millstone Evans Group LLC bought a new stake in ANSYS during the fourth quarter worth approximately $42,000. SBI Securities Co. Ltd. bought a new position in shares of ANSYS in the fourth quarter valued at approximately $47,000. Finally, Allworth Financial LP lifted its stake in shares of ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker's stock worth $92,000 after buying an additional 65 shares during the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Trading Down 0.1 %

ANSYS stock traded down $0.22 during mid-day trading on Wednesday, hitting $320.57. The stock had a trading volume of 117,262 shares, compared to its average volume of 453,741. The stock has a market capitalization of $28.10 billion, a PE ratio of 48.96, a P/E/G ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a 50-day simple moving average of $333.83 and a two-hundred day simple moving average of $334.45.

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

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the company'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 transaction of $67,324.00. Following the sale, the director now owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.46% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ANSS has been the subject of a number of research analyst reports. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Rosenblatt Securities raised their price objective on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st.

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.