Pinnacle Wealth Planning Services Inc. Purchases Shares of 840 ANSYS, Inc. (NASDAQ:ANSS)

Pinnacle Wealth Planning Services Inc. bought a new stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 840 shares of the software maker's stock, valued at approximately $283,000.

Several other hedge funds also recently modified their holdings of ANSS. Raymond James Financial Inc. bought a new stake in ANSYS in the 4th quarter worth about $10,408,000. Arizona State Retirement System grew its holdings in shares of ANSYS by 1.4% in the fourth quarter. Arizona State Retirement System now owns 25,350 shares of the software maker's stock valued at $8,551,000 after acquiring an additional 338 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of ANSYS during the fourth quarter valued at approximately $353,000. Atria Investments Inc lifted its holdings in ANSYS by 7.5% during the fourth quarter. Atria Investments Inc now owns 13,518 shares of the software maker's stock worth $4,560,000 after acquiring an additional 947 shares during the period. Finally, Assetmark Inc. boosted its position in ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after purchasing an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction 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 directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

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

ANSYS Stock Performance

Shares of ANSS traded up $1.65 during mid-day trading on Tuesday, hitting $320.36. The stock had a trading volume of 471,029 shares, compared to its average volume of 427,629. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The business has a fifty day moving average price of $340.10 and a 200-day moving average price of $333.72. The firm has a market cap of $28.08 billion, a P/E ratio of 48.91, a PEG ratio of 3.48 and a beta of 1.11.

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

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.